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441  Economy / Economics / Re: How too get rich on: September 02, 2015, 04:27:16 AM
If you have a time machine just sell it for billions or go to the past and grab the gold and diamonts that were avaliable in open ground in the ancient times.

you can easily find where today-exausted gold reservoirs were in the past

Yeah one can dream if this was ever possible.

If it was I think the person would be crusted in gold, and eat diamonds for breakfast. loll.

Theres also lost gold in the war, and oil pipes that can be used as well for selling oil.

If one has the opportunity to go back in time, they'd come back by stealing gold? Seriously? You have the tool which can alter the future and change the past, you have a fucking time machine. Put more time into manipulating the world in order to save it. You have the chances to save so so many lives and you talk about coming back with gold and oil pipes to sell oil. wow man you guys totally lack imagination
442  Economy / Economics / Re: Is bitcoin dead? on: September 02, 2015, 04:19:04 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.
443  Economy / Economics / Re: Did Bitcoin Ruin Your Life, Or Help Your Life? on: September 02, 2015, 04:03:11 AM
Of course it helped me. Me and my sis has been using bit coin for financial needs for our mom. It's been 5 months since my sister started using bitcoin. And its been really really helpful.

How haveve you been earning bitcoin? Are you just trading it or investing it too? If your sister has much time on her hands, I advise you to let her take care of signature campaign so that you guys can earn some extra btc per month. Hope you do well mate Smiley
444  Economy / Economics / Re: Google Ad Revenue on: September 01, 2015, 03:37:16 PM
Some people actually make a living off of it, cause they got super lucky in the search engines.

But not like crazy amount the ones I hear about those stories. But, its better then nothing.

content creators on blogs and video creators on youtube make a lot of money if their content goes viral, and youtube often forces its users to more viral content which is already poor rather than promoting new videos like it used to much much before. Youtube has evolved a lot and generally made it very hard for new creators to be highlighted so often in order to maintain position and power to what's already benefiting them.
445  Economy / Economics / Re: What happens to the price of gold if 300 tons are dumped on the market? on: September 01, 2015, 03:28:13 PM
I'm waiting for a huge asteroid to crash to earth that is full of gold. Now that would effect the price  Grin.

I also think that person finding the train is just a hoaxer.

hey man, I best advise you to buy a bitcoin and throw it into the cold storage, so best of luck with that whole gold asteroid crashing into earth fantasy, I'd rather wish that something like what happened in the movie fight club takes place, everybody who has ever taken a debt is declared debt free due to the loss of significant details and data. yeah, a reset on the economy system is what I pray for.
446  Economy / Economics / Re: Do you think Bitcoins has a great future in India? on: September 01, 2015, 03:24:21 PM
No, because there are not so many computer users in India. India is very poor country, and in foreseen future I do not see any possible changes in India  Smiley

I think your wrong most of the indian educated people are technical graduates only not exposed to bitcoins. There are over 1.5 Million engineering pass outs in India every year but they do not have an idea of bitcoin use. As of now bitcoin market itself not matured and is limited to less the 4 billion dollar market. So lets think on how to grow first in developed countries instead India. I don't think even 10% population are using bitcoins in USA and other developed countries.

It is true, if all educated people in India wants to buy bitcoins then it will be bitcoin shortage in market  Wink  Where to go then?

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
447  Economy / Speculation / Re: I will not Die Untill Bitcoin will reach at Least 50K on: September 01, 2015, 03:20:33 PM
lol in a decade or more fiat will worth almost nothing, i dont think people will trade their bitcoin for worthless paper...

looks like no one remember how many things people buy decades ago with their salary in fiat and how much time they needed to pay their house  Grin

fiat infaltion is 8% per year, but the point is that they can simply print more and distribute more to their people, so if goods will cost more and you can buy less, they will simply increases your wage and you will be able to buy the same stuff as before, i doubt fiat will ever cease to exist, bitcoin will never replace fiat at best it can be used as a good alternative

That sound fair, the reality they never increase your wage most likely they are freezing it, at least in my country and soon in all world. And who will have a wage after all if technology destroy almost all jobs?

I dont think fiat will survive that transition to a super technological society, maybe bitcoin will survive that because computer are generating the blocks and you dont need to work for any centralise entity  Tongue

So what do you think the government will go when they see their fiat fail terribly? They'd get their hands on block chain technology and use it to create their own cryptocurrency which will strictly be centralized, they will have unfair power and monopoly again, something that they cannot achieve if they use bitcoin as their currency rather than creating their own, which is highly unlikely to happen.
448  Economy / Speculation / Re: We're on the knifes edge on: August 31, 2015, 01:04:51 PM
Not likely to go much lower. Very strong resistance at $200. You could hope for $150 at the VERY best.

yeah, for a while I was thinking double digits was possible, but I was unaware about the miner "break even" point being arund $180.  Makes me think we can bounce back down there, but then quickly bounce back up to this range of $220-$230

Exactly, and even if we touch $150, it'll boomerang back up right away. Nothing to worry about. The only thing that could destroy BTC is if a technical flaw was discovered that couldn't be fixed.

history being a proof of the words I speak, there is no technical flaw which cannot be fixed. Either it could be a challenge and the people who were designated responsibility of the project could turn to total kids and debate, go against the very fundamentals and create a new application which is a direct competition to the program, disrupting its core ideology. yeah, btc xt users can even be tracked so good luck to everybody jumping from core, good luck with that.
449  Economy / Speculation / Re: BTC is dropping fast, but don't panic! on: August 31, 2015, 01:02:15 PM
I was lucky not to get caught up in the panic and now I already to sell it at the price of $230  Cool Cool
If the price goes down,it will go up in few days because everyone will start buying taking advantage of low price.That will create demand and supply gap and consequently prices will go up.I hope it touches 1000 $ mark again so that I can make good profit Cheesy

I don't believe the price will be 1000$ again in the next few years. But finally if it will, everyone who believed in bitcoin will be rich.

See today ......... Everyone who believed in BTc is poor now ........ Don't give bitcoin pseudo-excitement

pretty sure people have made hundreds and thousands of dollars from early investments. Compare bitcoin to a shares of the company, sometimes a company isn't able to perform good and the price determined of the company is much lower than what it should be and sometimes much higher. Its all about swift and smart decisions, it ain't no long term lottery biz now, is it
450  Economy / Economics / Re: How Bitcoin Makes Banks Obsolete on: August 31, 2015, 12:55:44 PM
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.
451  Economy / Economics / Re: How many people are using Bitcoin debit card? on: August 31, 2015, 12:48:48 PM
I dont use one, don't even know how to use one, anyone is free to explain it to me .

Go to the bit x website and sign up for an account which will either benefit you with a debit card if there is an offer, otherwise you have to buy the debit card in order to receive it and enjoy its services. Once you receive the debit card, transfer bitcoin from any wallet of yours to your bit x wallet. You can use the debit card in any ATM store (selected countries) to cash out your bitcoins and give you fiat in exchange. Not really complicated.
452  Economy / Economics / Re: Bitcoin or Gold? What would you pick? on: August 31, 2015, 12:46:14 PM
I think that the US debt is denominated in $ itself, right? I mean in a situation where US is forced to pay its debt, it will pay that back in dollars and the value of that debt will vary as per as the value of dollar. That is a huge advantage as they can print more dollars to pay off the debt. Countries like Greece who's debt is calculated in Euros do not share similar advantage, because they don't have control over value of the currency used to denominate their debt. America is on a win-win situation, eh?

They are already employing this strategy. That is the advantage of having the world's reserve currency as your national currency. But at the same time, printing an infinite number of banknotes will increase the local inflation, and it will make the treasury bonds denominated in US Dollar less attractive to the international buyers.

the inflation of dollar can damage markets globally, because major markets depend on dollar and the value it holds. Also, I was wondering, if any major country, let's assume U.S itself adopts bitcoin as its national currency, wouldn't bitcoin face severe deflation if it is widely used? Reason being that the monetary base of bitcoin cannot be expanded to alter such changes?
453  Economy / Economics / Re: Do you think Bitcoins has a great future in India? on: August 31, 2015, 12:41:46 PM
Half of the population of India can not sign their name and you expect them to support bitcoin. Good luck to day dreaming. Cheesy

India is having a total population of 1,300 million (and growing at a rate of 2% per year). The number of IT professionals in India is more than the total population of Ireland or Denmark. So it doesn't matter whether a large proportion of the Indians are illiterate or not. There are enough tech savvy people in that country, to take the Bitcoin adaption to a higher level.

even entrepreneurial growth in India has been increasing and their involvement with cryptocurrency can boost positive results for bitcoin as a currency, disregarding about the rules, regulations, etc in India from RBI about bitcoin. I think that India has developed a lot in human resources as well. Good to see people choose diverse careers rather than just doctorship or engineering, a common case in India I believe, yes?
454  Economy / Economics / Re: What do you guess about he future of bitcoin? on: August 31, 2015, 12:37:45 PM
The closer Bitcoin's current supply is to the limited supply, the more it's price will increase. There will be more demand. That will certainly happen in the future. Just my opinion.  Roll Eyes

I understand your point, it describes the money supply about bitcoin in a nutshell. As the amount of btc which exists will never exceed 21 million, the money supply of bitcoins can exceed 21 million due to Fractional-reserve Banking. It is a long long time for 21 million bitcoins to be mined so yeah, don't really know if I should feel good or bad about your guess
455  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: August 31, 2015, 12:33:58 PM
Bitcoin is already a global currency in the terms of cryptocurrencies. Agreed.

USD is the only global currency atm tho.

LOL, Bitcoin can't replace USD, Bitcoin still a baby. i'm not sure Bitcoin can be a real global currency, it's just alt currency but it will big and will be a global alternative currency. the fact is there are still a lot people still choose a paypal than bitcoin, it's prove if Bitcoin can't replace fiat, but it became a global alternative currency.

Bitcoin is a baby but it has started to walk Tongue , i see especially my friends time by time are more interested about bitcoin but as anyone are afraid to invest because of decline. Fiat has it own place and can't be replaced by bitcoin but online bitcoin is competitive.

the best time to invest actually is when there is decline, a few weeks and there will be the same bubbles, same increase and decline and the cycle keeps repeating itself, its an investment and its volatile. Time to deal with it and make better choices than rant on forums question speculation graphs and authenticity of statistics.. Its not that complicated, man
456  Economy / Economics / Re: Government & Bitcoin on: August 31, 2015, 12:19:21 PM

With Bitcoin, the gov can't do manipulate, Bitcoin is transparant.

But i think there are the ways gov is do to refuse Bitcoin is:
- Made it illegal, it's means who do a transaction will be arrested, like bangladesh case CMIIW
- Made a regulation which the cost is high, like BitLicence
- Maybe some minions of gov hoards of Bitcoin which come from the crime, like police who hoards of bitcoin from the bitcoin crime

 A pissed off government might end up doing all of the above, but I don't think any bitcoin user would worry about being arrested for making transactions as their ID will always be private, as long as they are not cashing out/trading in exchange for fiat. I don't think banning bitcoin would have an effect on bitcoin if grass root adoption takes place among people for btc, which seems very unrealistic at the moment.
457  Economy / Economics / Re: How many people are using Bitcoin debit card? on: August 31, 2015, 12:15:34 PM

Well guys you motivate me to have a debit card, if i join tomorrow in their signature campaign am i allowed to have a free debit card?

I don't think offer is valid anymore but feel free to check at the bit x campaign thread as well as their website for additional information regarding the bit x debit card. You're a part of another signature campaign right, how's that going on for ya? Smiley


Have you tried to withdraw all your bitcoin to fiat cash through ATMs ? Because somewhere i read that it is limited to 70% and somewhere 90% both posts are from marcotheminer, is any of these true or it is 100%.
Are the fees as advertised or more than that from your experience?

I tried withdrawing all of my amount but it parsed error and says that permission is denied. The fees are exactly as how they are mentioned on the thread as well as their website, I honestly don't use the card as much as I thought I would when I was buying it.
458  Economy / Speculation / Re: I will not Die Untill Bitcoin will reach at Least 50K on: August 31, 2015, 12:00:13 PM
i think op is immortal or a zombie lol
50k is a high price to reach goodluck is only i can say Smiley

Nothing is for certain my friend, the market can have a huge bubble or crash the very next day and you'd be left commenting on threads about how fucked up volatility is. Statistics portray that it is unlikely for bitcoin to increase in its price value but if you look at older statistics, the price of bitcoin is supposed to be much more than what it is. Ofcourse adoption takes time, but its never impossible.
459  Economy / Gambling discussion / Re: Gambling. Is It Wrong? on: August 31, 2015, 11:57:49 AM
Gambling has has nothing to do with wrong or right! Many countries are supporting this industry, which can generate a lot of tax incomes for the gov! Greedy is humam's nature! Ppl want to get rich from it! Once they lose , they keep gambling to win back the loss! if they will , they keep gambling to win more. Then they end up losing more! The best to do is to avoid gambling!

nobody has the right to judge what is right or wrong and question other peoples' believes because theirs differ. Gambling, like all other activities, positive or negative, is a choice. A person makes that choice and only he is liable to suffer any losses or gain any profit. I hate it when everybody decides to be a morale police and talk about how life ruining gambling is.
460  Economy / Economics / Re: simple way to understand bitcoin on: August 31, 2015, 11:56:00 AM
Our trouble isn't explaining this to children, they'll be able to learn about it on their own, the trouble is the grown adults who are in total denial about it.

20+ year adults have the mentality of 7 year old children so you might have to explain to them in this way  Cheesy

Sorry but some people are just so ignorant or dumb that this way of explaining it to them could be the only one.

A person with the knowledge to drive a car also has the potential to cause accidents, destroy lives and create a huge mess, only probabilities matter. Having access to knowledge is always wise, because a negative mind with bad intentions find a way nevertheless. I believe I'd be a good father and drop better knowledge to my kids about gambling. They wouldn't fear it like half of the noobs here, but they wouldn't be addicted to it either, hopefully.
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