What makes something a good store of value isn't actually if something is instrinsically a store of value or not, it is the perception of the public whether or not the item in question is valuable and a good store of value or not.
Take precious metals for example, you cannot do anything with it. You can't eat it, you can't drink it. When you're out in the wilderness and you get attacked by some animal you can't use it to defend yourself. But people trust in the value of gold, that's why it has a relatively stable performance over the past several centuries.
So if we can get more people educated about bitcoin, it would make sense that bitcoin price becomes less volatile, and will rise more in line in the inflation rate.
Bitcoin has a big future ahead of itself.
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The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.
In short Bitcoin will help many of the super rich become richer...that's all.
Unfortunately I'll have to agree with you here. The current state of bitcoin basically means that the rich becomes richer. Bitcoin unfortunately is being used for illegal activities, especially money laundering. There is really no use for me to deny that, even as a die-hard bitcoin fan. However, that does not mean that we as a community cannot make bitcoin for the better. Projects that provide banking via bitcoin to the unbanked is an example of stepping towards better bitcoin usage in my opinion. And although I agree with you on the front that bitcoin is used for sheltering dirty money, i do believe that bitcoin will be mass adopted, once fiat dies.
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What's up guys! We found this Bitcoin transaction visualizer called Btclisten. It turns bitcoin transactions into bubbles accompanied by soothing chimes. It is an amazing project and keeps me coming back to the site. It is fun watching the bubbles especially those bigger ones which represents bigger amounts. It also shows completed blocks with complete details such as block number, block size, transaction volume and the number of transactions. What do you think? Wow, thanks for sharing the site. It is definitely interesting to see how many transactions actually go through the bitcoin network in real time, let alone being able to see the size of each transaction and also be able to generate some nice music out of it. My suggestion to you(if you are the admin, that is) is to play a different tone each time a block is mined. So a person waiting on a transaction to confirm won't need to refresh blockchain.info 10 times a minute just to check the status of his transaction. What do you think?
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If I have 0$ at the moment can I make 100$ in 2 or 3 months? How? What if I deposited 20$ .. Can I make them 100$ in less time?
What do you even mean by that? If you are talking about trading, since that's the section where you posted your thread in, then I'd say no because with no starting balance, there is nothing for you to trade with. Whether it is forex, altcoin, or anything else. However if you just want an idea of how to get $100 in 2-3 months, that is something that you can do easily just by getting a job in real life, and spending a few hours each day even just on a part time job. Good luck.
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For me there are a lot of ways to earn bitcoin.
- Signature campaigns - Doing online surveys and tasks - Providing services, goods
However the best way would be just to convert your fiat earned money into bitcoin.
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Well I guess albeit some critics there is no proof why this isn't legit and i'm going to give it a shot:
1LmmaRPp13BCz3WR1f7TVgjPAFfvMciBxf
Hopefully this turns out to be true and we can have a good deal together.
Cheers
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Well many times we are forced to stop because we obviously have to run out of balance sooner or later when gambling. And that is what usually ends up happening, for me anyways because I keep gambling until I have nothing left.
Obviously if i made a ton of profits I would also stop. I think i still have at least a bit of common sense in my whilst gambling lol.
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Bitcoin could have hit $2000 but it seems their are too many people pulling back the price whenever it exhibits some momentum by dumping..
i don't think so, it just went high too fast and of course it was dumped for profit, who dumped bought back and has established a new bottom Yeah definitely because there are people who use leverage to trade and if they don't dump quickly enough they won't be able to make a profit and pay back their loan. Obviously when there is hype there will be dumps, that is the harsh truth about such a speculative market. But still, I think that $800-900 is now the new bottom and the price can slowly gain momentum again.
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Bitcoin is a way better alternative than local currency if they are just shopping stuff online while the dollar is more convenient if they do predominantly cash purchases. Bitcoin can substitute successfully debit and credit cards.
Yeah, debit cards and credit cards are prone to chargebacks and the seller has to cop the negative balance in the end. This is why a lot of sellers online now do not accept Paypal or Credit card, but rather only with bitcoin. I think that the biggest difference between USD and BTC is the decentralisation.
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What is happening right now with the value of Bitcoin can all be partly traced to China. Chinese hold a big portion of the quantity of Bitcoin now circulating globally...they can manipulate its value and whatever they do that can affect Bitcoin will have a direct and indirect impact on its market value. Not to mention the fact that pronouncements from the China government in relation to Bitcoin can send the value of Bitcoin tumbling down or rolling up.
And this leads me into thinking...is Bitcoin now tied to China and is there something we can do about it?
Isn't this a bit obvious? If a country is trading large volumes then obviously they will control the markets. Unless there are more people outside of China trading there isn't really anything we can do. Anyways why are you worried about it at all? I wouldn't call this an effect. That's just plain ridiculous.
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Well it really depends on when you are investing in. The timing is as important as the investment choice, that is something to keep in mind in my opinion. If you buy a super good investment item in, but at the wrong time, you're not going to be doing well either.
There are risks in everything and risk and benefit isn't two mutually exclusive things. Bitcoin investing has its risks and that risk may or may not pay off for you, depending on when you buy it.
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Any site that offers you a "mining calculator" is a ponzi scheme or an outright scam that will not pay from day 1.
Why? Because any site that offers you a stable and risk free way of investing, it just won't happen. Mining difficulty goes up a ton each month, how are they going to guarantee the payouts if they are really mining?
Legit cloud mining sites are just outright unprofitable because of the fees they charge.
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Many wealthy people can live off the interest of the money they have in the bank,or other passive income, How high would Bitcoin price have to be for you to live off Bitcoin?
Well it doesn't really matter about the price because bitcoin as a technology will function just as well when the price is $0.01. However for me to live entirely off my bitcoin stash for my entire life, that would take around a $200,000 price per BTC But really we can always convert our fiat paychecks to bitcoin when we receive them, so there is no problem.
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It's very simple - do not gamble what you cannot afford to lose.
This might come as common sense to non gamblers but if you look at the gamblers out there they know that they should gamble only a portion of their paycheck, but they end up chasing a multi thousand deficit and losing more money.
Set a limit to your gambling.
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I invested a small amount in halleybtc.com previously and went to check how the investment was doing (only investing 0.001BTC) when I saw that them and zeus hash have apparently teamed up and have been joined for quite a while. Has anyone profited from this scheme of investment yet or know if there is a problem with it? I was looking on the internet in other places of this forum and noticed withdrawals were frozen previously so this is most likely to happen with oxbtc?
Yeah, halleybtc and Zeushash has teamed up a long while ago. If i remember correctly that was news around a year ago, lol. I wouldn't trust them. They have no conclusive proof of hashing power and you are likely to achieve a negative return on your investment anyways. Not worth the risk at all.
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Name: xypos Rank: Full member Current post count: 422 Wear appropriate sig and or avatar: No avatar, tier 1 pay. Signature has been added. Bitcoin address: 1KuNTiiek41XKg4QMKHVjXLGkQFz4b2mt6
Thank you, nice to see a campaign that does not require that many posts.
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I want to start investing into LTC and BTC and see where I can go with it. Is there any sites someone could recommend me also would help if they also had an app so I can check my account/prices on my phone.
There are a lot of them out there. However most of them need verification which is annoying AF. I suggest if you're just a newbie, not trading or investing but just wanting to get your hands on some coins to experience that feeling, go for Virwox. High fees, but I think it is worth it because they are taking a big risk by accepting reversible methods.
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It seems like you are trying to go long on BTC, i assume? So the collateral is BTC, and I'll send you a USD denominated loan?
I could potentially do this if
- Payment is done by bitcoin - Repayment is done by bitcoin - Escrow holds collateral.
Note "potentially". I could change my mind any time.
Thanks
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I am writing about the sites where you have to make a deposit before buy and the site offers to act as a MM in deals.
How could I know when they are trying to scam me? In general, how do I know if a MM site is trusted?
It's quite obvious. There are a lot of warning bells that should hopefully get any scam sites out of your way: - Admin cannot speak good English - Admin has a history of scamming, or spamming - Domain registration is only for a year or less, when they claim to be here for the long term - Any "HYIPs", "Doublers" - Anything that is too good to be true.
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I would love to see trivias more often, personally. I always enjoying being the faster googler in the chatbox, and it always brings livelihood to the trollbox as well Rains are just too easy to be abused as people often use multiple accounts to claim them, especially on JD where you can tip last x people online. Betking in my opinion has the best promos anywhere. Keep it up.
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