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401  Other / Off-topic / Re: Bank or Bitcoin Wallet? on: October 30, 2015, 05:34:42 PM
Currently you still need banks. Hopefully in the future its only blockchain technology and cryptocurency.

Unless a Bank of Bitcoin would be established. Such bank would offer checking and saving accounts with deposits and withdrawls made in Bitcoin. They would also offer Mortgage services and the ability to request loans. Security would be even better than ordinary banks (I think) as they would store your funds on cold storage with encrypted private keys. Just my opinion.  Grin

 I think Xapo will go in this direction. Right now they don't offer enough services to be able to call it a "Bitcoin bank" but it's close. We still need all the special features a bank delivers. Personally I think being your own bank is still the coolest thing about Bitcoin but I understand that some people will be scared to be that responsible.
402  Bitcoin / Bitcoin Discussion / Re: Guys... I'm having this feeling again on: October 30, 2015, 05:28:52 PM
man those metaphors are way too stronk, i keep most of my coins in a paper wallet so id assume my coins are pretty safe. Anyways my seatbelt is on im ready to go to the moon

This time, we should go to the moon slowly, not like later 2013. Slow rise is good for the value of  bitcoin as a whole.

This is true, because with big and quick uptrends there seems to be a downfall, but as long as we fall but the floor is higher than the current one it's still good. It depends on how the whales are feeling. If they want to keep buying slowly, or if they start pannicking about missing the Bitcoin boat and buy a shitton at once driving the price to 5000+.
403  Economy / Speculation / Re: What is causing the spike in Bitcoin value October 2015? on: October 30, 2015, 05:22:55 PM
There is a great Zerohedge article about how the chinese are seeing Bitcoin as the salvation to move money quick outside of their frontiers with the ease of a click. Gold tens to show up on x-rays so it's useless. Cash will show up as well, stocks require identification and just don't cut it.. for the first time ever we can move money worldwide through the internet without any credentials. This is just insane and makes Bitcoin cheap at anything under 1 million dollars. I don't care if people call me insane.
404  Alternate cryptocurrencies / Altcoin Discussion / Re: The altcoins have started moving.. on: October 30, 2015, 05:20:33 PM
It involves way too much sheer luck to make profits off alts. It's better to go long term all in on Bitcoin, with a small amount of exceptions of coins worth holding such as XMR. But once the Bitcoin panic buying starts don't be surprised if most alts go down too because people will cash out to be on Bitcoin.
405  Bitcoin / Bitcoin Discussion / Re: Is there a way to earn at least $1 in BTC per hour? on: October 30, 2015, 05:12:59 PM
I find Adsense to be the "easiest" one simply because there’s a lot of info on it around the net and you actually see it in action on 9 out of 10 websites you visit. However, the fastest method is doing some freelancing work. After you can exchange paypal to bitcoin.

But Adsense's policies are a pain in the ass. You may be breaking the TOS and you don't even know it. They are super strict with it and a small mistake, just once, can get you banned *for life* and you can't join again unless you use a different name, a different location, and a different bank account. Insane if you ask me.
406  Alternate cryptocurrencies / Altcoin Discussion / Re: When will we have the #SelfieCoin? Having to take a selfie to send coins... on: October 30, 2015, 05:07:43 PM
There is a law in the crypto world (there isn't really, but im making it up right now) that says: "If you think about altcoin, 99% chances that it's already been done".
I actually can't find SelfieCoin so this is a 1% of possibilities of getting rich with a successful coin. Someone code it and see what happens. I may mine some.
407  Economy / Speculation / Re: Gentlemen, i think it's safe to say we're the new halving elite on: October 29, 2015, 07:36:15 PM
Nice timming OP. When you made this thread we still had a lot of doubters. "Ohh Bitcoin is doomed, it will never go 300+". Recently we are staying on the 300 range in a nice healthy way. I can't wait until June 2016 until all the doubters become panic buyers and the price goes higher than anything that would be deemed a sane prediction right now.
408  Economy / Economics / Re: Why has the world agreed that an ounce of gold is worth 50 U.S. dollars? on: October 29, 2015, 07:30:17 PM
You know, as silly as this topic was I realized something from it. 
 
When Nixon broke the dollar/gold link it didn't just hurt the dollar's value, it also hurt gold's. 
 
Such will be the fate with the dollar/oil link.

Not only the dollar/oil link but basically every other stock specially groups like S&P...

Imo when things start getting really shitty I would go 100% on Gold + Bitcoin (and some silver just to not be greedy). But stocks, don't look like worth an headache to me.
409  Economy / Economics / Re: Mastercard and Visa are at all time highs while bitcoin is bubbling on: October 29, 2015, 07:14:58 PM
Deprecated assets can bump too. Guess what has a doomed future but is about to go high again? Exactly, oil.
The markets aren't rational. The only thing we know is, Bitcoin is programable money, and only what's programable and can evolve with times will be sustainable and have real growth. Even if all markets are manipulated including Bitcoin, there are higher reasons to believe in the future with a Bitcoind mindset than a oil or Visa mindset.
410  Economy / Economics / Re: Let's Be Honest. We Are Waiting for $100/BTC to buy on: October 29, 2015, 07:11:31 PM
Let's be honest, we are all waiting BTC to reach $300 (at the moment) to sell it LOL

no, i would not sell a penny under the last atk, 1k-1200, for me that is the real bitcoin price, and i'm waiting for bitcoin to reach it again and remain there this time

then i can think about selling or keep holding

Bitcoin will go waay higher tha 1.2K before it stablishes a floor about that area. I can see a big mega rally that goes to something like 5K before it corrects back to around 1K-1.5K when the big rally happens. Remember to look at the chart and see how quick things went from 200 to 1200 last time. It was a matter of days. It can happen when least expected.
411  Bitcoin / Bitcoin Discussion / Re: CCTV: HK billionaire kidnapped and ransom asked to be paid in bitcoin on: October 29, 2015, 07:09:04 PM
This is why you should not flaunt your wealth, if you have any. By doing so you essentially paint a target on your back. Maybe not for a kidnapping of this nature but for various other crimes i.e. housebreaking etc..

People like to speak about the 'rich' friends they have and or people they know and you never know who is party to those conversations when your name might come up. So best to fly under the radar and keep your financial information to yourself as far as possible.


Indeed, I don't have these problems because im yet another 9-5 brick in the wall but if I was rich I would never flaunt it. I also don't recommend saying that you have any bitcoins to be honest.. you never know how high Bitcoin can go. If it goes to 100K or something then people may remember you once said "I have X Bitcoin" and they will know that now you are almost or a millionaire.
412  Bitcoin / Bitcoin Discussion / Re: Bitcoin at risk. on: October 29, 2015, 06:59:34 PM
The 7tps thing is a peak. To reach this peak we still have a lot of margin. No need to rush things, but sure, I like to think with a futuristic mind so we should get ahead of the curve.

In any case, big blocks are a death sentence for Bitcoin if it translates into centralization of mining, thats why anyone with some common understanding of all of this should be against XT and any BIP that raises the blocksize to ridiculous levels that would alienate the average joe running a node specially in countries that aren't as advanced.
413  Bitcoin / Bitcoin Discussion / Re: BitCoin vs other Contactless payment options on: October 29, 2015, 06:57:31 PM
All those "ApplePay" type of stuff is just the same old shit. All of the innovative and nnever seen before stuf you can do it Bitcoin gets lost as long as you still keep under the banking infraestructure. Only in a decentralized and open source scenario you can ever see stuff like side-chains flourishing and delivering new possibilities.

As for the actual experience, it's similar, you are paying with a phone. But it's what happens behind the curtains that makes it 1000000000 times more interesting and promising for the next decades.
414  Alternate cryptocurrencies / Altcoin Discussion / Re: Which crypto-coins are "investment securities"? Implications? on: October 29, 2015, 06:54:49 PM
Bitcoin had the best model to be honest. It got launched, everyone was free to access the software and start mining. Sure, the creator mined some, but who in hell would know that they would be worth anything? It was worth 0 back then. That's the main difference. Never will be the same post-Bitcoin. The scenario cannot be recreated. Now everyone is looking for "that coin". When people was back in the day playing with Bitcoin, they did it out of curiosity. The early investors mined and bought something that was basically worthless. They deserve a lot more Bitcoin than a guy that comes years later when it's stablished and very promising technology.
415  Bitcoin / Bitcoin Discussion / Re: What do you think about this comment ? on: October 29, 2015, 06:52:09 PM
It's still true that wealth disparity in bitcoin isn't good, but it's i think even have 1BTC makes you rich if everyone in this world use bitcoin.

If you own 1 bitcoin in the future, you are one of top 21 million rich person. So please hold and use your bitcoin to make bitcoin popular.

in reality you're much better off than that because several persons have thousands of bitcoin, leaving even less for the average joe.

Having 1 full bitcoin or more makes you quite rich compared to most others.

$300? it's a steal, even $3000 is way too cheap.

If bitcoin sees any success as a global currency it needs to be several orders of magnitude higher, there just aren't enough whole bitcoins for everyone to have one, and $300 is far too accessible for the average joe.
This a million times. But for some reason, people don't just understand this. They don't have a proper understanding of supply and demand. They can't see how the current marketcap is pathetically low and so is the price, it's microscopic. Wake up people, Bitcoin is cheap at 3 dollars, 300, and 3000. At 30k? Then we are talking something competitive. The opportunities to make mad bank with it are so high it's not even funny.
416  Bitcoin / Bitcoin Discussion / Re: Bitcoin CEO spent stolen funds to Buy Sex on: October 29, 2015, 06:50:15 PM
Ridiculous, this is the level of journalism that we have nowadays, people don't even know how to do some basic research to get their facts straight, how pathetic, I hope these guys get fired for spreading disinfo, morons!!
417  Economy / Economics / Re: Petrodollar to be substituted with goldbarrel? on: October 28, 2015, 04:24:48 PM
Even if the end game of oil is collapsing, im sure we will still see great gains out of it. The industry is insanely huge. The volatility will remain high, big profit to be made on there, but I think we will see more of an uptrend than a downtrend in the following months. Of course things change so quick nowadays that you are never safe with your predictions. My only predictions where I feel comfortable with: Bitcoin goes to moon in the very long term, oil collapses in the very long term.
418  Economy / Speculation / Re: Bitcoin surpassed $300 USD. on: October 28, 2015, 04:20:51 PM
Good news for OP (and everyone in here). I woke up at 308 dollar per Bitcoin. Some idiot just took a big dump and sold a lot of it just right now. The price is nonetheless holding strong at the 300 range. All those guys selling their stacks at 300 dollars thinking it will go any lower will enter on a severe depression state in the following months.
419  Economy / Economics / Re: Why bitcoin will appreciate forever on: October 28, 2015, 04:18:50 PM

Ruble need a couple of years to loose it majority of his value against dollar but have you checked the BTC price it can go upto 1000+ and can come back to 100 within a couple of months.

The market capitalization of bitcoin is still too small. It is still early stage of bitcoin. When bitcoin reaches the market capitalization of 1000 bn, the value will be very stable.

It will be stable even at 100 billion, or when more people will use it. Right now the big players are manipulating the market, once the distributioni s more even, it will have less volatility.

Distribution will never be more even because big time whales will not allow that. Market manipulation will never end.

Don't be so sure about it. Once big whales with different motives join the game, there will be a war of whales. Big capital vs big capital makes the manipulation way harder than it is now. Big capital, vs big capital, vs millions of small time investors, make it even harder. In the future, the majority of Bitcoin accounts will have less than 1 BTC, all of this market noise and constant worldwide transactions will make manipulation harder. Of course we are still on the early days, by then most people here will be retired if they held a decent amount.
420  Economy / Economics / Re: US Dollar collapse in 2015? (2) on: October 28, 2015, 04:02:29 PM
I don't think that dollar will collapse because it's the first most popular currency in the world.
I think that every year the value of 1 USD is deducted by 0.2%.
Which means that whatever you bought today with 1$ after few years you have to pay more for that.

Not in 2015, but it WILL collapse. The trends are set in stone now, there's no way this train cannot be saved from crashing against a huge wall of debt. The debt grows, while purchasing power of the individual shrinks. This is textbook recipe for an inevitable disaster. I hope that people has been stacking up their Bitcoin and metals game. Anything else just isn't safe.
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