i choose bitcoin for investing and not gold even though bitcoin price is fluctuating much more i believe that its price can reach new heights in the near future
what your goal? when you will sell your bitcoin  Bitcoin is good for Short investmen 10-20 year not for long like Gold, Gold doesn't seem to be a very good long term investment. It mostly just serves as a hedge against inflation long term, whereas stocks return more because they're based on profit production of the underlying businesses. |
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I almost ready to open a small general store and I have been going back and forth with myself on rather its of more importance to make the store exclusively for Bitcoin, include the local currency as well as BTC, or if it makes a difference one way or other? Thoughts? Experiences? Suggestions?
I think another merchant accepting bitcoin can't hurt the bitcoin economy. That said, it will make a difference what you do with bitcoin when you receive it. If you immediately convert to fiat, I don't think this really helps the bitcoin community; at best it's neutral. On the the other hand, I'd be skeptical that a bitcoin only merchant could possibly do enough business to stay afloat. Your best bet to help you and potentially help the bitcoin community would be to accept all forms of payment, including bitcoin. |
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I wrote the following in response to a report in The Economist on Andrew Haldane's suggestion of negative interest rates:
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Mechanically, imposing negative interest rates would actually be fraught with danger, from the authorities' point of view.
Remember, this needs to be done in two steps, as mentioned by Buttonwood. Cash must be abolished before rates go negative, or else people would just store physical cash to avoid negative interest.
The trouble comes from gold, silver and Bitcoin. These can be used instead of cash to escape negative interest. It's easy to ban an asset (cash) issued by the authorities -- they only have to remove the asset's legal status. With the non-state-issued sorts, an actual ban would have to be enforced, and countries would have to co-operate.
There would be a big incentive for a country to break rank on this ban, to enjoy a windfall in capital inflow. A lot would depend on the ability of the dominant world power (US) to whip countries into line. The country that breaks rank would also need to be able to defend itself militarily, or else another war might be waged for mysterious reasons to effect "regime change" in that country.
Another major hurdle is that the ban on cash would almost have to be announced for reasons other than negative interest (since the Western public won't enjoy handing power to their elites to reduce their wealth by arbitrary degrees.) Most likely, it would be following a major terrorist incident. Certainly, the ban on gold, silver, and Bitcoin would be announced under the same justification, but if enough of these assets are held by people who understand that the real reason is negative rates, the ban would probably not be effective.
Even under a unified Imperial China, before the 1500s, the state found it necessary to use the death penalty to enforce such a ban, aimed at propping up the state paper money. And China eventually went to physical silver anyway.
Switzerland has had negative interest rates for a stretch now. http://www.tradingeconomics.com/switzerland/interest-rate However, I don't know if consumers are being charged a negative rate, or if it's only the banks being charged a negative rate by the central bank, and the banks are just eating the loss to keep from alienating consumers. |
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Take CLAMS for example, that is a coin that is clearly reliant on the number of people gambling with it. It has a small market cap, (about 1.3 million dollars) and its only use is for gambling. In fact, the only reason it has any value at all is that it is used by JD. But that coin experienced its own mini bubble and burst due to people speculating that holding CLAMS would create a decent return (it's a POS coin). The coin rose to over $3 before people realized the growth prospects for the coin are extremely limited because it's only useful for gambling on JD and maybe a couple other sites, and nothing else. So the price quickly came back down to around $1.20, which is where it still hovers. But gamblers or speculators can cause a small market cap coin like CLAMS to swing a lot easier than bitcoin.
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Let's cut the crap. Most of us are just waiting for Bitcoin to finally hit $100 to buy a huge quantity. Am I right or talking out my ass?
Actually,it depends on the person holding the bitcoins. if they are holding huge amounts of bitcoins they must be probably wanting that bitcoin should rise and rise..and if some people (including me) are holding less or no bitcoins then they want the price of bitcoin to drop so they can acquire as much bitcoin as they can before it rises again Anyone holding bitcoin like a capital asset isn't using bitcoin as it's intended, which is as a currency. In order for a currency to be viable, it needs to be a stable store of value, not subject to volatility. Volatility is what caused the bubble in 2013 that sent bitcoin over $1100, and the speculation resulted (predictably) in the crash that followed. The range bitcoin has been trading at in the last 6 months has been the best thing for bitcoin adoption, but the price is still too volatile to be a useful currency. Merchants transacting in bitcoin immediately convert to fiat. That's bad for the bitcoin community. |
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why do people need to create a physical bitcoin? actually i dont get it, as far as i know that bitcoin is peer to peer electronic cash system which is we need internet connection for doing transaction, bitcoin is helping us to make our transaction more simple without carrying your physical money,and hold on, there is QR code over there what is it function? its seems like wallet i mean like paper wallet or something else?
honestly i prefer to just collection the physical moreover it was made from gold
This is impossible to do because have no authority which own bitcoin. So no one can made physical bitcoins which can have legality. Needed first the known of it from all the countries then an agreement between those about the creation of an monetary authority which will manage it and then the creation from authority of the physical bitcoins. This there must be verified even with a group of countries but in this case the physical bitcoins can be used and can have legality only in these countries. As for the creation or not of the physical bitcoin I am for the yes. If managed rightly this can add value to the bitcoin. Bitcoin will be more and more currency of the people, of the simple people. Because the simple people don't use to much the internet and don't understand which is peer to peer, its importance and its advantages. The simple people need to buy its daily bread, need to buy the clothing at the store near its home, need to buy the gas for its car and need to give some money to their children and grandchildren. All those acts if made with bitcoin will increase in heaven its "power" and its overall value. And cannot be made if don't exist the physical bitcoin. So how does that works ? is that like paper wallet or something else? well if the problem is internet connection,what about using paper wallet or maybe some kind of like gift card or voucher in bitcoin, i just dont understand how it physical bitcoin's work Perhaps it's as simple as the QR code printed on the coin being the private key to a bitcoin address. Whoever then has the coin, controls the private key. But this still doesn't make a digital object physical. You could still control the bitcoins without the physical coin if you knew the private key. |
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The government will never give up its power to print money, so any chance of Bitcoin becoming an "official" currency is zero. However, if people use bitcoin to transact more than the dollar, that is not something the government can control unless they outlaw bitcoin. However, in order for this even to be possible, you will first need to be able to do everything with bitcoin that you can currently do with cash (and I mean, everything), and my personal opinion is that we are probably not capable of getting to that level of adoption within 15 years. That expression is not correct. The money are not printed by the government of the country but by the central monetary authority of that country which is the bank of first level of that country. Normally this kind of bank is named Central Bank and is different from all other (commercial banks) banks which act as every other business. Semantics. The central bank in this country, despite it's self-proclaimed "autonomy," is in the practice of acting in the interest of and at the whim of the federal government. For which country do you speak? I speak for every normal and democratic countries. Your vision of the world is fatalist. It is not absolutely possible that in all the normal and democratic countries verified your fatalist vision. Can be cases in which the Central Bank have corrupted leaders which follow the interests of various politicians but this cases are very few, cannot be as example and don't change the mission of this institution and its honest work. United States. I'm not talking about how things are supposed to work. I'm talking about they actually work. In any of the posts which are quoted is not talked for this country but for the all the countries in general. Anyhow I don't believe that Federal Reserve is corrupted. Do you have some data which verify your conviction? I'm not saying it's corrupted. I'm saying it's not entirely autonomous. Those aren't the same thing to me (corruption connotes criminal actions), but if you're taking them to be, perhaps that is where some confusion lies. I'm saying that the federal government is not going to embrace any digital currency it can't control. The government created the federal reserve system with legislation, and it can also end it through the same method if the Fed ever strays from accomplishing the things the federal government wants. The ability to establish and banish is ultimately where the level of control lies. |
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The government will never give up its power to print money, so any chance of Bitcoin becoming an "official" currency is zero. However, if people use bitcoin to transact more than the dollar, that is not something the government can control unless they outlaw bitcoin. However, in order for this even to be possible, you will first need to be able to do everything with bitcoin that you can currently do with cash (and I mean, everything), and my personal opinion is that we are probably not capable of getting to that level of adoption within 15 years. That expression is not correct. The money are not printed by the government of the country but by the central monetary authority of that country which is the bank of first level of that country. Normally this kind of bank is named Central Bank and is different from all other (commercial banks) banks which act as every other business. Semantics. The central bank in this country, despite it's self-proclaimed "autonomy," is in the practice of acting in the interest of and at the whim of the federal government. For which country do you speak? I speak for every normal and democratic countries. Your vision of the world is fatalist. It is not absolutely possible that in all the normal and democratic countries verified your fatalist vision. Can be cases in which the Central Bank have corrupted leaders which follow the interests of various politicians but this cases are very few, cannot be as example and don't change the mission of this institution and its honest work. United States. I'm not talking about how things are supposed to work. I'm talking about they actually work. Despite the Fed's "autonomy" to control the money supply, it works at the behest of, or at the very least in conjunction with, the federal government. There's too much commingling of personnel and insiders and regulatory capture for it to be anything but the case. |
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It's unlikely anyone will gamble with enough bitcoins to have an impact on the price one way or the other. The market cap of bitcoin is over 3.4 billion dollars. If we assume that the smallest amount of bitcoin entering or leaving the market at a time to have a material affect on the price is 0.1%, you're talking about 3.4 million dollars. And 0.1 percent is incredibly small too, what if you assumed it took 1%? That would be 34 million dollars. So how many people out there do you think are gambling with 3.4 million to 34 million dollars worth of bitcoin at a time?
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The government will never give up its power to print money, so any chance of Bitcoin becoming an "official" currency is zero. However, if people use bitcoin to transact more than the dollar, that is not something the government can control unless they outlaw bitcoin. However, in order for this even to be possible, you will first need to be able to do everything with bitcoin that you can currently do with cash (and I mean, everything), and my personal opinion is that we are probably not capable of getting to that level of adoption within 15 years. That expression is not correct. The money are not printed by the government of the country but by the central monetary authority of that country which is the bank of first level of that country. Normally this kind of bank is named Central Bank and is different from all other (commercial banks) banks which act as every other business. Semantics. The central bank in this country, despite it's self-proclaimed "autonomy," is in the practice of acting in the interest of and at the whim of the federal government. |
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It looks pretty fancy, and I see a QR code on the coin, but how does that work? It can't be both physical and digital at the same time. The whole point of a digital ledger is to prove who owns the digital coin, whereas with a physical coin, whoever physically holds the coin owns it. There is no need for a physical coin to have a digital ledger, which means there is no need for a QR code on the coin. So I don't exactly understand the concept here.
As I understand it (I didn't think it over, though), you buy such coins with a premium, where the premium is the price of gold in this coin, lol. So, when you "spend" it, you are left with a round piece of shiny metal (but it may acquire numismatic value with time)... Or you can use it as a "wallet" later, I guess I see, so really this is more of a novelty item seeking to capitalize on digital currency hype than anything else. I'm sure the markup on the value of the gold in the coin makes it one of the least efficient ways to buy gold possible. |
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The government will never give up its power to print money, so any chance of Bitcoin becoming an "official" currency is zero. However, if people use bitcoin to transact more than the dollar, that is not something the government can control unless they outlaw bitcoin. However, in order for this even to be possible, you will first need to be able to do everything with bitcoin that you can currently do with cash (and I mean, everything), and my personal opinion is that we are probably not capable of getting to that level of adoption within 15 years. |
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I could see it going back to $100 if popularity just drops, no more adoption and existing users turning their back on the currency.
And I do think Bitcoin could use some good marketing right about now, to bring in some new users.
But ease of use must be improved, through certain services possibly..
I think as bitcoin users, it should be our responsibility to contribute to the world of crypto with our skills and expertise, providing the people of the bitcoin community with services, websites, products, apps, etc which are essential to them increasing their use of bitcoins as well as use the application created. The application will get a lot of money, especially now that it knows its demographics and chance of monopoly Its very true, people do not respond to comments like these but such comments deserve the most attention. Instead of constantly fighting about how bitcoin is so volatile, the pros and cons, the bullshit other countries are doing and ranting why they are not adopting bitcoin, there should be threads which encourage innovation and help build together something really cool! Exactly, bitcoin is so interesting to me because that value is a pure case of supply and demand, and supply cannot be manipulated. We have a constant and predictable rise in supply, so the only way for Bitcoin to become more valuable is for there to be increased demand. However, increase in demand by people who will buy it and hold it hoping for appreciation are not actually helpful to the currency, and buying for appreciation (i.e. speculation, like the hottest new stock) is what caused the bubble in 2013 that saw the price shoot to over $1100, only to slowly deflate over the last two years. A currency with wild volatility is useless as a currency, so this kind of demand is detrimental to bitcoin as it increases price instability. That leaves you with demand from wider adoption and use of bitcoin as a currency, as it was intended to be used (not as a capital asset, which is what most of the increase in value has been fueled by). That means there needs to be more that can be done with bitcoin. Also, the value needs to be substantially stable in order to prevent merchants from simply accepting in bitcoin but immediately converting to fiat to lessen the risk of currency swings. In all, this is a lot to ask for, and it runs counter to most people's instincts concerning bitcoin, which is to accumulate for the purpose of selling for more fiat later. |
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I hope , they make a physical BTC it better than virtual
You mean like this?  It can be worth 1 BTC, and minted out of pure gold, and can be physically traded  It looks pretty fancy, and I see a QR code on the coin, but how does that work? It can't be both physical and digital at the same time. The whole point of a digital ledger is to prove who owns the digital coin, whereas with a physical coin, whoever physically holds the coin owns it. There is no need for a physical coin to have a digital ledger, which means there is no need for a QR code on the coin. So I don't exactly understand the concept here. |
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Name: jaysabi
Post count: 1295
Rank: Sr. Member
Bitcoin address: 16pvAqwo9fTrkqCMuPmqKPQA7jzsJswWRy
Would like to rejoin campaign.
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Hi mate,
I've been removed from the signature campaign for being absent from the boards recently. Would it be possible to be reinstated? I've been really busy lately and haven't had time for the boards much, but would like to stay enrolled in the program if possible. Please let me know.
Thanks.
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My prediction is the rate will not be hiked this time. China is slashing rates because of weakness, which will probably unsettle the Fed a bit as it suggests we may be close to another global recession. I expect this to lengthen the runway before rate hikes are enacted.
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So I have a plan of buying 20-30k bitcoins. The money comes from a company I run, however I didn't really declare all the income taxes and used some "tricks" to get some transactions of my customers deleted without they noticing so I would pay less taxes.
The problem is when I buy 20-30k worth of bitcoins using my bank account the government would notice it instantly and ask me where the money came from and I would be in serious trouble. I cannot declare the money because I didn't declare them when I sent them the income tax report.
Anyone who can help me?
There are so many problematic legal and ethical issues with this request, briefly: 1) attempts to launder money; 2) intentional income tax evasion; and perhaps most troubling, 3) the bolded language above suggests a total disregard for your customers by altering documents or ledgers that may affect them in a negative way so you can avoid income taxes. Bad actors like this are the reason people are reluctant to see the benefits of bitcoin. |
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This pool has been canceled for lack of participants. Thanks for your interest.Hi Everyone, I will be running a Double Elimination NFL pool for the 2015-2016 season. If you're unfamiliar with the pool, please see the rules and details of the pool below. The Gist- Pick a team every week that you think will not lose.
- You cannot pick the same team two weeks in a row.
- When you lose twice, you're out.
The pool is pretty simple! Don't lose twice, hence the "double elimination" moniker. ( Please see below for a complete list of rules, which will govern how the pool runs.) Pool Fee Information- The fee to enter the pool will be .06 btc.
- Of this fee, .05 will be used to build the pot and .01 will go towards my fee for running the pool and to pay for escrow services.
- Entry fee is due by September 10.
- Tomatocage will be providing escrow. I expect he will be posting here soon to provide details on a payment address for him to hold the funds for the pool while it runs.
- I will not receive my fee for running the pool until the pool has been completed and the winner(s) have been paid by Tomatocage.
(I don't know what type of demand there will be for this type of pool, but I probably will not run it with less than 10 participants.) Full Rules- Picks will be submitted through Google Forms. A link for each week will be provided for you to submit your picks. This will be the only acceptable method of pick selection, posts here will not be valid. (In the event Google Forms goes down for an extended period of time, you can submit your pick by posting here or with a private message to me if you want to retain the privacy of your pick for strategic reasons, but only if Google Forms is not functional.)
- During the regular season, you cannot pick the same team two weeks in a row. (However, you could pick the same team every other week if you wanted.)
- Your are eliminated from the pool with your second loss. All picks that are not wins are losses. This means ties are a loss. If you pick a game that is postponed and not made up, or a game that is canceled, it is a loss. If it is made up later during the year, your pick will be pending for that week until the game is completed and the outcome is known.
- The last person standing in the pool wins the pot as the sole winner, or else all persons who finish the Super Bowl with less than two losses are winners, and all winner share the pot equally, regardless if they have 0 or 1 loss.
- If all remaining players are eliminated in any given week, that week will become a bye week and those players will continue to play until there is a sole winner or until the Super Bowl is complete.
- During the playoffs, any team can be picked as many times as you want.
- Pick submission deadline is Noon Sunday (CST) each week, or the kickoff of the game you pick, whichever is first.
- For the purpose of determining when your pick was submitted, the timestamp in Google Forms will hold as the official submitted time. (To be safe, don't wait until the last minute.)
- Late picks count as a loss. No picks count as a loss. If you miss the submission deadline, you may not pick a late Sunday or Monday game.
- These rules will govern the pool, but for any situation that arises that is not covered by these rules, I will make a determination as to what is most fair depending on the circumstances of the situation.
Other Miscellaneous stuffThe first game of the season is Thursday September 10, with the rest of the games coming Sunday the 13th. As I stated, I won't probably won't run the pool with less than 10 participants. All money that builds the pot will be won by someone in the pool. There is no way for me to make any more money off this pool than the fee I charge up front. Once I determine there are enough people who are interested, I will provide the links for submitting your picks each week in this message. If you play the pool, all communication from me about the pool will be posted in this thread. Weekly results will be posted in this thread, hopefully no later than Tuesday or Wednesday. Also, each week I will endeavor to post a summary of which teams were picked as close to the close of the deadline as possible so you know what teams to root against. (I cannot guarantee this will happen, but I will try my hardest.) I run a rather large version of this pool for people I know irl (about 80 participants), so I figured I would give this a shot here as well. If you have any questions about the pool, please ask.-------------------------- To register for the pool, please complete this form: https://goo.gl/3EdDof Pay your entry fee here: [Reserved for an address Tomatocage will provide] -------------------------- [Space reserved for the links to submit picks every week.]
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Conservative icon Ann Coulter and author of new book Adios America has called Trump’s policy paper, “The greatest political document since the Magna Carta.”
Greater than the Declaration of Independence and the Constitution? She's a witch, and an un-American one at that! Get her! |
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