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601  Economy / Economics / Re: Effects of bitcoin expansion on the business of exchangers on: August 22, 2015, 05:04:46 PM
It does not make any effect! It helps business groups by making business with other people,countries.

more acceptance at wider parts experiences ease of transfer of funds and more business because it will also interest bitcoin acceptance system. Their will also be more trade if more people accept bitcoin, especially business groups, etc and they will make good money with proper investments.
602  Economy / Economics / Re: How can btc make a difference? on: August 22, 2015, 05:03:03 PM
btc can help the powrful man to move large amounts of money fast and easy...i nobody can find ho do that

This is one of the best feature of the bitcoin and with very less fee one can do big amount transaction but this is not possible in banks.

Anonymity is one of the best features of cryptocurrency technology, and financial institutions will never accept such a technology which destroys their very existence by giving all the power of a financial bank right into the hands of an everyday user making them their own bank. That's a great reason to fall in love with btc, anonymous and freedom are its very prime features.
603  Economy / Economics / Re: Will a bank being hacked boost adoption of bitcoin? on: August 22, 2015, 05:00:58 PM
No, It does not happen because banks are fully secured eg: central bank etc. So there is no need of adopting BTC..

nobody is adopting btc because of they expect bank backs will boost btc, yes it might tarnish the amount of trust people invest in it, especially affecting the market negatively causing panic. Its volatile nature already scares people and knowing how sensitive the crypto market is, I don't know how things work out but I hope they will Tongue
604  Economy / Economics / Re: Biggest personal bitcoin loss on: August 22, 2015, 04:58:26 PM
well when I was a noob I did some common mistakes like everyone did..I showed my intrest in gambling and yes I did loose some bits in it and when I did a cool losse then I moved on and never again tryed those

its okay, a lot of people are attracted to gambling websites, you might have noticed everybody marketing it in the website itself, to gain btc through sig campaigns. Its common, I lost more than 10 btc once and I even quit temporarily but then I recovered it in a couple days and made much more so its okay, don't cry over spilled milk, order that starbucks Wink
605  Economy / Economics / Re: Is it true? Bitcoin Isn't a Currency but a Technology? on: August 22, 2015, 04:56:34 PM
Bitcoin will become not only currency but a international currency.Since in my think, its not a technology !! Smiley

I think you're wrong because in the world no big institutions will approve to become bitcoin as a official currency so it will be a new technology.

a statement stating its acceptance in the future could only be speculated and not declared simply because future is unpredictable and there are n number of situations which could take place, creating a different number of outcomes in terms of different institutions and its adoption rate.
606  Economy / Economics / Re: Why did Liberland chose Bitcoins? on: August 22, 2015, 04:45:52 PM
Hey guys, I was at the Liberland Settlement Association Headquarters recently and can say there are significant steps being made with both Serbia and Croatia toward recognition. Also there are South American countries who are on board and ready to recognize Liberland and will do so in a coordinated manner.

Furthermore, I can't say for sure, but there is a rumor going around that there would be a Liberland PoS coin, and that they would be linked to passports in some way. Idk how that would work though.

A liberland PoS coin? Liberland is on its micro-nation bullshit zone, making its own rules and regulations like a boss, leading an anarchy of 50 people expanding their country from 7 people to 50 Tongue Proud of them, atleast they are repping bitcoin proudly, using it as the national currency at the moment, that's awesome Cheesy
607  Economy / Economics / Re: The Real Story of Gold on: August 22, 2015, 04:42:30 PM
It does not have any real story Grin. We humans are making a real story about it!!  Wink


I don't know if that's true...  Most of the gold in the universe, I have read, was created in supernovae and/or large stars colliding.

Gold (and platinum, etc.) is truly "star stuff", Supernova Born.

And much of the gold and platinum-group metals sank to the core of the Earth when it was still hot.

humans were created by star dust too, and there are a lot of theories which support crazy stories, I believe that we all are a part of a continuous random moment and we are free falling into a doom, and we complicate our lives just with thinking ourselves to be too significant. Nobody is as important as nature, not humans and not gold. Gold is a shiny object which people will kill each other over, and that's fucked up. That's the real story.
608  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: August 22, 2015, 04:37:13 PM
Yes, I have different definition about acceptance with legalizing. Maybe I'm wrong, but if its just about legalizing bitcoin, then there are many country which has done that. So there is no special with Australia then.

Australia is special because they have the most crypto business in their country and their rules and regulations support bitcoins, which is different from legalizing as they officially said that they like the technology too. And there are not 'so many' countries which have legalized bitcoins, they don't consider it a currency but instead treat it as capital and the profit is taxed like capital gains.


buy and hold seems to be pretty hard for some.

boohoo, go hard or go home.

609  Economy / Economics / Re: Low BTC price is good for Bitcoins at the moment. on: August 22, 2015, 04:30:21 PM
Low price of Bitcoins will attract new people to join the rally, now that a lot more people can afford to buy a ''Full Bitcoin''

Agree but if the price will remain low for to many time the interest will be gone. Needed increase to see that bitcoin has value and can be a good investment. In that way the interest can remain live and other will be interested.

If you have been up to date with bitcoin price information analysis and statistics, you might know about the fluctuating quality of bitcoin and its volatility in terms of price. There have been bigger crashes and even more better boosts upwards in terms of price. You shouldn't be scared about the price remaining low for a long time, rather invest now for higher gains Smiley
610  Economy / Economics / Re: Alright , Time to Dump or Time to Buy ? on: August 22, 2015, 04:28:09 PM
Time to buy I guess. It will hold itself on to $200 and will recover gradually. The main reason I see why the price is going down is because of XT vs Core drama happening right now. Traders love to use those to maximize their profits, you know. Wink

yes, the cryptocurrency market is very sensitive and because of its volatility of the currency, it is often an issue and scares new investors. I don't know how long the xt vs core issue will go on, but the longer it does, more damage to the image and authenticity of bitcoin as people will question and confuse each other, worst case scenario if xt becomes a new coin, then I don't think btc will live long
611  Economy / Speculation / Re: PRICE DOWN on: August 21, 2015, 04:37:05 PM
i think price will go up after a few weeks bitcoin will never crash to zero as a lot of people are interested in using it

The only way its price could fall to zero is when there's no adoption left an everybody hates bitcoin, the technology has issues and it all shuts down, or people choose an alternative and stop using bitcoin, and a proof of all of that would be the number of fall in trades in between, if there is no bitcoin, its price will pretty much be zero.
612  Economy / Economics / Re: What can greece central bank do? on: August 21, 2015, 04:34:40 PM
So to basically summarize greeks situations.

A few people made money pocketed personally Im pretty sure from the state, then have a few experts to cook the books for last 15 years.

Then ask for money and make it seem like its a banking euro situation for greece.

They have lot of social welfare program for people so their tax money is not sufficient for all those spending. So they need to rethink about their social spending


You want to rethink social spending in a country with 25+% unemployment again. You need to rethink that line of thought. It can lead to a disaster.

Most countries in europe have 25% unemployment, it all because money printing and subsidizing crappy businesses, while keeping legit ones out with regulation.

Such an oligarchy.

What metrics are you using for those 25%? Average unemployment in the Euro area is 11%. From Germany's 4% to Greece with more than 25%. Don't know exactly how they calculate that. But even considering people who gave up looking for work, 25% unemployment in most countries doesn't make sense.

no, I actually think he is right, I read in a newspaper a couple weeks about unemployment regarding Europe and people are really in a jiffy over there, with 1/4th people with no jobs, I think the working and maturity of the government speaks a lot about it, printing out of debt is a shortcut to inflation.
613  Economy / Economics / Re: Is it better to save money or invest it? on: August 21, 2015, 04:31:52 PM
i'll try investing 30% of my salary from my day job and see how it work
my problem now is where to invest?

I`m trying to do this as well. but its so much harder then most people think.

esp when your wage is small as it is, everything adds up and nothing is left really to save. I sometimes have to consider what my odds are.. to even see this happen anytime soon most likely not for super long time.

I made good profit investing when the price came real low, and when people got scared and rather sold their investments, I made money off it Smiley In terms of investing capital from your wage, you must know that a salary limits you and your dreams, your success is only limited and priced, and you work hard to fuel the dreams of your boss. Learn as much as you can working for someone for 5 years or less, then its time to work your own ventures Smiley

Very well said especially the own venture part! The thing is once we work in a secure environment and you find that a fixed salary every month enables to to take better care of stuff.. we get comfortable and do not want to move out of our comfort zone. We attribute owning property and wealth to a steady income flow. The potential to earn is multiplied many fold when you are an entrepreuner, its just that people are too scared to take a leap of faith! (me included).

We kill our dreams because we are getting by, helping someone live their dreams Tongue I think its human to get lazy but the one who gets all the good shit in life, has to work for it. Not everybody was born with a golden spoon, I don't think it even matters to someone with potential, money is secondary but being happy is priority for such people, I like to believe I am one of them Smiley
614  Economy / Economics / Re: Does Bitcoin need a new theory of money? on: August 21, 2015, 04:29:30 PM
No, it doesn't need any new theory of money.it is free marketing and any of the people could attain it! And It has all good qualities of money.


basically in short, even if a currency is not as good and as secure as bitcoin, it can be successful just like fiat if a lot of people support it, anything can have great value regardless if people believe and support that currency, after all its all about demand and supply too Tongue Bitcoin however is a pretty cool currency, I don't want to rank it out, I just think it could still get much better, while it matures more.
615  Economy / Economics / Re: Alright , Time to Dump or Time to Buy ? on: August 21, 2015, 04:14:20 PM
Alright guys ,
the situation right now is not the best situation we ever had to be honest , I bet that this is because of the BitcoinXt and investors are afraid on their money and why not they have all the right for that right ?. What do you guys think people should do right now dump and just save their selfs since they can ? or simply buy right now because it's not going anywhere lower then this .

Lol are you joking?

Its time to buy in my view, since you will pray later that bitcoin price would stay low, once this baby kicks in, it will reach 10,000$ + ,and you will never see it this low again.

This is a gift from nature so that those who could not buy before, can buy now!

the likelihood of a $10,000+ value is more absurd than the price going further down below $200.  Repeating it over and over doesn't really help, it mostly gives noobs false expectations and makes people even more upset when they lose money dealing with btc.

yeah man apart form all that bitcoin xt vs bitcoin core issues going on, its scaring the shit out of people and you know crypto market is really sensitive. People who might lose their money will compain about volatility and bad mouth the tech without even knowing about it, so I will obviously invest now that btc is a little low, but I don't think I will ever invest everything into btc, I believe in diversity.
616  Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin? on: August 20, 2015, 08:10:27 AM
Yeah, having monopoly with a product which makes it efficient and innovative is the hardest, having a brilliant idea is the hardest. It serves as an asset later, makes advertising and marketing easy, people promote it for no cost, authentic organic people view your product and that's how you create monopoly. Getting rich is easy, having a brilliant idea to make you rich is the tough part.
Its true, thats why people say that idea is the most expensive and great thing in business. But, surely people not always agree with our idea although we have some innovation things on that. The next important point is, your idea must fit in what people really need. For now, not all people need bitcoin, so if we really want to go full time on bitcoin, we have to mind this issue.

I have a couple start ups and plans to invest heavy in bitcoin projects, the only time I invested my personal money in any project was the first time I had a business idea, which was when I was 18. A couple decades and now I am doing pretty good now, I assume. Knowing what people need is the way you can be a millionaire, knowing the market, one of the toughest tasks to accomplish Smiley
617  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: August 20, 2015, 08:06:32 AM
cause the price is not stability,,
if when we sell BTC with low price, may be tomorrow the price will grow up.
who's know?
so, i keep stay to never sell my BTC.. havent to try sell it.

The only way a currency grows is when it is traded often, and if you just want to invest in something and never use it to its potential, what's the point in the first place? If you really want your currency to grow, spend it on things you like and earn more of the btc rather than buying it now, trade often and learn more. Never selling btc is the worst thing you can do to btc except selling it forever
618  Economy / Economics / Re: This is how 0.037 Bitcoins looks like in Venezuela on: August 20, 2015, 07:59:40 AM
wow,their currencly really really sucks,if i was on their place i would seriously need to change something there!
thats just a big pile of money

The value is low, why does the value a paper hold matter to you, man? I think all fiat suck, and I am being as kind as I can. The value is set only according to what needs be, you should go visit the place and experience that lifestyle Tongue People need to understand that paper does not matter, at all, the value it holds does matter. So if you come up with a 100$ note and a Venezuela citizen brings huge pile of money, it will all be the same thing.
619  Economy / Economics / Re: Alright , Time to Dump or Time to Buy ? on: August 20, 2015, 07:56:22 AM
I'm asking whether Bitcoin XT will be traded as a new coin or not. It's a huge factor.

so.

a) No

b) Yes

?

No, man, the only difference would be that people with XT will experience faster speeds and it would not be a new coin, that would destroy the authenticity of bitcoin and if such a day comes when bitcoin XT becomes a separate coin and not a part of bitcoin core anymore, I will shut down all my crypto businesses, cash out whatever I get and leave this digital world behind and retire, I am too old for this shit
620  Economy / Economics / Re: How to save money. on: August 20, 2015, 07:54:37 AM
It's really not this easy. I like how you've suggested a financial plan, but someone who makes almost 8 bucks an hour can not afford multiple things on top of their daily bills. It's easy to make a financial plan if you make enough money to where you don't have your monthly budgets interfering with each other. For example, medical emergencies. At that type of salary, you're essentially one accident away from any financial savings for anything collapsing. Your car savings, or your house savings, can all be destroyed with the medical side of your life taking over it due to an insufficient "medical fund". Saving money is something everyone would love to do, but when you don't have a decent salary, it's next to impossible.
Sir, all things are possible 8 bucks per hour? It is enough for a normal person . And you said that all of your savings will be destroyed by pne accident? No . Do you really read this thread? That your savings must 20% of your monthly salary? And its use in 2 different ways? First the 10% is for emergencies,  so you cant spent the other 10% wich must spend in your personal interest like business,investment, and etc. So how possible you can't save? If you do this strategies you can save every month. And like i said theres a choices , save or not so choose.

So there are a couple things to pay attention to.  One is income generation and the other is under-consumption (saving).  It would make sense for effort to be put into income generation primarily, and then towards savings. 

If someone is making 8 bucks an hour and living in North America, then the effort needs to go into generating more income.  That wage is for unskilled labour, so it would make sense to gain a skillset that pays more.  Don't fall into the trap of doing unskilled labour for life.  That type of job should be a steppingstone to something else.  If you are going to learn a trade, get a formal education, or learn a skillset that you can apply on your own, it will allow you to get out of that trap of labour/retail type jobs.

8 bucks an hour will just cover the absolutely essential monthly expenses.  It makes sense if you're young and working part-time while living at home with parents, but don't make a career out of a job like that.

This was the point I was attempting to make. Relying on minimum wage is totally unreliable and almost impossible in certain areas. If you live in Los Angeles California, or NYC, you're looking at a extremely high cost of living compared to somewhere in Nebraska, for example. Therefore, saving money can only happen if you have a certain skill set to which you are compensated for above minimum wage work, also known as, a college degree. Hell, even a liberal arts degree.

something which really bothers me with minimum wage is that people criticize those people on minimum wage calling them burger flippers and ask them to develop skills, etc but actually I respect those people because they fought the system and got 15$ an hour, while the CEO and the company makes thousands of dollars every hour. This 'system' wants us to fight with each other about what's our worth and what we deserve, while they make millions.
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