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81  Economy / Trading Discussion / Re: no escrow means scammer? on: July 29, 2014, 11:15:52 AM
People trading bitcoin don't generally take escrow as all trades are very sensitive to both timing and price.
82  Economy / Trading Discussion / Re: Localbitcoins - seller hasn't logged in for 4 days, what should I do? on: July 28, 2014, 04:39:16 AM
I think you're scammed and he might never come on-line, how can you trust an unknown person, all the trust or reputation he said to have gained could have been him trading with alt accounts and increasing his rating just to do this. You didn't use escrow and you send money in mail, so you cannot claim anything, you basically gifted him that money and you're not getting any bitcoins or your money back.

Do you guys ever even read the posts? Or are you just posting to increase your signature campaign post count? He paid me. He logged on. All of his trust is VALID from REAL accounts (or else it would not be displayed under high volume trades. localbitcoins is not stupid).

They are posting for their signature ad without even bother to read your posts.
83  Economy / Speculation / Re: A big dump to $550 can be expected in 24 hours on: July 28, 2014, 04:36:02 AM
550 is only around 5% difference from 580.

It is just noise.
84  Economy / Speculation / Re: Thing about price dropping of BTC that people dont get on: July 26, 2014, 01:27:12 PM
Actually, as more company accept bitcoin for payment, the value might go up because it is then backed by real asset.

Hence the argument, wider adaptation implies higher price.
85  Alternate cryptocurrencies / Announcements (Altcoins) / Re: IDCoin: A Bitcoin for Identity and Reputation Supporting a Web of Trust on: July 26, 2014, 01:25:05 PM
This thread should probably belong to the alt coin section.

In before moving.
86  Economy / Trading Discussion / Re: Newbie problem on: July 25, 2014, 04:55:24 AM
Should probably write it off as scam.

Please post his alias and leave him negative trust so other know.
87  Economy / Speculation / Re: Something BIG will happen to Bitcoin this week ... or next on: July 25, 2014, 04:54:33 AM
I am entering short on this pullback.

Will short full position at around $610 or so.

Tight stop

The Ethereum crowd probably going to cash out their newly found wealth.

They raised 7k BTC and counting. Can't believe how gullible some people are.

88  Economy / Service Discussion / Re: are localbitcoin implementing kyc by the back door? on: July 22, 2014, 04:34:55 PM
Some sellers will need more information from buyer to prevent charge back and scam.
89  Other / Off-topic / Re: I got an email from the FBI!!! on: July 22, 2014, 04:28:51 PM
Anyone getting phone call claiming to be IRS or Homeland security?
90  Other / Off-topic / Re: Precognition anyone? on: July 21, 2014, 05:28:11 PM
Having precognition implies the universe has determined outcome and there is no free will for any living organism.
91  Economy / Service Discussion / Re: Havelock Investments - Exchange feedback/comments on: July 21, 2014, 05:25:01 PM
Why do some stocks have huge yield (over 500%) while others have the conservative ~4%? Does it factor down to risk vs. payoff?

The formula is:

Annual Yield = (Annual Dividends/Share Price)x100

Annual dividends assumes last dividend.

So for a share that pays weekly:

Annual Yield = ((last dividendx52)/Share Price)x100

How sustainable is the high yield stock?

Anyone actually making money betting on bitcoin company?

It might not be sustainable at all, you can clearly see the problem with this formula assuming only the latest dividend.

There's money to be made, but it's not easy...

Then it is a sucker game with negative expectation for holding stock.
92  Economy / Service Discussion / Re: Havelock Investments - Exchange feedback/comments on: July 20, 2014, 02:40:44 AM
Why do some stocks have huge yield (over 500%) while others have the conservative ~4%? Does it factor down to risk vs. payoff?

The formula is:

Annual Yield = (Annual Dividends/Share Price)x100

Annual dividends assumes last dividend.

So for a share that pays weekly:

Annual Yield = ((last dividendx52)/Share Price)x100

How sustainable is the high yield stock?

Anyone actually making money betting on bitcoin company?
93  Economy / Economics / Re: Faster adoption on: July 20, 2014, 02:38:27 AM
Why bother? It's not like BTC is even that useful in retail. Let it first prove itself by conquering the international remittances market and e-commerce.

Why is it not useful in retail? I love the idea of not having to depend on a credit card company to buy simple, cheap items. If I can just scan a QR code and pay directly that sounds so much easier and convenient.

Price volatility is the main reason.


I'm surprised that someone on this forum would regurgitate an incorrect statement like this. 
Bitpay and coinbase remove the risk of volatility completely. Period.

This only remove the risk on the merchant side. What about consumer side?

If consumer only buy bitcoin on demand before paying, why not stick to fiat or credit card?
94  Economy / Economics / Re: If you had to choose one fiat currency to keep your money in... on: July 18, 2014, 07:39:02 AM
Euro is very cheap now. I expect Euro to rise in value when their economy improve in a few years.

Cheap is a relative term. The price is where it is for a reason, mainly because EUROPE as a whole can no longer compete on a global scale.
95  Other / Politics & Society / Re: Malaysian Plane 'Shot Down With 295 On Board' in UKRAINE on: July 18, 2014, 07:21:05 AM

no surprise to me whatsoever that this kind of thing happens just after they manage to get Ukraine onto the EU side. It stinks of US/Western false flag.

Same event happened a few years ago with Georgia. Coincident or something bigger at played?
96  Economy / Economics / Re: Faster adoption on: July 16, 2014, 11:29:26 PM
Why bother? It's not like BTC is even that useful in retail. Let it first prove itself by conquering the international remittances market and e-commerce.

Why is it not useful in retail? I love the idea of not having to depend on a credit card company to buy simple, cheap items. If I can just scan a QR code and pay directly that sounds so much easier and convenient.

Price volatility is the main reason.
97  Other / Politics & Society / Re: US recognise Donetsk and Lugansk Republics. on: July 16, 2014, 11:15:09 PM
Poking an angry bear next to Europe. Good strategy to strengthen USD at the expense of EURO.
98  Other / Politics & Society / Re: Saturated fats are not bad for you. on: July 15, 2014, 06:36:32 PM
Doctor needs to scare patient into buying their prescription drug.
99  Bitcoin / Bitcoin Discussion / Re: Inside dark wallet on: July 15, 2014, 06:33:02 PM
Anyone with technical skill care to point out if dark wallet concept work?
100  Economy / Marketplace / Re: Is there a site like ebay that accepts bitcoins? on: July 15, 2014, 06:31:14 PM
Anyone remember/ use bitmit.net? I sold most of my valuable possessions for bitcoin on that site at $12 a btc. Totally great

Bitmit shut down after it is hacked by the hosting company employee.
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