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421  Economy / Economics / Re: How too get rich on: September 03, 2015, 04:13:10 PM
getting rich is based on your goals
if you don't have a goal in life, then there's nothing to reach, nothing to attain

so if my goal is become a animal rescure person.. ill be rich? loll.

then again theres that guy who talk to dogs so called whisper and he seems to be rich. I guess it depends on the persons goals then.

well if that's the case then it depends on your definition of what is rich to you?
is it rich in material things like cars, house and money?
or rich because you are happy living a simple life and happy as an animal rescue person and you don't owe anyone money


Rich is defined as acquisition of wealth which could be in terms of cash, assets, investments, bonds, properties, shares, etc. Anything which increases the finacial worth of a person from the average crowd is considered rich. If you are talking about being an animal shelter operator or something, I wouldn't define you as rich no matter how happy or contended you are with your life. English is easy, there's a dictionary. Every word has a meaning.

Read again my post, I didn't say definition based on a dictionary.
If it's based on what is written in the dictionary I would agree with you.

Very philosophical thoughts which define excellently what is the definition of rich. But that what is needed people is not the definition but how to be rich. How to get rich? Needed ways to be rich. This is important. Then what is rich and how someone can be defined rich maybe is for another time. Can you write about how to get rich?  Wink

If I knew the very exact combination of being as rich as you are imagining I could be, you think I would be discussing it with somebody online? Come on, we all know that there are only 2 ways to improvise your financial situations on a macro scale: Invest or save. If both done efficiently and used as an advantage over a long period, it could only be beneficial. But then again I'm a dirty gambler and I'm living an awesome life so I don't really complain Smiley
422  Economy / Economics / Re: If Greece defaults on: September 03, 2015, 04:08:00 PM
really awful situation of Greeks . It makes viewers think about the situation the Greek people are facing and we may face it in the future.

don't really think it is as bad as people here make it to be. Are you from Greece and are you facing some problems personally due to the shortcomings of your government? I go to Greece so often and there has been no macro changes, people are still the same, places are still so beautiful and the food is still as delicious as it used to be. So I guess rant time is over?
423  Economy / Economics / Re: Google Ad Revenue on: September 03, 2015, 04:05:38 PM

That said I think if you put a lot of nature videos and places you visited into some sort of local travel guide you can make low budget stuff people view, some videos are cheaper than others to produce.
Filming a local film festival etc doubt it would get much rev though but I have no real idea on how much the going rates are.
Or try dailymotion since there is more than one that pays.

I think youtube is more about showcasing your skills rather than just constantly upload videos, a video gets more attention if it is specific and has an instant connection with the viewers, who later become the subscribers. If you have skills like dancing, acting, short films, sports, etc, then it is better to make that content which you're good at. What views can a really great drummer get on youtube if he uploads a video of him going places calling it 'nature'.
424  Economy / Economics / Re: Just wanted to post the break down of my investments on: September 03, 2015, 04:30:34 AM

I have known people who have used drugs and there might be so many who would be against drugs because they have seen so many people destory their lives for drugs but honestly man, I have LIVED with people who used to take specific drugs and they enhanced their lives with its use because they made creative use of their mind in the state, they didn't get wasted and trip. Everybody has a choice. Y'all should read books on gambling, there are many ways it can discipline your lives too, its just like a sport man.


I've known loads of druggists. When it comes to the harder stuff some are dead, many are zombies and almost all are lost souls.

I know one guy who can handle a weekend binge of hard drugs and then forget about it for several months. Most people aren't strong enough to walk away. Same goes for gambling.

exactly my point, some can handle it, some can't. Let the same person be a judge of what he wants to do with his life and his actios, nobody has the right to do moral policing and point down what is good and bad for a person, for the society, etc. I believe that one should experience everything in life, the positivity along with all the trials and troubles.
425  Economy / Economics / Re: Google Ad Revenue on: September 03, 2015, 04:27:41 AM
The odds of scoring it big with google is very slim.

Yes, there is success stories w. youtube, but very few will make those life changing figures. Not saying its not possible, but its obviously way harder then it looks.

Some took 3-4 years of posting non-stop videos prior to all that.

I think its really time consuming to produce content for youtube, you need expensive gear to shoot and a few helping hand sometimes if its a big project. You need nice actors, proper lighting, camera, sound and audio and editing takes so much of time. besides all that, a script is the core of every video, the content must be great. If any of these features are too little or too much, the video isn't good enough. So yes, its time consuming and wth what google pays, I don't think its really easy to make a living out of it if you aren't too good at it.
426  Economy / Economics / Re: Is bitcoin dead? on: September 03, 2015, 04:20:19 AM
The more people use bitcoin,the more it becomes stronger.Prices may go down but it value would always be higher compared to fiat money of many countries

it becomes stronger? I dont know about that man.

you can see how price movments are based on whales not us regular small time users. The value goes based on manipulation 90% of time seeing from bitcoin history.
When this era of "give away" is gone and most of the coins are mined,bitcoin will become more stable and hence strong

Every situation invites more speculation, the reason bitcoin is functioning right now is because there are opportunities for bitcoin to be given away, and people are earning bitcoins over the internet to support their life, that is the reason bitcoin is functioning. When there wouldn't be such opportunities, I think bitcoin would be demoralized and disregarded long before coins even get an opportunity to be mined maturely.
427  Economy / Gambling discussion / Re: Gambling. Is It Wrong? on: September 03, 2015, 04:16:56 AM
I think gambling is a personal choice, it can be wrong for someone with an addictive personality who will lose much more than they can afford, it can also be a good thing for tbe occasional gambler who loses only what they can afford.

 I know someone who was heavy into the horses and made big money only to lose it all, it has the power to make or break lives.

I hear more bad stories then good lol.

So I personally would recommend anyone who does consider factor those stories seriously, but obviously the person who does gamble give no fuks lol.

I think it is safe to say that we are nobody to do moral policing. Drugs are bad too, but some people enhance their lives with it. Everything in life is dangerous like gambling, man, even driving a car is. Doesn't stop billion people on earth to stop driving cars, now does it? You can only move forward and learn from your mistakes, deal with your losses and enjoy your profits. That's life.
428  Economy / Economics / Re: Is it better to save money or invest it? on: September 03, 2015, 04:12:36 AM
You park your money at a bank.Bank leases money to individuals and corpaorations.If bank can not collect the money bank, bankrup and you lose your money.So why do not invest and carry your own risk instead of carrying sistematic and asystematic risks of the market.

a very strong point which people often do not question, bringing further a statement saying that it is uncommon for a bank to default like that, and if it were so, there wouldn't be any banks. Banks are often those financial institutions which launder money between each other to close records and maintain power in the market by flowing money constantly.
429  Economy / Economics / Re: How too get rich on: September 03, 2015, 04:09:34 AM
getting rich is based on your goals
if you don't have a goal in life, then there's nothing to reach, nothing to attain

so if my goal is become a animal rescure person.. ill be rich? loll.

then again theres that guy who talk to dogs so called whisper and he seems to be rich. I guess it depends on the persons goals then.

well if that's the case then it depends on your definition of what is rich to you?
is it rich in material things like cars, house and money?
or rich because you are happy living a simple life and happy as an animal rescue person and you don't owe anyone money


Rich is defined as acquisition of wealth which could be in terms of cash, assets, investments, bonds, properties, shares, etc. Anything which increases the finacial worth of a person from the average crowd is considered rich. If you are talking about being an animal shelter operator or something, I wouldn't define you as rich no matter how happy or contended you are with your life. English is easy, there's a dictionary. Every word has a meaning.
430  Economy / Economics / Re: Tell me your predictions about Bitcoin on: September 03, 2015, 04:06:34 AM
Everybody seems to think that Bitcoin will just keep growing in value over time....I'm not so sure of that prediction.  Are new technologies being considered?  Yes, I loved my old Commodore 64....but it just can't do what my laptop does....right? 

but heres the difference though, bitcoin is the only thing thats really unable to duplicate.

unless you find another satoshi nakamoto and recreate it for something else or a similay system. this technology itself is rare.

Are you sure? I think that in future bitcoin can easily be duplicated and have a very similar system, an exact replica of the technology too maybe, but that would be similar to someone creating an exact replica of facebook. Will people give it a look? Yes. Will people migrate to facebook or stop using facebook? No. Facebook will always have a giant monopoly in social media largely because they are able to maintain and control the market.
431  Economy / Economics / Re: We've started mainstream adoption - Pension considers Bitcoin investment on: September 03, 2015, 04:03:02 AM
it's definitely good news, but let's not get excited too quickly right now. they are just exploring the possibilities, which for bitcoin is a great achievement. at this point there are far too many negatives. i hope this isn't the last thing we hear from them regarding bitcoin.

not to mention it is only related to one country, until these kind of good news take the rest of the wrold with it, i won't see it as a really good news

i mean if my country isn't following this route why should i care? the same for all the others

Pension funds have large amounts of cash and even if the pension fund of one country decides to invest, it is good news. But then again, they are looking at investments in bitcoin and blockchain companies, not Bitcoin.

why would you expect a pension fund to invest in bitcoin, they however do seem to take interest in block chain related ventures and bitcoin related companies for investment, which will also result in more bitcoin trade than before, more fiat exchanged for bitcoin which also increases the price of bitcoin and also serves as positive media about bitcoin Smiley
432  Economy / Economics / Re: What do you guess about he future of bitcoin? on: September 03, 2015, 03:58:41 AM
The future of Bitcoin will be determined whenever a celebrity/actor starts using it in a movie, then everybody would want to own and use Bitcoins. After all that, Bitcoin becomes mainstream and it would be happily ever after, the end.   Roll Eyes

Why have a celebrity using Bitcoin in a movie, when you can have a movie about Bitcoin?  Tongue
Bitcoin has enough factors (Satoshi's mystery, Silk Road, overnight millionaires) to make a blockbuster.

also movies are a bit garbage lately, they are remaking old stuff with bad actors and cliché all over the place, plus many stereotype charachters
the last good movie was Mad Max that's all, i see instead a great way for bitcoin in sinergy with anime and videogame

There have been so many good movies after Mad Max, even ones in the same movie genre, dude you should use IMDB and watch better content man. And video games have a limited audience, movies are something which shares larger demographics as compared to video games. I think involvement in movies and games can get bitcoin some good recognition.
433  Economy / Economics / Re: bitcoin investing on: September 02, 2015, 05:22:08 AM
I generally loan bitcoins for small % of interest to grow and earlier used invest in ponzy schemes but not now. They started SCAM people from day one itself.

Well what else would you expect for a ponzi to do lol.

I mean the word ponzi itself should be obvious, and if youre supporting it by giving it loan means you should know this? lol.

I think he thought he'd bate more people in and take a quick buck out as ponzi scheme can still be extremely beneficial if you are a part of it at a limited time and exit at an appropriate time. Its always good to be early, its v unlucky to be late. Poor guy got scammed from the first day itself that's why he mad Tongue Haha, invest in better things bro.
434  Economy / Economics / Re: Is bitcoin dead? on: September 02, 2015, 05:18:20 AM
I think , when peoples stop comparing the bitcoins with fiat currency and use it as only bitcoin. Then there is some chance that bitcoin prices will go higher.

that can only happen when bitcoin ensures its own value in the hearts of people, and that is possible when bitcoin is given either equal importance or more preference as compared to fiat. Now that only take place when there is mass adoption and all people would want bitcoin equally as much as fiat or vice versa, which is a great scenario as compared to 'replacing' fiat completely because that is highly unlikely.

I still remember those days when btc was $1000 above and I was a newbie struggling for earning some bitcoins from faucets.  Those days are really  a golden one.

I still cannot understand that what is the exact reason for decrease in btc prices so low.

The price I remember being so low was similar when Gox existed, but even after that being gone, I think it also has a lot to do with Mining conundrum. Miners deserve more money than what they get, man. Why will they still mine then? More drama with Core vs XT and the whales constantly making their waves creating bubbles and crashes. Dayum.
435  Economy / Economics / Re: What do you guess about he future of bitcoin? on: September 02, 2015, 05:11:20 AM
The future of Bitcoin will be determined whenever a celebrity/actor starts using it in a movie, then everybody would want to own and use Bitcoins. After all that, Bitcoin becomes mainstream and it would be happily ever after, the end.   Roll Eyes

Why have a celebrity using Bitcoin in a movie, when you can have a movie about Bitcoin?  Tongue
Bitcoin has enough factors (Satoshi's mystery, Silk Road, overnight millionaires) to make a blockbuster.

A lot of celebrities have already been much involved with bitcoin. Ashton kutcher has invested in bitpay, Nas the rapper has invested in Coinbase and big technical giant company CEOs like Bill Gates have talked about it, Warren Buffet too had something to say about it. Everybody has something to say about it, if celebrity involvement had to boost btc, it already would have.
436  Economy / Economics / Re: Low BTC price is good for Bitcoins at the moment. on: September 02, 2015, 05:08:48 AM
NO not relly if the user is not in United States then what you are saying dosent applies here.
for the people who live in asia and who earn 300 $ per month and live their live with that.
what about that ?

Im from asia 300$ /month is enough for me Smiley
the cost live not high like in US, i can live with 150$ /month

I am a thrifty person and I am a person who likes to save my money

damn, make mes want to move to asia.. I pay $2k a month for rent alone in california.

And thats outside from the basic bills.. etc.

Yeah, USA is one of the highest costs of living in the world. On the other hand, countries like Indonesia, India, Venezuela, etc. all have costs of living low enough to where doing work on the forums alone can give you a sustainable wage to live off of. That's one of the great things about Bitcoin IMO, there are many microtasks available that provide legitimate wages to people in less developed countries.

Yes, today is the end of the one month I have lived in India. I think a middle class person needs to earn 25,000rs i.e around 400 dollars a month to secure a comfortable and decent lifestyle which covers up everything. Imagine how much it can benefit the poor people, earning 1 bitcoin from the internet can really lead them to an advanced lifestyle than how they currently live
437  Economy / Economics / Re: What can greece central bank do? on: September 02, 2015, 05:04:27 AM
They can't do much. The whole situation with Greece will implode  in the future. The EU will keep lending money until the rest of the EU gets fed up and starts Riot in order to block further loans to Greece. Only the people can stop this whole mess, but since people get a paycheck, house, car etc they won't care at all once one of this is in risk to disappear the people will wake up and say enough is enough with the greek loans.

So what do you conclude that how it all ends for them? Does Euro eventually cut off with Greece and take over their land? Does Greece sell it off eventually and then further proceed to be more irrelevant? Does somebody else fund Greece in the future to keep them alive, up and running? Does Greece somehow magically discover a great source in their country and boost tourism and expand economy and be half as much as the great country they were once believed to be? Tongue
438  Economy / Economics / Re: How Bitcoin Makes Banks Obsolete on: September 02, 2015, 04:57:20 AM
I am sure in the future when any form of crypto/virtual currency will take the lead there will be digital banks (even though it is totally not needed).
Virtual banking will be our reality just because banksters and corporation will make it look trendy and needed so people would follow.

The other one would be to totally ban bitcoin, and setup a spygrid tracking everyone who uses bitcoin and putting them into cages.


Assuming that such a situation could only takes place when mass adoption is taking place regarding bitcoin and banks can definitely feel the heat, publicly determined to eliminate such a service labeling it a scam and hence determined illegal. Idk how the govt can have the power to track every bitcoin user, I thought the btc technology promotes anonymity and protects users. Oh, and once such a mass adoption would be taking place, let's assume around 10 times than the population of users now, good luck trying to arrest 5-30 million people, maybe more.

They dont have to arrest 30 million people, its enough to arrest 100-200 of them to make an example and every other person will just obey.

Thats what always happens in any crime, if you were to arrest every person on the planet that has comitted a crime, no matter how small then the planet would instantly turn into a prison planet.

Funny though we already live in a prison planet, so i think justice has already been served... Cheesy


==

But joke aside, that is how population is controlled, you make an example of 1-2 people, then the 1 million other sheeple will be too scared and it will obey.

When bitcoin first came out, it was advertised how people will take charge and stand up for themselves, creating an economic evolution and becoming their own banks. Now, you're back to the same mentality you were conditioned for. You are talking that if we stand up to something which is right, we will be arrested. The government doesn't run the country, the people run the country. Talking about India, if 125 million people want something, that would be democracy speaking. The 60 something appointed people won't be defined as the govt
439  Economy / Economics / Re: Is it better to save money or invest it? on: September 02, 2015, 04:47:55 AM
-snip-
its only on the company that you invested not totally the investing is a sort of gambling, theirs some but most of the company or most of investors invest in successful company and they know that company is good and they can assure that their money will earn profit.
Save money, then invest in Bitcoin. Forget that money. 5 years later check the price again. Ta-da! Your money is 10 times more now.

In conclusion i think the best way is to save money and later invest a part of it (mostly 20-50%) and wait for the profit.

I think even investing 50% of savings in more volatile products like btc and shares are bit risky so put more of them in less risky products.

its better then no risk though.

theres that saying where the biggest risk is not taking a risk at all.

I think it would be better for you to invest your money in govt bonds and let their value increase slowly, the government always has to pay back the money and that would be much less riskier, if you are afraid of volatility. Otherwise you could go to the banks and get interest but looking at inflation and thinking they'd be giving my money to someone else, I'd rather not.
440  Economy / Economics / Re: Do you think Bitcoins has a great future in India? on: September 02, 2015, 04:45:47 AM
The literacy rates in India too have been growing tremendously anually. I think that even if the English speaking class displays interest in bitcoin, it could really be a nice opportunity for bitcoin to shine. 10% of India speaks the English language fluently, leaving a market of more than 125 million people. In fact, India’s population is more than the combined population of US, Russia, Canada, Mexico, Brazil, Argentina, South Africa, Japan, UK, Germany, Australia, Italy, Spain and New Zealand! Wink

Corruption too is high in India. Wink
If a small portion of bribe payments were routed through bitcoins, the price would receive a massive boost.

and the image of Bitcoin would be hurt even more, and probably BTC would be banned in India and other places.

Like Silk Road, Gox and drug dealers aren't enough

luckily though, they havent experienced any of these situations, like most have.

so I hope that those past history lessons just dont resurface and focus on the better parts of bitcoin.


I was questioning 'what-if' there is already bribery being exchanged in India in terms of bitcoin, what if there is tax fraud taking place in India more often then what people know? There has been increase in bitcoin owners in India from the past 3 years, even bitcoin ventures are functioning through India, there is VPN and many ways to hide IP and ID, I think there is already trade in a more smarter and secret class of Indians
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