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He should have bought bitcoin, not a miner.
Yes an equipment investment is bad if you get outpaced. I bought my old PC for 300$, and now its worth like 50$ , so what?
You bought it in order to get rich from it, well bad luck.
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Deflation is not here yet. By my "working definition", deflation is a scarcity of money, where prices do indeed go down. Deflation may very well arrive if interest rates go up, banks accounts are seized or robbed (Bail-In), stock market crash, and/or other causes.
Wages can indeed go down in a deflation, see the 1930s in the USA. "Deflation" of another sort happened in the USA from about 1880 - 1910, as technology came along and LOWERED prices of consumer goods. In that case, "deflation" was a good thing.
Typically, inflation/hyperinflation happens AFTER a deflation, when the authorities get scared...
Deflation means different things to different people.
Yes, deflation for me is monetary deflation: the supply of money shrinks. (in a keynesian system due to defaults, as the debt is the money itself) In bitcoin we wont see that, we will see however price deflation, due to strenghtening: denominated things in bitcoin will shrink in price : both wages & expenditures. We already see that: as bitcoin price went up, faucets pay out less, but advertising on faucets is also cheaper. |
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I guess that we can already consider that bitcoin is going mainstream! This year all along we have seen large investments being made in the industry. If bitcoin is not going mainstream, the Blockchain is.
Thats the problem the blockchain is going not bitcoin. And bitcoin is constatly being demonized in the meantime. We need some TV advertisement about bitcoin, to show how easy it is to spend bitcoin to buy goods and tell people that bitcoin is accepted in many shops.
Sure but a social media campaign would be much cheaper and more effective. |
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Yes that is true because people come to gambling with some preset requirements like they want to this gambling winnings to some of their needs but when they lose initially they will be in a bigger problem so they will try to win again their lost money to recover but at the end they will lose more. If one don't control them self then gambling is wrong for them.
But people really fulfill their goals. The problem is that not all people. And those who dont can end up in big depressions after. So I think people should only gambles as much as they can afford, and only if they are not in a financial crisis. |
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Looks like the press is again spotlighting bitcoin: http://www.coindesk.com/bitcoin-in-the-headlines-press-eyes-skyrocketing-price/Point 1) again. While the press is important, and correlated with the price: the higher the price the more coverage bitcoin gets. It is still important to keep in mind that even though we get some news headers here and there. Without a coordinated marketing campaign I dont think bitcoin will push through. We need to break the status quo and push bitcoin to the masses. |
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It "wipes out" the elderly as it costs to keep cash in bank and they now live longer and longer but cannot generate the returns to last. Pension funds need yield of some sort to pay out their obligations. Long term Treasury yields no longer offer much more than inflation (whereas the 30 year note from the 80's was well over 10% iirc) and short terms are basically negative all over up to 5 yrs - many countries obligate their pension funds to invest a percentage in these markets.
edit: this means increase in taxes to everyone else.
People forget (since nobody is 300 years old that lives) that pension funds are only needed in an inflationary economy. Yes people are dumb and cannot invest correctly, so you need to rob them and invest that money for them, via a pension system. However in a deflationary economy, you just sit on your money and it goes up in value. You put away some money in your 20's and it will last till you are 90, and gain in value in the meantime. If people started saving in BTC @ 1 $ / bitcoin, you just made a 4000% ROI of your savings (in a 10% bitcoin inflation enviroment) Bitcoin will really give back power to the savers. |
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NXT could reach 2.8 billion too, with 1 billion NXT supply  If you hold a stack of 10,000 NXT you are a billionaire in the future |
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I`ts back now, but its very strange. As price starts to takeoff: Kraken DDOS, Bitcointalk DDOS. There is some conspiracy here....  Hmmm, was it really a ddos? If yes, why would people do a ddos attack to bitcointalk? It looked like it, with all the 502 bad gateway errors. I think there is a huge conspiracy here, and many pump and dump scammers try to manipulate BTC price. |
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Fascinating, we almost hit the volume of the NYSE Soon bitcoin will be the biggest financial market in the world. Source on what you're referring to here? NYSE dwarfs bitcoin in terms of number of trades, and most especially, value of trade. It's not even close. I said almost, that means we are not there yet. But if this continues , bitcoin volume will exceed NYSE. Because it's global. Imagine the 3.5 billion unbanked, starting trading /moving bitcoins around, the NYSE will become the dwarf. |
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Probably, but this auction of 44000 BTC is just bad, and could been a prefix market manipulation to dump the auction.
Its funny that the auction took place right on the day where bitcoin spiked. What a coincidence?
yea why should they auctioned that at this time, a real big coincidence Probably, but this auction of 44000 BTC is just bad, and could been a prefix market manipulation to dump the auction.
Its funny that the auction took place right on the day where bitcoin spiked. What a coincidence?
Don't make a conspiracy out of anything.I believe it's just a coincedence. And you don't know for what price the buyer of the 44k bitcoins had bought that amount. If it was around $400 or more it is very unlikely to see a dump of that coins soon. As far as I heard it was a blind auction. So no one knew how much the other offered.And all there knew the actual market price, so I tend to believe that these coins haven't be that cheap. But Kraken got DDOS-ed, and BCT has also been slowed down yesterday. Immediately after the auction ended. This is far beyond strange... |
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I`ts back now, but its very strange. As price starts to takeoff: Kraken DDOS, Bitcointalk DDOS. There is some conspiracy here.... |
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If price drops below $50, it means some disaster has occurred. If there is no long last effects, I will buy more coins.
Well said I will do the same, because now I`m confident bitcoin will be in the long term. (Have you noticed that as price goes down somebody attacks the forum and makes it slow?) |
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Especially if males buy them for themselves.
Or some other bizarre fetish. People dont want their dirty secrets revealed.
Yup most of them are males, and yes porn should be in private, that is why certain people are keeping them in private, that is why transaction needs to be privately, some fetish people wants to buy porn if not available in free sites. Yes that makes sense. All this collectivism and group thinking is so wrong. People need their privacy back, even their financial privacy. |
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Only if you dont exceed your limits.
You can gamble and win or lose, but dont do it too much, even if you win a lot, because luck can change anytime.
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We could see a retracement (in fact we just saw because of the auction) However I really doubt it will go below 200$ this time. I am confident it could reach 600$ too if we push strong With so much positive news about the adoption of bitcoin and the use of blockchain technology, the price will not go down to $200. It shall reach $600 in a few months. Pretty much agree with this. In a few months the price will reach maybe not $600 but rather around $500 but definitely not around $200. Ok then but we can all agree that the current price levels +/- a deviation is the target range for the price. We cannot know for sure, but we all expect a 600$ in the following months! |
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Can you destroy a Bitcoin private key?
Without a blockchain a Bitcoin private key is just a random number (and you can create those very easily). So the value of not being able to "destroy" a random number is exactly what? Blockchain can not be destroyed either, just temporarily out of service  Maybe with a global EMP strike it could. After all it would wipe off all online computers. And the few offline PC's would really not matter afterwards. |
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more people have access to the internet than people that have access to banking.
this means that even though we won't reach everyone in the world, we will still connect millions (billions even) of people who do not have money or a banking system but do have internet. (Yes, it's crazy, people have no bank account but do have internet, and not a few of them either).
I had internet before i had bank account. I only opened my bank account to get paid online, otherwise i would jsut used cash. I hope btc will be more widely accepted soon, having a bank account is a burden and exposes you to many risks (thiefs) Yes Internet is the most common with everybody even in underdeveloped countries. So there are a lot of chances to provide banking facility to each and every one who uses Internet. Bitcoin will provide such a opportunity everyone. That is the reason bitcoin is becoming the global currency. Yea but they will ban cash soon, so its not like an option anymore. Nontheless bitcoin is the real deal. Banks should be only depositors/ lenders , and not money holders. |
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Governments won't allow that. For now bitcoin is in its infancy stage, and it is more of a experiment, curiosity or toy so authorities turn a blind eye on it.
As they see that bitcoin is threat to national currency they will regulate it to the point it will be probably useless.
We will see about that. Funny how they allow blockchain, but ban bitcoin? They will have a lot of explaining to do to their voters. And as the economy gets worse and worse, i guess the majority of the people will turn to bitcoin. |
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I like how she is posing ,its like she is ready to get fucked |
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I like how satoshidice PR team is more active on this forum. Good job, keep up the good work, this is still the nr. 1 casino in my opinion |
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