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41  Economy / Economics / Re: Beliefs about money and wealth on: March 02, 2018, 05:44:55 PM
I believe that money is just a catalyst to the character a person already has.
With more money you are able to do more what you like to do.
If a person likes to take advantage of others, he will use his money to exactly do that. And in many cases he will be more successful with it due to the larger resources.
To others it will look like money made him greedy, but in fact he has always been that way, just lacked the opportunity to show it.
42  Bitcoin / Bitcoin Discussion / Re: Even after some good news why bitcoin is not stable yet on: March 02, 2018, 05:28:55 PM
Bitcoin is a crypto currency, traded on many exchanges all around the clock without weekends. I do not think bitcoin will ever be stable.
But when we look back the last two weeks, we did not fall beyond 9000 Dollars. I think that is really a great developement which shows we have a good basic demand for bitcoin.
A volatiliity of about 20% in two weeks, I suppose that is as stable as it gets for bitcoin.
43  Bitcoin / Bitcoin Discussion / Re: Switzerland Wants to be The Crypto-Nation on: March 02, 2018, 08:14:51 AM
What I find very interesting is that Switzerland is usually known for having a very big banking system.
And what we usually hear from the major banks are warnings about crypto currencies.
Ther government in switzerland does not seem to be impressed by that, although I am sure the banks there have a big lobby.
We can learn that banks and crypto currencies can develope parallel! It is not an either-or question!
44  Economy / Economics / Re: What happens when there is NO electricity? How does one trade with BTC? on: March 01, 2018, 09:23:28 AM
I suppose when we have no electricity the gold owners will say something like: 'I told you so!'.
Without electricity we have no access to bitcoin, it is that simple. So there is no trading.
But I think that having no electricity must have a reason, and I rather don't want to find out what reason that could be.
45  Bitcoin / Bitcoin Discussion / Re: Sell your house for investment in btc. on: March 01, 2018, 09:19:20 AM
Many people like their homes, at least I do. So I would not play with my home.
Selling the house does not mean the new owner will sell it back to you for the same price, or at all.
And then there is always the risk that the price of bitcoin does not develope the way expacted. What do then? live a year on the street? Or two?
No, this is a very bad idea!
46  Bitcoin / Bitcoin Discussion / Re: Crypto ATM - Would you use them? on: February 28, 2018, 08:39:31 AM
A few years ago bitcoins were hard to get so I was thinking about using one of those things.
Unfortunatelly the next one in my area was a few hundred miles away, so I never made it there.
But the difficulty in getting bitcoins, that has changed.
Buying bitcoin online is really no problem anymore, I would not use an ATM today.
And I suppose many others think the same way. So I wonder how profitabe a bitcoin ATM can be these days especially when I think about the fees they demand.
47  Bitcoin / Bitcoin Discussion / Re: $70000 Lost, Steve Wozniak, the co-founder of Apple on: February 28, 2018, 07:25:32 AM
I have read that he sold the coins and the buyer used a stolen credit card to pay for them.
After Wozniak sent the coins, the dollar payment that was sent by credit card was aborted.
Coins gone, dollars never received. Kind of bad luck, but actually not a very safe way to sell coins.
I suppose that Wozniak does not depend on those 70K, because he still has about 100 million dollars left.
48  Economy / Economics / Re: Generating Passive Income on: February 28, 2018, 07:16:16 AM
Hey folks,

I realise that the simplest way to make a profit on crypto at the moment seems to be just buying and holding Bitcoin, but I'm curious if there are any coins or tokens designed specifically to generate ongoing passive income for holding them and if so, how they work?

Appreciate any replies,
I do not know of any token that would be designed especially for that reason.
However, I think that the upcoming ETFs would be the closest thing to that.
They usually include a bunch of crypto currencies and all you have to do is hold them.
49  Economy / Economics / Re: Vitalik Buterin sold himself on: February 26, 2018, 08:41:03 PM
Don't forget that Buterin was talking about life savings. Only older people have that!
And most of the older people I know, they have no understanding of crypto currencies!
You simply can not encourage somebody to put an amount so important for him into something he has no clue of!
That would be wrong on so many levels!
50  Bitcoin / Bitcoin Discussion / Re: Beware of Twitter Scammers on: February 26, 2018, 08:23:32 PM
And they are using every opportunity they get.
Just when Elon Musk shot his tesla into space with his new Falcon Heavy 9, you could find exactly those scam attempts written in the name of Musk:
'Give me 0.2ETH and you get 2 ETH back, to celebrate the successful start of the new rocket!'
I really hope nobody actually believed that!
51  Bitcoin / Bitcoin Discussion / Re: Bitcoin affects students' performance in school on: February 25, 2018, 03:54:04 PM
I can understand why students use a lot of time for bitcoin.
Many of them have the first time in their life the opportunity to earn money when they start to invest time in bitcoin.
They see that they get real money for their work, while in school the best thing they can get are good grades.
Of course the grades are important for their life later, but from the view of a teenager, the money you get right now is important as well.

I know this won't work for every school subject, but maybe it is possible to include crypto currencies into the lesson. In maths for example that would work very well.
52  Economy / Speculation / Re: What's going on with the dump? on: February 25, 2018, 03:36:27 PM
Bitcoin moves up, bitcoin moves down, that's just what crypto currencies do.
There does not need to be a reason behind those movements.

But what I find really interesting is the empty mempool!
I don't remember when I have seen the last time such an empty mempool and so low fees.
Looking at the block size, many are not even half full.

Do we have a weaker demand at the moment?
53  Economy / Economics / Re: When will Apple accept bitcoins? on: February 25, 2018, 09:35:53 AM
I do not think that the big companies will accept bitcoins.
Large corporations like apple make huge amounts of revenue, so they would get huge amounts of crypto currencies as payment as well.
If they try to sell those large amounts, I assume it would have a decreasing effect on the price of the crypto currency they accepted as payment.
In the end that will lower their profit.
54  Bitcoin / Bitcoin Discussion / Re: Will it make sense if someone turned bitcoin into paper money? on: February 25, 2018, 09:30:47 AM
Just crossed my mind today. Will it make sense if someone will create a paper money equivalent of bitcoin? And the coins will be the smallest unit of bitcoin, Satoshi? Like the currency today?  I think it is okay if it became a globally accepted currency. And it will serve as a payment for everyday goods. What do you think?
If you mean to print a wallet and the keys to it on a piece of paper and use that as payment like a dollar note, that will not work.
The bitcoins are still on the blockchain and everybody who gets that piece of paper will have all access date to remove them to a different address.
Very soon the coins will not be anymore on the address shown on the paper, so the paper note becomes worthless.
55  Bitcoin / Bitcoin Discussion / Re: How do people get their bitcoins? on: February 25, 2018, 09:26:06 AM
I am part of a signature campaign where I get a few satoshis if I write constructive posts.
And the rest of my coins, I buy them. When there is some money left over from my day time job, I sometimes buy smaller amounts of bitcoin.
As a hodler I do not use my coins. I simply keep them in my wallet with the hope that their value increases over time.
Bitcoin to me are an investment in the future.
56  Bitcoin / Bitcoin Discussion / Re: As a beginner is it too late ? on: February 25, 2018, 09:14:55 AM
Bitcoin is now online for about nine years, Ethereum only for five.
I think that we are still just at the start of the crypto currency revolution.
So beginning right now surely is not too late!
But whether it is a good time to buy or not, that decision has to make everybody for himself!
57  Other / Beginners & Help / Re: mining or trading??HELP ME!!! on: February 24, 2018, 09:54:23 AM
You can start trading with nearly every amount.
Of course there is no guarantee that you will end up with profit, but if you start with small amounts you will very soon see how talented you are.
It might help to read some books that show clever trading strategies befor beginning.

Mining has the problem that the equipment you need is quite expensive. That means you have to make a rather large investment in the beginning and you still depend on the price for the coin in the end.
I think that mining is rather something for the more experienced user because there are many factors to consider.
58  Economy / Speculation / Re: Trading is gambling after all on: February 24, 2018, 09:41:11 AM
I would like to mention that even for exchanges ther is no 100% sure win in reality.
They have to deal with the side effects that a big concentration of crypto currencies in one spot has, and those are the hackers (inluding insider jobs).

Then I would like to add  that with trading you do not take money form others, they give it to you. And in return they get the desired coin which then can  be sold for an even higher price.
We live in an economy that is built on inflation, so selling the same good for a higher price over and over again basically has no limit.


59  Economy / Economics / Re: If the powerful governments wanted to, do you think they could stop Bitcoin? on: February 24, 2018, 09:23:34 AM
I don't see that stoping bitcoin completely is possible.
You would have to decomission every computer that runs bitcoin mining software, and those are distributed all around the globe.
What governments can do is to make it harder for the people to exchange bitcoin into the local fiat. But that's it.
Luckily most governments don't want to do that. Many governments have recognized the potential crypto currencies provide, and they see that most users are willing to pay taxes on their crypto profits.
That makes crypto currencies an aditional source of income for a government, while banks too often nearly pay no taxes at all and sometimes even have to be rescued with taxe money.
60  Bitcoin / Bitcoin Discussion / Re: Why People Can Not Believe Bitcoin on: February 24, 2018, 08:45:38 AM
I don't think it's all the people who can't believe in bitcoin, because then bitcoin could not have become what it is today.
But there is a group of people who don't want or can't understand the concept of bitcoin.
And it is mostly older people who have problems with bitcoin, I think because they have a different understanding of the concept of money.
To them money must be physical and backed up by a real good.
Bitcoin is a brilliant idea, they don't see the value in that!
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