Nothing wrong with taking profits, but to exit the Bitcoin market entirely seems a bit hasty.
Kid has got a head start on life, but $100k isn't very much especially after taxes.
Long Terms Caps Gain Tax is something like 15%. Even if the tax guys take a cut of $15,000, he will be left with the remaining $85,000. More than enough to start a new venture, IMO. He can retire @ 45 if he invested it wisely now  His new business is https://botangle.com/how-it-works : Joined members 1304 Botangle with a B like Bitcoin; it will sell for millions once it picked up The site looks very professional. I think the kid hired staff to help him run the site. |
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How short sighted people can be? Everyone is talking about ghash....ghash this, ghash that. It's not ghash fault! They are doing their business, and doing it really good! If you want to blame anyone, than blame bitcoin protocol or, even better, people that maintain it and refuse to change it so 51% attack is prevented.
It's like noone knows that 51% situation already happened before ghash. And still, people that have power to fix it, are not doing anything.
So on one side we have pool that does it's job and on other side we have people who have power to fix problem at the source. Who should we blame....i know...let's blame pool. How dare they doing their job THAT good?!
(I'm selling pitchforks and torches if anyone is interested...0.001 per torch, 0.005 per pitchfork)
Unfortunately you are correct. Ghash is very customer focused. Most other pools are run by people who are more technical focused, who understand the mining process well but have trouble with the advertising/marketing side of things. |
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It's pretty easy to get internet under a fake name.
Even if you signed up under an alias wouldn't your IP address still be associated with you house/apartment? Yes, and what if you rented in the same fake name? Before someone says you can't pass a credit check for a place with a fake name - you can rent without doing a credit check. Just tell the landlord that you don't use a SSN on principle (Its a welfare program. Why invest in a corp that's trillions in debt? Underage contract..etc, etc). Some landlords, especially if they're desperate to rent, will let it slide. Others can be talked into it with a large enough deposit. That sounds a lot like identity theft. |
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the legitimacy of marriage. i glanced over a few legal things: so here goes (read my disclaimer in my footer) to avoid the whole state/church licence stuff there is a 'banns for marriage' thing which is about publicly notifying your intent to marriage, so that anyone who can see any reason why the parties involved should not be married can be notified. so before doing a blockchain marriage certificate you should 3 weeks prior, do a public announcement of intent to marry. .. and whats more internationally public than the blockchain  the licence thing is normally to shorten this delay. i have not yet researched the ceremony itself but in general as long as its publicly shown that both parties have committed themselves to each other, then a marriage is valid. (please check local law of your area about requirements of ministers/registrars) From what you have glanced over: have you seen anything about the notification requirements? Is there a minimum number of people that generally would see any such notification (like newspaper circulation)? |
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My advice to you is to not touch your computer starting now.
You can visit a Best Buy or other computer store and they may be abel to recover your wallet.dat file
Concur - partially. Please don't go to Best Buy... you might as well hire a student. You can actually do this yourself - it's windows after wall  There's light at the end of the tunnel. I was giving Best Buy as an example that hopefully most people could relate to. I think that there are a lot of very smart college students so I wouldn't say that hiring a student would necessarily be a bad thing. |
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Running a cloud mining company could be very profitable but you'll have to stay on top of the industry.
Running cloud mining companies is a very profitable endeavor. They are able to sell their GH/s well above the market rate, buy their machines in bulk, allowing them to buy at a discount. Then their overhead (electricity/maintenance) is automatically paid for by their customers. |
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i dont thing so, the whole point of bitcoin is annonimity, and creating a new address each time u use bitcoin.
the reason u know some of the addresses is that owners are not hiding , f.e. they have their info public.
The point IS NOT anonymity it is Pseudonymity, people can still see your transactions but it is hard to figure out who youre sending to and why. Or if you are even sending funds to another person (inter wallet transfer, transfer to a different wallet) |
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I don't know about the other exchanges, but monthly revenue for BTC-E is somewhere in the range of BTC2,000. That means around $1.2 million per month and $15 million per year. Don't know the net income.
That is huge profit for an exchange. No wonder no major exchange want to offer equity. Offering equity would, in itself create huge amounts of additional expenses (shareholder relations, reporting, and the like) and most exchanges would not likely be able to fetch a valuation that could account for taking on those additional expenses. |
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...the last option is to sell stuff to get paid in BTC.
What do you mean by "sell stuff"? If you have some level of technical expertise you could sell some kind of services that you can provide electronically on these forums. You could sell misc items that you no longer need on Craigslist (yard sale type items). Anything else that you would normally potentially sell for fiat |
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I'm still not entirely sold on the reason to use mixers yet. I think in the future they will definitely be useful, but I feel like btc is still at a stage where it isn't rally being tracked all that efficiently in the first place.
Even if your TXs are not tracked now, they could be tracked in the future as all TXs are stored permanently on the blockchain I definitely agree with you, that's why I said that I think it will definitely be useful in the future. Governments now are basically struggling to fully understand BTC, so they are not fully onto the surveillance yet... But any TX you do now could be traced back to you in the future via more advanced methods of blockchain analysis. The government does not need to "watch" you now because they have a history |
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Disappointing to see that over a quarter of the people in this forum still haven't got a clue about how decentralised currencies are supposed to work. The two possible correct answers are either 'NO', or simply not bothering to vote for an option at all because stupid poll is stupid.
Go and start your own Tardcoin that isn't fungible if you want to be able to block transactions and balances. You don't belong here.
It's just over a quarter of People, who look into this thread. There have been so many threads about blacklisting coins and all the good arguments against it, have also been used many times. So, I think most experienced users are just ignoring such threads. Yes, fingers crossed you're right on that one. Perhaps the people who voted in favour of blocking coins, or said they weren't sure haven't been around as long and are still new to the concept of crypto. Thankfully there's enough old hands around to make sure it never actually happens and terrible ideas like the one in the OP never become a reality. What if the votes were just "voting spam" of people that just vote random answers on polls on these forums? I have sure seen stranger things Voting (and laws) are not a necessity when society builds a consensus on those matters. eg. FUCK THE ESTABLISHMENT. In order for society to build a consensus wouldn't there need to be some kind of vote? |
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This may be ideal, but there is no real way to achieve this (everyone to be rich enough to be satisfied).
People will always have varying levels of skill levels and work ethic. This would undervalue people who have high skill levels and work ethic while overvaluing people on the opposite side. Generally speaking in order to be satisfied most people would wish to have something above average.
That seems to me to be more a question of education/values than anything else. Personally, I wouldn't care how much I made compared to others, provided I had enough to live and had a work I really liked; I don't think money is necessarily the best incentive. It isn't that you don't make more then others. It is that in order to buy what makes you comfortable you would need to earn more then the average. |
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there is no such thing as no ROI in mining, some people will make ROI or else no one will buy a miner.
If no one buys a new miner for long enough, difficulty will not increase (because only old miners are mining), while the technology improves to create more efficient miners. This will lead to mining being profitable again. Than people will again buy miners, until it becomes (close to) improbable again.
You're wrong. This is the cycle of mining: 1. Asic company develops new miner. 2. Asic company mines with new miner. 3. Having used up the best part of it's profitability, Asic company sells miner to end user for more BTC than it will ever generate. 4. End user mines with it indefinitely because the cost they payed is a sunk cost so why not. So you see, it is very possible following this model for mining to never be profitable for "ordinary" people, while at the same time new asics continue to come out and drive up the difficulty. Since really, only steps 1 and 2 are needed for difficulty to go up. This is how it works now. ASIC companies are testing the ethical limits by mining with the preorder miners. The preorder funds should be used for product development only, once the products are developed and determined to work per their standards the machines should ship. |
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Doesn't have to be a bit coin auction site though. Those are ebay fees and how they make their money even if they accepted BTC it would still be the same.
Would eBay or PayPal accept digital currency, it would be the end. eBay and PayPal is a "legal" criminal organisation. It's not about the fees, every one can ask as much fee as he want, but no one can open a business without an address or a company license..., except eBay and PayPal! Try to find their contact details, business registration number or company address... You can't ! Typing in "ebay" into google and the right hand side has a box with details about the company. Among the details is this Customer service: 1 (866) 540-3229 (Consumer) It looks like you don't even need to go to their website to get their phone number I can assure you that there is no address information about eBay or PayPal in HK. In HK? Do you mean Hong Kong? That is a very specific request to be making for such a large company. What if they don't have any physical operations there? There would be no reason to have an address. |
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Starting posts: 122
Bitcoin address: 1KDsQ4ZpJZ362NvAo7KZgP77rQWYmUj4dU
Original signup link: https://bitcointalk.org/index.php?topic=291387.msg7268933#msg7268933I had requested payment and signed up on the google docs form on the 17th, at the time I had 753 posts. As of the last list of who has signed up, my name is not there. I signed up and requested payment a 2nd time earlier today, I input my current post count as 753 posts as that is what I had when I originally signed up via the google document. I just received payment for my post count of 753 (276c17b57d209baafffd72f92c5522e6b7ae38365f041c9ac3dded253a42dacd). I just wanted to confirm that I am signed up correctly. |
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It's impossible to buy 3M$ woth of BTC from the exchanges without creating a "huge" price spike.
And it's a "good thing" that same works in another way. Whoever buy that BTC can not sell it all at once on exchanges without loosing HUGE amount of money. Best they can do is set up sell wall that will hold price at some max for long time (untill it all sells). Noone is stupid enough to dump large sum of coins on really shallow exchanges and loose his investment. They would likely not buy the bitcoin simply to sell it on an exchange via a "dump" although they may attempt to do an arbitrage. |
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Well you didn't get that well. BTC is not paying interests, since you don't lend them to anyone. But you can make money like this way:
1 buy btc at 500$
2 sell btc at 600$
3 buy btc at 550$
4 sell btc at 650$
or any other way that you make more than you paid for it.
It can be very difficult to accurately predict the highs and lows of any market, let alone the bitcoin market |
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What exchange allows this?
If any such exchanges do this, whats the best rate?
I need some BTC as im wanting to invest in other altcoins.
You can use https://coin.mx/They have very low buy limits as they are at a high risk of fraud. I think there are a few other sites that will sell via credit card but the prices are much higher then the exchanges as they are taking a lot of risk to be scammed. Coinbase allows you to link you bank account and use your credit card as a backup if your bank transfer is returned NSF Yep, give coinbase a go OP. Ironically the OP would incur huge bank/NSF fees if he were to truly use his credit card to purchase from coinbase |
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A wide low fee index fund. Buy the S&P500 or something.
I would not call the stock market "low risk" |
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From a merchant standpoint, cash = no fees. From a consumer standpoint, some level of anonymity with purchases. And some business still take only cash, as ancient as it sounds. My favorite Thai restaurant is cash only. There are costs associated with cash. For example employees can make mistakes giving change or steal from the register both of these can add up |
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