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I know for a fact that Primedice allows you to run Tor... I used to play there a lot, but as of right now I don't go on there as much and try to divert to some other gambling sites to see what they are all about. I just feel a lot more comfortable gambling through Tor because I'm US based, and that causes a whole load of problems once the site recognizes the IP is from the U.S.
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So going off of Sparkgap's comparison list, the only cards that would hold Bitcoin until purchase of a good/service or just simply withdrawing money from an ATM is Xapo or Bit-X. These kind of cards seem to me more beneficial to have because you wouldn't have to feel bad if you sold out to get a card and not enjoy the benefits of having Bitcoin in the first place. It just seems to me these cards are in a way a Bitcoin wallet that you can easily buy everyday goods with, with additional fees tacked on. Maybe I will be interested one day when they get a little bit more reputation for running a good service, but for me it's really hard to trust a third party with holding my bitcoins.
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checkout bitwage or uphold, those should do the trick
I have never thought this type of services also exist. But how they regulate that tax thing or they are not regulate by government? Quite complex to understand how they are able to do that. I would personally think it's a way of avoiding taxes. Maybe it's some kind of system that takes your net income per paycheck and takes the percentage you want in Bitcoin out and then automatically buys Bitcoin at some exchange site like Xapo, Circle, or coinbase and sends it to your wallet. Too much hassle IMO, when you can easily just deposit the check into your bank account and buy it manually. I even think Circle or Coinbase gives you that option to automatically buy X amount in dollars every week, 2 weeks, etc based on what you want to spend. So pretty pointless service though... At least it is to me. |
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I personally like using circle due to my troubles with coinbase in the past. They've put locks on my account for no real reason before, even though I just send them straight to my wallet and no where else. It's kind of strange dealing with coinbase, but I have had no big issues with circle just yet.
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Wow. How exactly did you come across this?
Interestingly enough, I met him in person. I responded to a craigslist ad he posted a couple years ago; he was offering bitcoin related services/consultation as a side gig, for a fee of course. Was probably an ad fishing for bad actors as well, but my purpose was completely legal  . We sat in a coffee shop in Baltimore and chatted for about an hour. Interesting fellow I thought. He was a true believer in bitcoin as a revolutionary new technology and monetary system. My jaw hit the floor when I saw the news. interested to purchase it, but how can you prove that it's original?
My word. Hahaha, this is a hilariously ironic story. One day you were chatting with someone who was trying to sell you something that was related to Bitcoin and chatting about Bitcoin. When all the sudden *BOOM* he's sitting in jail for money laundering and you are about to make a couple hundred dollars worth of Bitcoin on a card that he probably paid a cent to have made for him. Life's irony never ceases to amaze me. |
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Most alts spend >90% of their lives falling against bitcoin and <10% of their lives rising against bitcoin.
altcoin investors must get used to the idea that we will spend 90% of our time watching our money shrink and 10% of our time watching it explode.
My hypothesis is that the transition to the next XMR bull market will be sudden, not gradual. People will be wondering whether XMR is dead in one moment; in the next, it will be rocketing to .01 per bitcoin or beyond.
If this is true, it will fulfill the fractal formation prophecy that I have foreseen. That time would occur anywhere from now until next Summer. Just curious as to why you think that it would be around this upcoming summer for this type of thing to happen? I mean, I do realize by now all of the pampers have dumped to the point where they have all gotten out to ride the bull Bitcoin train, but what makes this summer so important for monero? Is it that there is the halving coming up for Bitcoin and all the people who have kept monero are in it for the long haul? |
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I am a regular visitor to India (especially to Delhi, and Kerala). Although there are not many shops which accept BTC in these regions, you can easily convert your BTC to fiat cash (INR), at low premiums. In Delhi itself, there are dozens, if not hundreds of traders who trade Bitcoins for fiat cash. Use Localbitcoins to get in touch with these guys.
Yup Even I have some colleagues who is from India, So many people not aware of bitcoins. But who are all working in bitcoin they are very clever and they are doing trading also through localbitcoins.com and btcindia. Except Amazon India and Ebay India none of the Online shops are accepting as I got info from my friend. There are many competent software programmers in India. Hotmail was originated from India. One day India will be the forefront of bitcoin related business. The question is not whether any Bitcoin related business will come up from India, but how Bitcoin adoption will be in India.  You may have competent programmers, but that alone cannot take Bitcoin to the masses. Indian government will not allow bitcoins for so easily to use reason is simple they can't track the transactions and and also can't collect the taxes for these transactions. This was the reason even paypal is exit the India. Paypal didn't agree to pay the taxes for transactions so Indian government didn't allow them to operate in India. It looks like in near future may not happen any things but if bitcoins gain more popularity around the world than they may consider. Ahh, roadbits raises and important point re India (same thought for Nepal as well). Capital Controls. It is very hard to get any excess rupees changed back into dollars without a receipt showing the original rupee purchase. If their .gov can't control the money, they will likely NOT be benevolent to Bitcoin. * * * n2004alI do not disagree with you re India. We were there as TOURISTS with a tour group (Americans). We did see quite a cross-section of India and her citizens just in the 18 or so days we were there (3 more in Nepal). YES, they are patient and pleasant people. Very polite. Seemed non-violent, I did not feel danger even in old towns (eg Delhi). Multi-lingual in many cases. India may have a great future (parts of New Delhi hinted at that). But things can go wrong in places like India, nothing is written in stone. Wait, I don't really know much about the current state of affairs with Bitcoin and India's government in general... But is there no current exchange offered to the Indian people to be able to exchange bitcoins for the current price in rupees? Is the monetary system so controlled by the government where there is no exchange rate for Indians to deal with Bitcoin in terms of their own denomination? If not this would make India the fore front of bitcoins struggle with mass adoption because India is such a huge country that hasn't been tapped into. |
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I'm wanting to invest around $5k USD in bitcoin, primarily just to get cash out of my bank. I've had a Coinbase account for about a year but only used it for a few small transactions, so I'm not very knowledgeable about it.
With the recent surge in price, do you think now would be a good or bad time to buy? I realize there's no way to know for sure what will happen, but am curious if you think the price is going to drop back down soon or if I should buy in now before it rises more.
No one could give you precise prediction for the price movement. Probably it will continue to rise or drop down instantly. This is drawback of bitcoin, volatile price. I suggest you could buy 1k dollar now. Wait and see what will happen. If it continue rising 10%, you could buy 1k dollar again. If it goes in another direction, you could get a good chance to lower you holding cost. Honestly I think this is the best plan of attack compared to any other plan posed by this thread. Maybe you can derive your own plan based on the majority of responses here and set buy limits for yourself. I think the major consensus of all this is to not buy all 5K worth at once because you would be making a major gamble. Having back up funds when spending that much is necessary when speculating on such a volatile price in Bitcoin. |
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Thanks Zenry! Payment received! I had a question though about the following Wednesday's from here on:
I don't know if I missed it on the OP, but I was wondering what you considered an official "deadline" to start post counts. I didn't know if this was done by using forum time or your local time. I think maybe if this were established back in the OP, maybe you can avoid future questioning about if you had started post counting yet, because I have seen that type of question reoccurring all the time in other sig campaign I've been in in the past.
But thanks again, I definitely feel safe here in this campaign with such a trusted member of the forum as back up escrow. Very professionally done, keep up the good work, and I hope success for the site!
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Greetings all. I'd like to know what you would do if your bitcoin did one of the following, as I am a little confused about what I'll do myself...
What would you do if:
Bitcoin hit $1,000,000:
Bitcoin hit $1,000 again:
Bitcoin stayed where it was:
Bitcoin became worthless, or a few cents:
And which of these do you think is most probable?
Thanks for your opinions,
-Lags
Here are my answers to your question: Bitcoin hit $1,000,000: I will dump all my coins, buy my dreams, and help humanity. Bitcoin hit $1,000 again: Nothing, I'll still let it idle and wait for it to hit $1M  Bitcoin stayed where it was: Same with my previous answer  Bitcoin became worthless, or a few cents: Will quit bitcoin and look for a new promising altcoin And which of these do you think is most probable?: everybody hope for the first one but the second one has a higher probability. If Bitcoin ever hit 1 Mil, why would you even bother dumping? By that point in time if/when Bitcoin reaches that price, that would mean there would already be mass adoption plus the fall of the fiat system. I would really think both those scenarios would have to take place before Bitcoin reaches that price level. So again, you would essentially be dumping your coins to go back to the shitty fiat system that at that point in time would have already failed or failing rapidly. |
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I might be personally interested in some custom work done, but I was wondering how much stock do you have? For right get now I think I would be more interested in buying just any gold from you that I can readily afford. Do you plan on selling gold by bars or coins? What's the quality of gold you have in stock? Where would you be shipping from? Thanks in advance.
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First let's just see if we can stay over $400 for a week.
Over $500 by Xmas would be nice though.
I don't think this is quite a possible feat for the deadline to be by Xmas. Even with the super pump to $500, there proved to be some major resistance around that area. I think we'll get there eventually, but it might take some time. |
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Definitely for gambling as others have mentioned and I didn't in my previous posts. I can see the advantage there instead of using credit cards in casinos all over the world. However there are and were plenty of not so safe Bitcoin sites, investments, casinos, exchanges that create a bad name as it's not really regulated. If this wasn't the case I'm sure Bitcoin gambling would be much bigger today since it's completely anonymous, in many sites you don't even have to create a profile/account, you bet right away.
Yes these are great benefits, but is it easy to gamble away all of your money in this way. Trust me, I am telling you from my personal experience. With the traditional sites, at least you have a way to self-exclude yourself. With the Bitcoin gambling, you are always couple of clicks from the bet and if you are addicted, Lord better help you! Yeah, but at the same time it's great for the Bitcoin economy in general. It doesn't really matter to some people to lose their money they put in. It's all about the thrill for them, and if they are going to do it no matter what, might as well be with bitcoin. |
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I think mobile payment and debit card both are complimentary and if people have choice,both method will be adopted with great enthusiasms.There are situations,places and occassions when mobile payment may not work like where network is not available.Similarly,debit cards too can not be used everywhere.So I think both methods will equally become popular
But with mobile payments, you need a bitcoin accepting merchant. Whereas with bitcoin debit-card, once your card loaded with funds, you can spend you bitcoins to any merchant. Mobile payments does not require any third party. Our bitcoins will be with us always. I guess bitcoin debit card will be the first one to boom, then it will be followed by mobile payments once there are many bitcoin accepting merchants around the globe. Yes you have made a good point here but dont we need bitcoin accepting merchants in both cases?.How can we pay a merchant with bitcoin debit card if he doesn't accept Bitcoin payment? If bitcoin from debit card is converted into other currency at merchant's terminal than what is the point in paying with Bitcoin? The point is, is that you could be able to load and store value of your bitcoins on a debit card to use anywhere by converting it to fiat upon a purchase. Although, I'm not quite sure if there is a debit card system that actually holds bitcoins until you make a purchase. I think when you load a card, it's automatically converted to fiat. |
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One of the main selling points for people to get into Bitcoin is the very low miner fees at the current moment... While this will probably be increased to double the amount it is now, roughly around .03-.07 cents, it will still be substantially cheaper than using payment systems like PayPal.
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Dollar well just be a dollar, it the future it will still be a dollar.
The goverment well not replace it, because there is still a lot of people that they don't know about bitcoin.
of course the government won't replace it. why would they. if they will at some point replace it, then it definitely won't be Bitcoin. they will simply make their own currency. The government simply can't create their own type of crypto though even if they wanted too. Think about it... That's like saying every nation world wide by now would have their own form of the Internet that's only used for their country. If their is another currency a major nation would implement it would be globally accepted, and at this point in time, Bitcoin seems like a very likely front runner for that spot. |
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Mining gold today is very expensive even for the richest companies. It is simply very hard to find it and make it pure.  As you can see production is going down: even if the chart is an old one the production is till going to the bottom. But the price also went down in the last years. If a world crisis will surge expect gold price to skyrocket: history repeats itself. And, maybe, even BTC will go up as well. Good to have both. Bitcoin has a more predictable rate of supply, however gold has been and is more stable. No one is the wiser until the next financial crisis happens. My prediction would be that there is going to be a flood of new adopters to both systems. However it is indeed wise to own both. If you think about it this way, it makes it seem like Bitcoin may be at a disadvantage compared to gold: Mining gold isn't a necessary ingredient for the success of the market for gold. With Bitcoin, however, there needs to be always some kind of need for consistent hashing power towards mining for a secure network, and there fore a secure market. It'll be interesting what happens to Bitcoin after a couple more halving a after this one coming up next summer. |
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Mobile payments. And I'll tell you a funny thing: I use to watch Korean dramas. Fact is than in every new drama they tend to promote some new mobile phone or feature. In the last one I have been watching, the main characters pay using their mobile phone when they buy a coffe, get on the bus, or when they go shopping.
I personally do not like that very much. It is hard already to think your smart phone is a target for thiefs and you have to have extra care for it... when you hold in it the way to do payments, that extra care has to be greater.
That's a good point, but I mean there are already pretty good security features with Bitcoin mobile wallets that use F2A activation, biometric passwords, etc. I mean in all reality now in days, people especially in the younger generation value and keep track of their phones more than they would their own physical wallets it seems like... Maybe it's a good thing to keep your value on your phone in that case? The fact that you don't have to keep anything physical with you except your phone is a pretty good argument for only using mobile wallets. |
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Honestly I think in the future when/if the fiat system in every nation starts totally collapsing, there will be a need for a new currency that is digitalized, which of course Bitcoin will step in. But then you have to think, we'll wait, what will Bitcoin be priced in and what will each Bitcoin represent monetary wise? And I think it will go back to how it should be in the fiat system in the first place, be back totally by gold and silver.
So I think both will go up in the future accordingly with each other, because they are the easiest ways to transact/exchange goods and services without the need for a central banks printing scheme.
Anything with a definitive, finite supply will have to be the replacement currency. If we see the collapse of fiat currencies it will mean that it will be difficult for any government to reinstate it, especially if it is a global collapse and not just one or two countries having worthless currencies. The only issue I see is that with the finite supply, you can only divide it so far, and so we have no real idea what will happen once we have to divide a finite supply beyond what it was originally intended for, in order to supply the needs of the populace. But again, that's the beauty of Bitcoin in my mind. You can divide it indefinitely to the point where it can be traded in very micro type of transactions. There is a lot of room for the growth of divisibility in Bitcoin if it becomes the stand alone currency. I mean think how small a satoshi is compared to a Bitcoin. |
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There are many reasons one might be called a scammer, but yeah I would just stick to exchange sites for the easiness of the transaction for yourself. Plus you have to realize why it's hard to sell bitcoins in general on here, because any type of payment system like PayPal can easily be reversed, while Bitcoin transactions are finalized once sent.
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