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7981  Economy / Economics / Re: If bitcoin price is $10.000, will fiat be worthless? on: July 09, 2016, 02:23:00 PM
Fiat currency will never be worthless because of alone bitcoin, even if bitcoin goes up to 1 million.

Fiat currency is backed by some tangible asset but bitcoin is backed by people's trust only. Bitcoin is not a physical currency and not also backed by any government.

BItcoin is just an innovation which showed us the way to financial freedom without being tracked by the nodal agencies of government. But fiat will never be worthless.
7982  Other / Off-topic / Re: Will you accept bitcoin as your salary? on: July 09, 2016, 02:17:21 PM
Absolutely not! IT is not a very wise decision to take salary in BTC  at least now. BTC price is very unstable and it can go way down any time.

SO if in your salary day bitcoin price is $750 then you will receive less amount of bitcoin. But if on the second day bitcoin price goes down to $650, you will be in a huge loss. One should not experiment with their salary. 
7983  Bitcoin / Bitcoin Discussion / Re: Marijuana users soon to flood and use bitcoin! on: July 08, 2016, 04:13:05 AM
Since marijuana is still not legal as per the federal law, people are expected to use cash instead of keeping the profit in to banks. So most likely it will increase bitcoin or similar coin transactions. but I doubt there will be an impact in bitcoin market due to that.

Because there are so many alternatives like paypal and perfectmoney.
7984  Bitcoin / Bitcoin Discussion / Re: EU proposes stricter rules on Bitcoin on: July 07, 2016, 02:46:27 PM
EU is good for nothing. After Britain's exit, it is in danger. With negative GDP to negative bank rates prove that EU can't make better decisions for their own economy. Now they are trying to steal money from normal people.

It seems like that EU wants its citizens live a miserable life and controlled by their government. How funny it is. Britain has taken right decision.
7985  Bitcoin / Bitcoin Discussion / Re: Why it is better to buy things with Bitcoins rather than another currency? on: July 07, 2016, 02:41:01 PM
It is not wise to buy things using bitcoin instead of other currency. Always use fiat currency if you want to buy your daily groceries or mobile recharge kind of stuff.

Because bitcoin has a huge upside potential that any other currency. Since it is decentralized, bitcoin price can grow to any extent within a short period of time and even can fall to any extent. Seeing its popularity, it can be assumed that bitcoin prices will grow in the long run. So why waste it??
7986  Bitcoin / Bitcoin Discussion / Re: Setting up a bitcoin ATM, what location do you propose? on: July 07, 2016, 02:26:29 PM
For setting up a bitcoin atm choose shopping malls or some place where most of the educated people hangs out.

Bitcoin is not a cup of tea for poor people. Most tech savy people knows bitcoin and they are educated. So using shopping malls or big corporate premise would be an ideal place for setting up a bitcoin atm if you make out some profit from this atm machine.

But if you want to spread awareness about bitcoin among masses, the choose railway stations.  
7987  Bitcoin / Bitcoin Discussion / Re: Good or Bad - North Carolina Governor Signs Bitcoin Bill Into Law on: July 07, 2016, 02:23:36 PM
government signing anything related to money will not have a good impact on its citizens. SO whoever lives in North Carolina, should start using VPN to access any bitcoin related activities in the internet.

start using TOR browser and paid multi city VPN before you get caught for earning bitcoin sitting at your home.
7988  Other / Off-topic / Re: What you do with BITCOIN ? on: July 06, 2016, 03:36:24 PM
Frankly speaking I do not spend bitcoin in any way. I am just accumulating more and more just to make my dreams come true with it.

I believe bitcoin will reach to an uncharted territory if I hold it for another 5 years. So I am looking forward to that.

I do trade with my altcoins regularly and I buy bitcoin in every downslide. I really do not want to spend my bitcoins for buying any silly things.
7989  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Valorbit | VAL | https://valorbit.com | Valorbit coins Distributed By Humans on: July 06, 2016, 02:35:36 PM
This coin is as good as dead now.. I had faith on the dev but he disappointed big time. Neither he logs in to the bitcointalk account, nor he gives out any progress information.

The only good thing is that the free distribution has stopped since May 2016. But it was quite late. Many people have earned millions of free VAL. I don't see a very good chance that the coin will ever revive.
7990  Bitcoin / Bitcoin Discussion / Re: Is bitcoin can be used as a method of payment online? on: July 06, 2016, 09:00:20 AM
There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?


Certainly! Bitcoin is a decentralized peer to peer digital currency. So most definitely you can use it for online transactions. But my opinion is that, please don't use. Because you will be spending a fortune for silly things.

Buy superbikes and cars with bitcoin is ok. They may be in your dreams and you always wanted to get one. But buying mobile recharge and daily groceries is not ok. Fiat is the best things to spend for that.
7991  Other / Archival / Re: Where you get Bitcoin ? on: July 06, 2016, 08:54:24 AM
Faucets are the only way where you can get bitcoin for free of cost without investing a dime.

However, all the other ways like cloud mining and trading will be required some initial investment. It is a good idea to buy a little amount of bitcoin using the fiat currency and start trading with it. That's how I have started after getting some funds from fauceting. Also you can try p2p loans. But again you need some initial investment.
7992  Bitcoin / Bitcoin Discussion / Re: So, why do we need to use Bitcoin? on: July 06, 2016, 03:54:59 AM
Your question sounded like "why do u want to become rich?"

That's the main motto behind using bitcoin. It has an enormous potential to become big and anyone holding bitcoin bitcoin can make out a big profit out of it. I think that's the reason behind most people using bitcoin nowadays.

Frankly speaking I don't want to buy my daily groceries using bitcoin. I see it as an alternate investment opportunity.
7993  Bitcoin / Bitcoin Discussion / Re: Did U ever go to any Bitcoin Convention/Meeting/Party/Fair? on: July 05, 2016, 04:15:36 PM
Definitely not! The reason is simple, I don't want to revel my ass to the public. I have my own money making methods and I am happy with it.

Going to public means reveling your identity to everyone. Who know, probably the central regulatory agency will be watching that party members. Probably they will be tracked down later.

It is wise to avoid such gathering as per my understanding.
7994  Bitcoin / Bitcoin Discussion / Re: How huge is the Bitcoin Invention in History? on: July 05, 2016, 04:10:11 PM
Bitcoin is a path breaking innovation because it changed the entire concept of online money. It came up with a concept that money can be mined through a computer program. It completely changes the thinking of existing online earners.

It has given the power to the common man by inventing a decentralized currency for the first time in history.
7995  Bitcoin / Bitcoin Discussion / Re: If you recieved random BTC, would you return it? on: July 05, 2016, 04:07:46 PM
If I receive a small amount of BTC then I would definitely not return it. However, if I receive a serious amount of BTC like more than 1, then I will surely return it to the payment address after deducting the transaction fees.

Because. I don't know the source of the fund. Small amount of dirty fund is ok for me, but not any serious amount. So I will definitely return it.
7996  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin Really End World Poverty? on: July 05, 2016, 02:35:30 PM
No. Bitcoin can't end world poverty but it certainly can make a tech savy guy richer. However, if you talk about making payments, then definitely bitcoin can transfer funds from one place to another place faster but that is not going to end world poverty.

Because such kind of payment facilitator was present from a long time in the world like paypal, perferctmoney etc. But they did not help poor people. This way just by facilitating payment, bitcoin can't end world poverty.
7997  Bitcoin / Bitcoin Discussion / Re: When can we buy fried chickens with bitcoin. on: July 04, 2016, 06:05:18 AM
With many theories and probability streaming over the worldwide media, bitcoin was foreseen to be the future legal tender in the international market in the near future. But the question is when will it happen. In the Philipines using a third party company the so-called coins.ph will allow you to pay electric bills, water bills, telecommunications billing. This small event show the potential future of bitcoin as an international legal tender. Soon we buy fired chickens with bitcoin.

Bitcoin was never meant to buy your daily groceries or fried chicken. It doesn't have the basic characteristics to become a normal currency like USD. Bitcoin is an alternate investment route and one should treat bitcoin like that only.

Invest for a long time and you can make your dreams come true. If you spend your bitcoin for buying your daily stuff, I'm sure you will regret one day for sure.

Who says that, please quote your source. The Bitcoin white paper calls it a A Peer-to-Peer Electronic Cash System, not an alternative investment option. ^hmmmmm^ Satoshi never meant for people to hoard all their coins and wait for the price to rise, and to make profits from that, it was a cash system. What do you use cash for? Daily groceries and friend chicken. ^smile^

Yes, you are correct by definition. It is a decentralized and peer to peer electronic currency. I too agree that there are many small service providers who accepts bitcoin as payment for their services.

However, lets do a small calculation: (assume, bitcoin price is now $675.00)

Today if you buy a fried chicken platter for $20 so as per bitcoin current price, you paid 0.03 BTC to the seller.

Now after some day, bitcoin price rose to $795 (which actually happened few days back)...so your 0.03 BTC is valued at $23.85. So you are making a loss of 13.85 USD on a single bitcoin platter.

In this context I said, it is better to restrain yourself from buying daily groceries using bitcoin and store if for a better time. Instead use your fiat do all these things.
7998  Bitcoin / Bitcoin Discussion / Re: When can we buy fried chickens with bitcoin. on: July 04, 2016, 04:49:30 AM
With many theories and probability streaming over the worldwide media, bitcoin was foreseen to be the future legal tender in the international market in the near future. But the question is when will it happen. In the Philipines using a third party company the so-called coins.ph will allow you to pay electric bills, water bills, telecommunications billing. This small event show the potential future of bitcoin as an international legal tender. Soon we buy fired chickens with bitcoin.

Bitcoin was never meant to buy your daily groceries or fried chicken. It doesn't have the basic characteristics to become a normal currency like USD. Bitcoin is an alternate investment route and one should treat bitcoin like that only.

Invest for a long time and you can make your dreams come true. If you spend your bitcoin for buying your daily stuff, I'm sure you will regret one day for sure.
7999  Economy / Services / Re: Follow my twitter handle and I will follow you back on: July 04, 2016, 04:43:41 AM
Little update - i followed every cryptorelated account posted till now.

Friendly reminder: https://twitter.com/BTC_Planet

I can't see you in my followers list...however, followed you.

All followback done..Thanks!


8000  Economy / Services / Re: Follow my twitter handle and I will follow you back on: July 03, 2016, 03:43:13 PM
bump  Smiley
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