If the price of gold will not change, according to you, then how is gold going up or down? I think gold is not going to skyrocket anymore. Either the fiat currencies all inflate and so the price of gold is going go up like everything else because money has lesser purchasing power. I think there have been substitutes with gold's special properties and they are cheaper. That makes gold not really so scarce that the price will skyrocket. I believe that the economy for gold has flat lined and the price is not going to sky rocket any time soon unlike bitcoin which is just in its early or baby stage so we can expect a lot of price surges in the future as more people learn about it.

Anyway there are other investments like opening up your own business in real life. I know that it requires a lot of effort and time but once you have established it, it will only require you maintenance. Plus, it will be a place that you "own". It will be a place where you and your friends can hang out freely since you own it.

Because he knows that he should diversify his investments. The economy does not revolve in cryptocurrencies. There are other businesses out there, and yes, they might not give you as much gains as bitcoin and they might make you more involved than with bitcoin, but it makes you learn. Seeing results with your own eyes makes you committed to what you are doing. In bitcoin, the only thing you see are numbers. Picture yourself looking at a building and knowing the fact that the stores in there are yours. Which one will make you happier? Seeing numbers or seeing results? For me it's definitely the latter.

Which make me thinking back then that I should also make my own business in real world because bitcoin is not guaranteed to go up in the future. Plus, it's something to do other than just staying at home, binge-ing while trading.

Here's a little announcement:


So I'm removing ICO campaigns that only pay when a certain amount of money is reached and won't pay otherwise. I will update the table tomorrow, kinda busy. Plus, Mitchell is not going to be updating the OP for a while so please keep an eye on the last page instead.

I believe that quantum computers will be very expensive and will only be available to the rich people. Like, really? You just bought a really powerful computer and your first thought is to destroy bitcoin? People are simply making money from this and we are simply making a community together, why would you want to destroy that? With the rise of quantum computers, a lot of digital stuffs can be destroyed and so as quantum computers become more public, it will be countered with some anti-quantum algorithm and companies, especially big ones and ones that involves money, will start implementing that on their system. If that's not going to happen, especially to something like bitcoin, then that can be the end of a lot of things.

I think what you should do is make a business first before stepping up your lifestyle. Like you said, you are going to be selling some of the coins to support your daily expense and pay monthly bills. That means, you're going to get money solely from your bitcoins. Eventually, the abundant amount of btc you have will deplete and it will deplete at the rate depending on the "luxurious" lifestyle that you have made. I think you should start by making a business first so you know that tomorrow, there's going to be food on your table without you having to sell your bitcoins. Remember that bitcoin is an investment but it's better to have a business that will support your lifestyle and leave only large expenses for your bitcoins.

But what about the saying, "What goes up goes back down?" Bitcoin have skyrocketed but we are still not sure where this will take us. Keep in mind that back then bitcoin also skyrocket up to $1200 and the price slowly went straight down to $200 for months. Now that we had the peak of bitcoin again, will it go back up or will is it going to slowly go down again? As of now, I see no other places where people can play trading better. People think that no one plays foreign exchange anymore but I think that if those people have moved to playing in cryptocurrency, then we should see much better price than this. I don't expect them to come here though because cryptocurrencies aren't backed by anything and aren't issued by any government.

Yes, afterall, not everyone is using the Internet. Afterall, not everyone is into innovation. Most people only do facebook, youtube, twitter, and instagram, and then some research for school works and such. You know, the usual. Most people don't do forum at all. They just do social media and carry on with their day. And I wouldn't argue that they are doing things wrong because I was like them for a long time until I really needed money for my study and for my future plans.

We are so far from the 1% of the total population and I wouldn't question that at all because people like to do different things on the Internet. Some people just want to play a game, gamble, watch porn, learn something, etc. Not everyone is trying to make money and not everyone is trying to learn about new things in the economy.

That's like saying a little bit of poison wouldn't kill you. It might, it might not. Who knows? I still believe that if you want to work on something, you should focus on that. On the other hand, not all of us have the luxury to support our dreams financially. For example, if I want to learn about photography. A good camera won't just be on my doorstep the next day. I still have to do extras to make money to buy that. But then again it might be "poisonous" to you. You can fall in love with bitcoin especially that it's giving us incredible results these days. You might fall in love in making money and end up not working on your previous plan.

It's just that sometimes your backup plan or your sideline becomes your main income. I know a youtuber who had a great job but ended up going all in on youtube because it pays a lot more and it's a lot fun to do.

Honestly you can always say that same thing every single year. Even last year. The adoption just gets better and better as time goes by as well as the price of bitcoin. Early this year, the price of bitcoin just got really really good. And it's only normal for us to expect that better days are coming. Young and old, poor and rich, we are all looking for an extra way to earn money and bitcoin allows us to do that. Even those that don't have to earn money are inclined to use bitcoin. For example, sending money abroad gives you less hassle with bitcoin. And of course there would always be people trying to store their huge money. They want things to be safe and sometimes a bank is a no go. Depositing in the bank gives them an idea how much money you currently have. On the other hand, you can't just hoard your money in your house. But now you have bitcoin which is a good way to store value.

I doubt that a lot. What types of collateral will blockchain accept? There are lending sites like BTCJam and I had an interest in investing in sites that are like that. I read, though, that it's not a good idea to do so. People are just using fake IDs. In case someone defaulted on the loan, even though he posted his ID and a picture of him holding the ID, then what? You are not going to fly to another country or do all of the trouble just to chase a couple of bucks, would you? In this forum, there are collateral being accepted but most of the time, it's only the way of the other person to get rid of that collateral. It's like a way to sell that item. And so we ended up in the way loans are given by trust alone. The lender thinks that a hero member wouldn't risk his account getting negged for a couple of bucks but sometimes that is just not the case.

There are even trusted members here that destroyed their trust by getting a loan and not paying.

I think with all that, the only thing that really matters is the fact that the value of bitcoin is increasing every now and then. Low fees? Banks don't even have fees when sending money. Maybe money remittance centers but the banks is always open. Sending money to a different country, just how often do you do that? I've never done that in my life and I think others too. Only people that do that are those works abroad. It's not really a choice for them to get paid in bitcoin so there's no saving them. I think there's really low real-world application of these "solutions" or more convenient alternatives. If you work abroad, you don't have the time to learn all these bitcoin thing just so you can send money with less transaction fee. Plus, where are you going to buy bitcoins? Converting your fiat money to bitcoin will be such a hassle.

Hmm, you can now pay your bills using bitcoin? That has been done by the banks years ago. You can pay bills online.

I think bitcoin is only good in the cyber world since sending fiat money to another person every time you do transaction is too much.

High risk, high gains is risky. True. But cloud mining and gambling bankroll are both high risk, but low gains. What do I mean by this? Cloud mining these days are nothing but HYIPs. They can stay alive for a long time because they pay really low per day unlike HYIP sites. Looking at the past, cloud mining sites have seemed legit until one day, according to them, they got "hacked". This is the most common reason for scam sites to run away. So yeah, in cloud mining it requires you to wait for a long time to get ROI and that gives the scam site plenty of time to gather more investors.

In investing for a gambling site's bankroll, it's kinda rare to see this honestly. Solid gambling sites are privately funded. One thing that you are not sure of is the gambling site owner can just run away or just play on his own site, do some cheats or tweaks and make himself hit the jackpot. At the end, it would looked like someone has been extremely lucky and made the site end up bankrupt.

I think this just simply brings us back to the law of supply in economy. Since everyone is rich and people don't want to do these things, they would have to pay others to do it for them and the pay will be high since no one wants to do it. For example, becoming a plumber seems like an easy job but very little are doing it because it's dirty and all. You pay quite well when hiring a plumber. Funny you thought about this because I have already thought this out before. Look at the people cleaning the streets, those people will be so hard to find in this case and so the payment for them will be very high. Plus, I think since everyone is rich, things will be a lot more expensive and eventually some people will go bankrupt. Things will be more expensive because no one wants to work in the factory anymore.

Eventually, people will go broke. We can go rich but that's only momentarily. You should expect a couple percentage of the population going broke in just a short period of time of being rich.

Same here, I think one of the reasons why bitcoin has become booming these days is because youth are looking for a way to earn money online and bitcoin allows us to do that. People also want a solid investment and bitcoin is one of those. Others are interested in investing to stocks or foreign exchange but there's just a lot of research for that and in investing online, your bank account details are needed so you can buy. In bitcoin, you can find a local seller or in other places, bitcoin can be bought by a machine in convenience stores.

Bitcoin has opened a lot of opportunities that people are looking for and I think that is the reason why bitcoin has power these days.

No point to let them stay at the table because: They are already closed for new participant and it will be the last week of their campaign. They are basically just waiting for the campaign to end unless they are going to hire more people which isn't the case.


For mind pass:

Any news?

All things are good until you realized you are just being delusional. Why would you trust rumors if you can take a look at the world and know for yourself that bitcoin is not going to take over the world? Yup, things are getting modern blah blah blah. But does that prove anything at all? We are just around a million in this bitcoin world. Maybe 2 million if we are being generous with the numbers. There's 7 billion people in this world. That's not even near 1% of the whole world yet people are already spreading news that bitcoin is about to take over the world currencies.  Funny isn't it. Once we use actual numbers, you realize that bitcoin is not as big as you think it is. Yes, the community is active but outside the community? People don't care about bitcoins. Others even know about bitcoin but don't trust it or don't have the time to study it. It's good to fantasize that bitcoin will grow so huge and we will all be rich since we're the first ones here, but I don't think it's going to happen in our lifetime.

But of course that is just me, who knows?

Major coins are the ones that have often updates. Some coins don't update at all after their ICO in this forum. They just vanish. Choose a major coin, buy it when the price has gone down. And then wait for the red days to be over and sell the coin. Rinse and repeat. It seems an easy thing to do but coins don't really go up and down to an extent that you're going to make money from them regularly.

I think investing is better than trading if you do know the company you are investing at. It's only good if you have knowledge with the business you are investing on, or maybe even better, invest at your own company. Regardless, both trading and investing requires good amount of knowledge for you to be in the safe side. There's no guarantee that you're going to make money but with knowledge, you can prevent investing in the wrong company or trading the wrong coin.

While I do agree that two currencies cannot be the main currency of a country, I don't really agree that the world is all about tradition. The traditional way might be sending money with dollars. The traditional way might even be physical fiat but that's clearly not the case anymore. In this modern age, people don't really embrace traditions that much anymore. People seek something new everyday and bitcoin is something new. It's only a matter of time before bitcoin gets considered as a "cool" thing and people will follow the trend. These days, people are into bitcoin because of the ridiculous gains it had given us in the past couple of months.

Another thing, I do agree that bitcoin cannot be the main currency of a country together with their local currency because bitcoin is not taxable. The country will have no funds and so they will be forced to ban bitcoins (which is quite hard to do, impossible even) or put a huge percentage of tax for fiat currency users, which will then of course force them to use bitcoins instead.

Well I do agree that most people don't even know what bitcoin is. Some might have heard about it, but not everyone is capable of learning things by their own. Some will just learn about bitcoin once it has become mainstream and there are tutorials out there that spoon feed everyone. I don't consider bitcoin to be a topic that should be learned by everyone. There are individuals that know about thermodynamics, philosophy, statistics, and so on.. but you don't see them expecting other people to know about it. It requires other bodies of knowledge and bitcoin is pretty much the same. Only thing is that bitcoin requires lesser knowledge that these stuffs.