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701  Economy / Economics / Re: Bitcoin or gold? on: August 07, 2015, 06:00:22 AM


No dear, What you are saying is not absolutely correct. How can you be very sure that bitcoin will keep on growing in future? Future is unpredictable, and there might come a day when bitcoin simply gets disappeared, whereas Gold cannot be disappeared, as Gold is more older then bitcoins.
I just hope for the best , ever since bitcoin was introduce to the digital world , is more than 5 years already , that's why i'm basing my guess on it since it survived more than 5 years already , it have a good chance to survive more , yes what you point is right in terms of Gold which is not going to disappear anytime soon

With mass adoption of bitcoin, other cryptocurrencies which compliment bitcoin like litecoin would also see a significant increase in their adoption rate, because they use similar tech but less features and trend. There is absolutely no gaurantee that bitcoin may survive or nah, either it could be worth a lot or nothing, you just don't know. Those are the words of Satoshi itself, the founder of bitcoin Smiley
702  Economy / Micro Earnings / Re: how much can you make weekly? on: August 07, 2015, 05:57:04 AM
I'm not having any of these skills that you have listed.
BTW can you tell me some programming languages and which programming language is easiest and which is the toughest.
I'm an easy learner and grasper. So I can learn those.
well im not familiar with any programming languages , but I've heard over the years the name of python a lot , maybe php,sql,css as well ... their are some good courses that you could take online but none of the good one's are free , so you have to pay for their lessons and usually it takes couple of weeks to complete
And are these courses and languages useful in crypto coins or are just random courses Huh
No they are not random, they are for website development, since you want to start a casino site, these languages are good!

I think it would be better if you start with the basics, the most easiest computer language to learn is hypertext mark up link language, otherwise known as HTML. It made my roots very strong and helped me better in understanding more web based languages. I advise you to learn C+,C++ too because they would also serve as a great base to learn more software based software.
703  Economy / Economics / Re: Bitcoin or Gold? What would you pick? on: August 07, 2015, 05:54:21 AM
Bitcoin has been traded for roughly 5 years. Each year it has significantly increased it's value.
Will it continue? I don't know. But in terms of potential, it has to have much more potential than gold does.

And bitcoin is easy to use, you can buy things with bitcoin, but not gold or other precious metals.

Although there might be a very limited things which could be bought with bitcoin, it is fairly easy to exchange products and services with these 'precious' metals. The day the concept of bitcoin is widely understood and accepted, is the day bitcoin truly triumphs over gold, fiat, whatever because people would want bitcoin, to use bitcoin and not to exchange it in return for any other currency.
704  Economy / Economics / Re: Does Bitcoin need a new theory of money? on: August 06, 2015, 02:06:25 PM
The days of government-controlled ‘money’ are over. In the 21st century, you are the controller of your own money. Since the dawn of civilization, the use of a local currency has turned into a tradition. People used to trade physical tokens and objects among them, but now they can use digital currency. You are free from any government regulation and fees. It is a currency made by the people, belonging to the people and for the people.
The government wont let it happens if bitcoin bother its country economy or the taxes government get is decreased. There is no place where we are really free from government regulations. It will only happens if there is no government or country, or you could make your own country with the other bitcoin enthusiasts like Liberland.

People often feel that using bitcoins is an escape from avoiding tax, but if two parties are caught in money laundering, they will be jailed.. Bitcoin also requires tax payments, its treated as capital tax. I have very less knowledge about it because I have not yet involved myself in such practices, but I would like to know about it. If someone knows more, knowledge is welcomed. As far as Liberland goes, only 7 people live on it bro Tongue

If you have a bitcoin with a value of 200$ which over a span of 2 years changes to 2000$, your assets will notice capital gains and be taxed accordingly. There is more detailed information provided, ofcourse rules and regulations might differ in different countries. More knowledge could be acquired over here: https://bitcoin.tax/faq To calculate taxes, use a bitcoin tax calculator: https://bitcoin.tax/
705  Economy / Economics / Re: It's happening: Puerto Rico just defaulted for the first time on: August 06, 2015, 01:57:04 PM
http://money.cnn.com/2015/08/03/investing/puerto-rico-default/

Damn, I can't believe this is happening so close, it's unbeliable but it was unavoidable. 58 million of unplayable fee. I really hope these guys don't get all of their money stolen. Only if we were in 2025 they could have had a chance with Bitcoin we are still on the very early days.
And you know what is quite funny? The World's Largest Debtor Governments leader is US with debt of 18,540,448,667,000. Second place is UK with 9,590,995,000,000.
We truly entered age of debt. Puerto Rico's debt is like one grain of sand on a desert compared to US debt. Does this means US will be defaulted in the future to?
Source: https://en.wikipedia.org/wiki/List_of_countries_by_external_debt

As long as U.S has the power of being the most strongest currency in the world, which it clearly does, nobody can do anything to them. Dollar is important solely because it is petrodollar. Petrol can only be bought with dollar, which is the very reason it makes it global. There are several other commodities which can be bought by dollar only, the more dollar is exercised and traded, the stronger it remains.
706  Economy / Economics / Re: What do you guess about he future of bitcoin? on: August 06, 2015, 01:55:03 PM
I think in about 10 years bitcoin is going to be global currency, it will depend however on governments decisions. They can either speed things up or slow them down, especially USA as its the biggest market. But also global corporations will have major impact on this as well

Yes the future of bitcoins mainly depends upon the government perception and support towards it, if government supports bitcoins than it could be a global currency or else it would be just used as a secondary currency.

Recently, I came across a news post which explained how Australia has been pushing the adoption of bitcoin by openly supporting it, and they are also planning to overlook important rules and regulations regarding bitcoin. Australia could be a huge market, especially when their government itself seem to be so accepting. Its positive news for crypto world, and especially for bitcoin users.
707  Economy / Economics / Re: profit maximizing on: August 06, 2015, 01:52:27 PM
I think an important tip would be to study and research before you get into trading, know what you are dealing and how you are supposed to deal it. If you are trading an alt coin, knowing and learning about its history might seem useless, but I think its important. I often study its price charts and how often the fluctuations are, if there is any pattern, etc. That's how you ensure profitable trades.
708  Economy / Economics / Re: Government & Bitcoin on: August 06, 2015, 01:46:52 PM
Bitcoins will be hard for them to stop without shutting down the entire internet. Should a government act against bitcoin, it would drive the price through the roof.

i doubt every governments will ever work together, so this scenario is very unlikely, you will always have at least one government that will not do anything against bitcoin, many have already embraced it, so why, suddenly, they should go against bitcoin without any reason? no-sense....
Yeah theres no reason to against with bitcoin, if they do that maybe they are not already to adopt or to used bitcoin as a payment and currency but shutting down the entire internet is the crazy thing that you thought, Bitcoin is a great help to improve and to grow the economy of the particular country.

Worrying about the goverment shutting down the internet is indeed an absurd thing to worry about. Consider that the whole banking system works under regular internet as well. Credit cards, banks, stocks... it all depends on the internet. Without internet, they kill Bitcoin AND they kill themselves. No one wins.
Hahaha yeah and also the different kind of business such as network company, cable and the online shopping sites. It can also affect their works, it may cause on delaying in payment.

The biggest reason why shutting down the internet would be an unprofitable venture for the government is that they wouldn't be able to keep a check on us. A country shuts down internet thinking that they are better by themselves and they don't want their useful information to reach into other worlds through internet. Look China, banning Youtube, Facebook, etc. There will always be an alternative, just like how bitcoin is to fiat Wink
709  Economy / Economics / Re: Bitcoin or gold? on: August 06, 2015, 01:38:38 PM
Supply - demand
That is all you need to know. If the supply is less and demand remains the same, then the price increases. The value of a bitcoin is irrelevant just as the price of an ounce of gold does not matter. That's why people buy gold in amounts smaller than 1 oz. now that prices are high.
If demand continues to go up there may come a day when people say; "You own a whole bitcoin!!!"

How is the value of bitcoin or gold irrelevant? Of course the price matters. People wouldn't invest in something if they knew it was going to lose them money. Gold is more of a safer bet and will hold its value well but as an investment it's not that great, and that's where bitcoin can excell.

The value of bitcoin is very relevant, its price, I don't think so. if all the people stop thinking for a minute that someday they will exchange their btc for a thousand dollars and look at much more bigger picture, living in a world where we only use btc. We wouldn't need to convert the btc we own today, but rather spend it with complete freedom, happily. And being 10 times richer than we are, yes that's the future I dream.
710  Economy / Economics / Re: Is bitcoin dead? on: August 06, 2015, 01:33:56 PM

Why did you leave the cryptocurrency/bitcoin world anyway? 3 years is a long time, things have definitely evolved and uprooted from their previous state. 500,000 people use bitcoins everyday Smiley My project idea is still in construction but I think that me and the people involved have learnt a lot about bitcoins and its time for us to contribute our time and skill into something we truly believe in Cheesy
well back in the days I used bitcoin only in the field of mining so I was a miner more than someone who knows what bitcoin was in general until my video card said goodbye to me so I didn't tried to really mine after that and by then I was still busy with college and stuff so I kinda forgot it until lately I said it's time to give it another shot since I have more freedom in my time now

I would advise you to use the skills you already have and connect them with bitcoins. A lot of people think that there are very low paying jobs or not enough jobs in the failed of cryptocurrency but actually that is nowhere close to the truth. There are many opportunities, people just fail to notice. I hope you make good use of opportunities you discover and do justice by it. Good luck.
711  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: August 06, 2015, 01:28:52 PM
for everyday fast altcoins are needed
Yes it's right.
But the value of the altcoins is so volatile that it's nearly impossible to implement them in daily transactions.

Just like Bitcoin was more volatile and now it seems to be calming down, so these alts will and would calm down as they become bigger and as they mature more.
Bitcoin calming is the situation of silence before a big storm.
And you will see a big pump in near future.

That is true, and I would never sell all my bitcoins as it guarantees me the financial security at the retirement age, and it can be proved to be the best future investment So I would never sell all my bitcoins but at the time of emergency I would sell part of it.

As Satoshi once said,' Either a bitcoin could be worth a billion dollars or zero, only time can tell'. The price of your bitcoins is a result of the amount of demand and supply there is in the market. If you do not make proper use of your bitcoins upto its potential at the right place, at the right time, it might not reel you as much profit as you think it could. Know your investments before you blow your investments.
712  Economy / Economics / Re: Is it better to save money or invest it? on: August 06, 2015, 01:26:45 PM

Then do you invest it in your own projects? Make your own project cant guarantee you to earn more than invest in somebody's else company imo.

yes I already did invested on my project , unfortunately it wasn't a success for me , so now I'm on process of collecting some more so i could start a new project , your right as it will not guarantee , but I have to pass this phase of trial and error in order to be able to stand on my own foot in the future which these are the consequences I have to pass for now

Really appreciate the confidence and will to struggle and achieve, that's how one should perceive such situations. As far as guarantee of investing in projects go, I would rather invest in my own project because it would allow me to be in control of decisions and situations I see, rather than trust an unknown person who promises to increase my investment in a month or two. No, thanks.
713  Economy / Economics / Re: Let's Be Honest. We Are Waiting for $100/BTC to buy on: August 06, 2015, 01:23:07 PM
Yeah i think so the price of bitcoin will dont go never at $100,
but we are waiting for $100/BTC to buy
at least at $200 but i think it would never be happen
If bitcoin could go to $100/btc, then I think its be hard for bitcoin to reach $300 back, which it will be same situation like when its price was $1000, but went down to $300 and never reach that price again.

In a situation which forces the btc to drop around/at 100$, a lot of people would lose their mind and quit. I don't think so if people would be strong enough to maintain their believe in something which is 10% of what it was before, a thousands dollars. Ofcourse bitcoin has come a long way than what it used to be initially, but I don't think many people would buy in, rather many people would buy out. Or the demand and supply somehow equals out, and has no effect whatsoever Tongue
714  Economy / Economics / Re: Price stability on: August 06, 2015, 10:12:03 AM
I think real stability (where the price of bitcoin does not fluctuate more than a percentage point or 2 per year) is still years away. Bitcoin cannot stabilise and grow rapidly at the same time that's a contradiction in terms.

that kind of stability is not years away, but light years away. people will use bitcoin more and more to pay for things. most of these coins get sold nearly instantly. there is and will always be pressure on the price.
i think that the price will become more stable as bitcoin becomes more mainstream and the trade volume becomes stable to an extent, and most of the coins have been mined.
hmm....... That means you are talking of around the year 2140.
I doubt that you will remain alive till then

The only reason bitcoin is volatile is not because volatility is one of its properties but because how it is currently treated in the market. There are a lot of factors which influence the price of bitcoin, but actually bitcoin is less volatile than all the fiat currencies which have ever existed and will be. Also, after 21 million bitcoins have been mined, everybody knows that more bitcoins cannot be generated but the network also needs to be secure, right? Incentive for mining might decrease, but the generation of new blocks is very necessary to provide the network-distributed ledger of transactions which is publicly available. Miners will still be able to turn a profit from transaction fees.
715  Economy / Economics / Re: Is bitcoin dead? on: August 06, 2015, 10:05:04 AM

There are a lot of opportunities over the internet to earn bitcoins, and lose bitcoins too. If a person grabs on to the right opportunities and uses his skills to benefit his job and himself financially, that is the best way to get paid for part time. Most of the jobs over the internet regarding btc are designed for bitcoin enthusiasts who are young and passionate about what they do.
I may have to agree with you on that , and if i'm not wrong , many new projects/works are going to be introduced that will pay bitcoin as a method of their payment , I've monitored the situation and every year there are new services , so by the right choice , this part time job could even replace the real jobs for some people out there

These jobs are not just related to bitcoin, but all type of altcoins and different crypto currency technology. There are so many projects being launched every month, its crazy to see that things are actually working out in the real world. I am also working with a bunch of people on a new business venture which will integrate bitcoins into our world and help make things easy, I think its a nice way to contribute my skills towards bitcoin, something I truly believe in.
716  Economy / Economics / Re: Best way to turn 2BTC into 4BTC on: August 06, 2015, 10:02:24 AM
Gambling is not the right way to earn money but the best way to loose money  Grin ! You will never earn until and unless you are the house! You''ll turn that 2 BTC into 0 instead of 4!  Lips sealed Believe me  Roll Eyes

How are you so sure about his failure when the sport you are talking about is based on probability? I think the game is biased, and I don't see any issues with gambling except simple social factors like wasting your life and gambling everything, betting everything in hand. Gambling with discipline is a smart choice, a choice fabricated for the luxury of the rich.

I saw many bitcoin gambling sites bite the dust and is way too risky, unless you have a really good roulette system, the rest is really pot luck. I would prefer to take some calculated risk in a few good altcoins. I will take a look at bitshares as well as someone here mentioned it.

I don't gamble online, I like to wear my tie and pay a visit to the casino every 3 weeks, and I think it is a very healthy and mind refreshing game, especially when something valuable is on the line- money. Altcoins are scrap to me, I don't find anything creative there which grabs my interest and I am already dealing with shares, its fun when you have nice vision.

I used to be very cynical about gambling too, but recently I read so many success stories of people who gamble. It was really fun to read and that night, feeling a little too adventurous, I tried my luck and won big. I cashed in when I knew I should and bought btc with half of my winnings, so yes I am prepared for everything. I am waiting for halving and then I will visit the casino again Wink

For every success story there are a thousand losers. I also really wouldn't believe most people unless they had verifiable evidence. Most big winners just seem to lie or big themself up in my opinion. Gambling really isn't a good way to improve your bitcoin holdings but sure yof course you can win but is it worth the risk?

Gambling is a huge market, I am not talking about stupid online gambling websites. If there are a thousand losers, you think you will be one of them? Then that would be a perspective of yourself about you, I always see myself as a man who wins everything at life Smiley Also, the biggest 'verifiable address' is the money in their bank, enough to shut someone up. Gambling is never considered a good way because it has always been portrayed like that in movies and books, so people who have never gambled already hate it. Weird.

Okay, but its quite delusional to speak you`ll win all the time. also its not in your favor so at some point gambling will leave most people more broke before they came.

regardless what method you have, youre at a low odds of come out positive. Unless youre cheating the game and can walk away at any point as well.

Oh sir, I sound delusional to you? Maybe my bank statement would be a decent answer to your question. I am not a representative of the gambling world, I can only offer you opinions but if you think that you are too good to know about the other side of the world, good for you mate. As far as 'methods' go, I believe in the idea of probability and keeping myself alert while I hold a poker face.
717  Economy / Economics / Re: Taxing is legalized robbery on: August 06, 2015, 09:58:35 AM
Yeah, I hate it when thieves break into my house, steal my money; then use it to build roads, pay firefighters, and educate my kids. Fricken thieves.

I sense the sarcasm.

But most of that money we dont really get to see how effective our money goes into that route. I wish there was some progress report or a universal meter everyone can see on how a state tax is being used or something.

Although there have been questions about how efficiently tax money is spent, the sentiments of his post are accurate. Taxation is necessary, giving up percentages of our wealth may not be fun, but otherwise, there would be insufficient funds for things like public utilties, as well as national defense. Volunteers in an ancap society would not be nearly a large enough entity to replace a government figure that develops the society.

Yes, taxes should always be considered as an investment in the future for a better tomorrow, I see a lot of new infrastructure and technology at places I have been. When I first went to Delhi, India, it was nothing but a big crowded market. Now there are metros and huge buildings, great organizations and decent people. Same goes for Greece, I had an amazing vacation there before, and hearing how its a mess now breaks my heart. Taxes are important, not only for the people we live with, but for us too.
718  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: August 06, 2015, 09:54:24 AM
I'm not a huge fan of the whole mindset "don't sell because look at what it could be!" If and when Bitcoin reaches huge prices of $10k+, sure, you won't ever have to transfer your Bitcoin into USD, ever. However, in the meantime, people should be encouraged to spend and trade their Bitcoins, because holding does nothing for spreading Bitcoin.

I believe that bitcoins should be treated just like any other investment one would, and buy and sell it, trade it according to the market situations. Holding is easy, and safe but I don't know, I just think that buying something and keeping it with you for years will make you a millionaire. Weird. I like to trade, so I do it looking how the market is. The power of bitcoin is that once it hits its potential, nobody needs to convert it to USD. People with USD will be running places to convert their money into btc
719  Economy / Economics / Re: How to save money. on: August 06, 2015, 09:50:36 AM
you can to invest and you can to evolve your money.
you can to invest like an propherty and other...
you can to save on bank.. buying home, like that i think..

what do you mean evolve your money? do you mean move your fiat money into bitcoin.

investing as a property isnt the same since its more of a real assest that you can touch, but also serves as a shelter as well. although the annual rise of bitcoin is some comparison to the housing value.

Only if the house is in a really good location like the silicon valley which almost doubles every year which that bitcoin value comparison i get.

I think he meant increase money and not evolve, maybe English writing skills aren't so polished, yet. As for about investing in property, it is a nice way to get money effortlessly. A lot of houses go for rents and people pay so much to live at the place they desire. Holding assets like property is never bad, I think its very profitable, the value of land is only going to increase because the over populated earth.
720  Economy / Micro Earnings / Re: how much can you make weekly? on: August 06, 2015, 09:45:57 AM

Of course they are, especially that some campaigns allow you to post in local boards and off topic. There are some spammers writing in Chinese and Russian as we speak and getting paid ~0.15 a month per account for it. Wink

As for making a living, it's hard to earn more than 0.1 BTC per week from a sig campaign, unless you're farming accounts and spamming with them 12 hours a day. Even if you were able to make 1BTC a month, which requires a lot of posting I doubt it's going to pay all your bills. In most countries you'd need about 2BTC a month to make a living.

There are very less campaigns which allow postings in local boars and off topics, people are paid significantly very less if they post in such boards.
There are many opportunities on different campaigns to earn much more than 0.1 btc per week from signature campaign, you don't need to spam, just login once or twice a day and give responses to people genuinely, the more significant and useful the post is, the better you are paid. As for paying bills with 2 btc, even 0.5 btc is good enough to pay so many bills, 2 are really sufficient.
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