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4341  Economy / Speculation / Re: $500 Within 2 Months? on: March 25, 2016, 05:48:04 PM
For a long time bitcoin is within a limit of $410 to $420. If this is crossed by the coming week we can expect a price to touch $500 within two months.
4342  Economy / Economics / Re: The Halving - Good or Bad for Bitcoin? on: March 25, 2016, 05:43:32 PM
halving can be good for us as investors if the price goes up high like it did last time and it will create a good chance for making a good profit.

but it also can be bad if it created an unstable price which might cause many to buy at the top and lose money and lose faith in bitcoin.

That's the fact of bitcoin. It had given good profit on halving during the past, so people expecting the same this time. Only time give us the right answer.
4343  Economy / Economics / Re: Minimum limit for buying BTC on: March 25, 2016, 05:40:31 PM
Most exchanges I have seen they have put a limit of 0.01 btc which is approximately 4 dollars to buy or sell bitcoin. but if you are talking about face to face exchange, I think the minimum limit can be anything depends on the agreement between the buyer and the seller

Yes, or exchanges specify a minimum transaction fee. So if you buy too few bitcoins, the fee becomes very high as a percentage of the bitcoins bought. Other than that, even exchanges don't impose artificial limits.

Yeah there is no limitation. Its the best factor of bitcoin getting splitted to required fragments. As quoted by above mate only the transaction fee makes some changes on receiving.
4344  Economy / Economics / Re: Long term OIL on: March 25, 2016, 05:36:03 PM
Oil crisis is expected to continue till the end of this year. Long term oil price fall has made most oil dependents under recession. Only growth is expected on oil price peak.
4345  Other / Off-topic / Re: Why would customers use Bitcoins? on: March 25, 2016, 05:27:15 PM
I think I know what you mean.
I would say that using bitcoin makes sense if somebody can't or (for whatever reason) don't want to deal with traditional finance.

So with bitcoin you can avoid cash, banks, debit / credit cards, etc., so everything related to "normal" money.
You can just pay for something "without" money. That's the difference.


Truly said, he can't make use of the bitcoin for his daily expenses as direct bitcoin acceptance is very low. At present the bitcoin usage will increase stores accepting bitcoin.
4346  Other / Off-topic / Re: Why do you have Bitcoin? on: March 25, 2016, 05:22:23 PM
I have bitcoin because it is convenient to send and receive bitcoins. Anybody can use bitcoin because it requires no registration at all, and it's so easy to use.
yeah it also makes it easier to send money to my relatives who are abroad. usually we use western union and it was very expensive. bitcoin very helpful and very cheap

At present just using as a transaction medium is not fair. Once the person who receive the bitcoin needs to change the bitcoin to local currency for regular use.
4347  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear? on: March 25, 2016, 05:15:26 PM
I bet bitcoin can because there is many bitcoin user now. And once many nations accept bitcoins
it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
Yes when the user base of bitcoin keeps on growing and the requirement for Internet money usage makes more demand, then there are more possibilities for bitcoin to make Banks disappear.
Yes worldwide most people and many countries already started to adopt bitcoin payments instead of their bank uses. The main reason for this, bitcoin has all the features required for more and demand like fast and secured transactions.
Maybe you're right, but the average person using the bank for the transaction and can not escape. Although they use bitcoin surely they also use banks to save banks. Banks disappears it is very unlikely and it was very hard going.

Banks can hardly disappear as most companies has affiliates with banks and some businessman owns a bank as well and company owner still uses banks to pay their worker through atm.
I agree. Banks will not disappear until fiat disappear aswell. And that's almost impossible (yet, i dont know the future)

If fiat still used, then banks will still be there aswell.

Banks won't get disappeared just due to the bitcoin technology. Even if everything goes digital paving path for digital currency too banks will be in use.
4348  Bitcoin / Bitcoin Discussion / Re: Getting porn sites to accept bitcoin on: March 25, 2016, 05:10:01 PM
I don't really pay for porn as everything I want is available for free. (Streaming or torrents)

But as I see some have pointed out, many people do pay. And Bitcoin is without a doubt, perfect for this kind of transaction.
Though.. I believe that most of the big porn sites accepted Bitcoin already. Perhaps I have the wrong information on this subject?

I too feel the same. There is a lot of sites which provides viewing free of cost. So why to try paid sites. Bitcoin usage in porn sites will probably increase the usage of bitcoin.
4349  Other / Off-topic / Re: Earning a living with bitcoin? on: March 25, 2016, 05:04:03 PM
It's hard to earn a living with btc. Except you do a really sucessful business or doing some services, living only with bitcoin is hard.

It's easier if you live in a third world country, but for europe and US? it's hard.

Living only with bitcoin is really hard as suggested by above mate. The varying bitcoin price gives comfort when the price is found high and life suffers with difficulty when price is low.

but the payers do not pay a digit of bitcoins they actually pay a calculated amount for the work they want so when the price of bitcoin will drop the payers will increase the amount of bitcoin.

That's not realistic. Prayers doesn't gonna make some changes in the price. Only the speculations about bitcoin by various users give the increase and decrease.
4350  Bitcoin / Bitcoin Discussion / Re: Is bitcoin being used for illegal activities on: March 25, 2016, 04:59:52 PM
Everything can be used for illegal transactions. Probably USD in the form of cash is still the most used tool for illegal activities. I guess EUR is the second.
yeah agree we can draw the conclusion that every currency is worth of course there is a mafia they conduct illegal activities. was reasonable in any currency so if you find on bitcoin it is reasonable
Every currency is used for illegal activities. No currency in this world is clean. Even bitcoin is dirty as well.

That's true. Every currency has various regulations but this has been overcome by users to make use in illegal activities. Even if certain regulations were formed for the bitcoin use it won't stop usage of bitcoin in illegal activities.
4351  Bitcoin / Bitcoin Discussion / Re: Bitcoin without Altcoin ? on: March 25, 2016, 04:48:48 PM
bitcoin can normally exist without altcoins and would be fine since it's the original, it already existed without altcoins before litecoin was made, I don't think altcoins can exist without bitcoin though.

Yeah altcoin might have not existed if there is no bitcoin. But bitcoin has grown up to this level only because of altcoin because they started competing with bitcoin.
4352  Other / Off-topic / Re: Earning a living with bitcoin? on: March 25, 2016, 04:29:38 PM
It's hard to earn a living with btc. Except you do a really sucessful business or doing some services, living only with bitcoin is hard.

It's easier if you live in a third world country, but for europe and US? it's hard.

Living only with bitcoin is really hard as suggested by above mate. The varying bitcoin price gives comfort when the price is found high and life suffers with difficulty when price is low.
4353  Bitcoin / Bitcoin Discussion / Re: Suggest me Safest bitcoin wallet on: March 25, 2016, 04:20:54 PM
Blockchain wallet seems to be the best for online usage than the other bitcoin wallet. Hardware and paper wallet can be used for enhanced security.
4354  Economy / Economics / Re: The future of the paper money on: March 25, 2016, 02:16:39 PM
Paper money is now many used. And that will not change later. I also know that Bitcoin will be more used now in the future.
But many people need also their paper money, because some people dont even know what Bitcoin do, so first we must promote Bitcoin.
Bitcoin is very far from this to become danger to system.
Best he can is to kill Paypal  Cheesy but, soon as he finished his new threat for bitcoin will show up very soon.
 This is good if we want some progress. We all know that many ideas from alts can be used and with bitcoins..

Bitcoin will always be a compliment to the traditional banking system, never a replacement. The main reason is that People don't treat it like a currency but a speculative asset.

This compliment would make the advancement in the banking system. Bitcoin has been considered as a speculative asset but now its been growing as a alternate currency.
4355  Economy / Economics / Re: Are electric cars bad for the oil industry? on: March 25, 2016, 02:09:57 PM
By the way oil need not only for cars so it's not a big influance.

This is partly right. Of course, oil is used for nearly all products we use in our daily life, especially for all kinds of plastic, cosmetics and even in some food stuff. But nevertheless, oil is mostly consumed to fuel vehicles.

Only a small percentage of oil is used in the cosmetics industry. So oil is much dependent on the automotive industry.
4356  Economy / Speculation / Re: Price settling at $420. on: March 25, 2016, 01:54:41 PM
For a long time bitcoin price is stabilizing around $410 to $420. Increase in price is expected by the coming months.
4357  Economy / Economics / Re: Is it better to save money or invest it? on: March 24, 2016, 04:46:12 PM
i think you have to split the owned capital into 40 percent to 60 percent
40 % for saving
60 for investing (Best way is to trade and own BTC)
thanks

That's a good calculation, but at present saving is a good option as halving is very near. This time halving would give good profit.
4358  Other / Off-topic / Re: Do you actively spend your bitcoins? on: March 24, 2016, 04:41:26 PM
I've not got such a opportunity to use my bitcoin as now not more physical stores are accepting.
4359  Economy / Economics / Re: Bitcoin replaces the money? Could happen? on: March 24, 2016, 04:35:27 PM
I think it can happen, If bitcoin keeps growing stably and steadily then it can at sometime get enough mainstream adoption to replace money, I don't think this is moving forward this rapidly though.

Bitcoin won't make money get vanished away. Only if bitcoin digitalization takes place only the usage of money get reduced.
4360  Other / Beginners & Help / Re: 0.3 btc in a week on: March 24, 2016, 04:27:26 PM
0.3btc in a week time is possible through trading and gambling. Signature campaign will not earn in a week it takes a months time.
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