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8001  Economy / Services / Re: Follow my twitter handle and I will follow you back on: June 30, 2016, 11:10:59 AM
Quote

Thanks friend!

I hope op is going to consider my suggestion that all of the people here who are following him on this thread. Will allow him to be written in the first page so that other people who are going to follow us also and we will follow them back automatically.

Hi, Good suggestion. but I really don't have time to collate all the account that have followed my twitter handle. So if anyone can collate it and send me a PM, then I can certainly update the main thread.

My ultimate motto behind this thread is to get original and crypto related followers. If I can help others for the same, I will be glad.
8002  Economy / Economics / Re: Do bitcoin casinos have that power to make changes in the price of bitcoin ?? on: June 30, 2016, 11:07:43 AM
Apparently not! Casinos don't have the power to impact bitcoin price. However, if the casino owner starts selling a huge amount amount of bitcoin, then you may see a little impact though.

Frankly speaking, selling of 100-150 bitcoin will not have any impact in the market. However, a cumulative effort can do a little. But on thing bitcoin casinos can do, is that they can steal money from general people who are greedy to earn more by gambling. They always forget that "the house always wins".  
8003  Economy / Services / Re: Follow my twitter handle and I will follow you back on: June 30, 2016, 10:54:51 AM
All follow back done till date....Thanks everyone!
8004  Economy / Economics / Re: 1,000 bitcoins on: June 30, 2016, 04:49:17 AM
DO you have any website?? Any proof of ownership of 1000 bitcoin? Any credentials??

People will not believe you unless you show them some proof. Also it is a good idea to use escrow of funds before initiating any big transaction with anyone. Do you have any previous experience as an exchanger? Please let us know more about you so that we can believe you before initiating any financial transaction with you.
8005  Other / Off-topic / Re: Do you use multiple Bitcoin Wallets to store your Bitcoins? on: June 30, 2016, 04:43:14 AM
Yes, certainly I do use more than one wallet to store my bitcoin and it is a wise thing to do so.

Instead of dumping all your bitcoin in one place it is always better to diversify. In terms of investment as well as for storing.

It is safe and even if your one wallet is hacked by some hacked, you can at least save some of your bitcoin holding.
8006  Economy / Speculation / Re: What Bitcoin price is too high? on: June 29, 2016, 10:25:46 AM
That depends on many factors. For me, o bitcoin price is too high because, it should be considered along with the world's economic situation. Bitcoin is like gold, even though most of the investors do not know about bitcoin. But when the stock market crashes, the gold price increases because of huge buying order. It is because people want to safeguard their investment.

So bitcoin also has a similar nature and can be used for investment while the world economy trembles. For me $1000 + is not a very high price for bitcoin. It has a potential to reach up to $10k USD.
8007  Bitcoin / Bitcoin Discussion / Re: Is bitcoin being used for illegal activities on: June 29, 2016, 04:26:53 AM
Everything has two sides, one is positive and another one is negative. But we need to see that where is the majority.

I think majority of bitcoin users are using it in a legal way and just a handful of them are using it for illegal transactions. However, this does not decrease the importance of bitcoin. Bitcoin is a life changing innovation and one should use bitcoin to make their dreams come true. Criminals will be there but does it really bothers you?
8008  Economy / Services / Re: ⚑ BitcoinTalk.Club Avatar Campaign ⚑ ❰❰ Join the Club ❱❱ [OPEN] on: June 29, 2016, 04:21:29 AM
Received my first payment from this campaign. Thanks!
8009  Alternate cryptocurrencies / Altcoin Discussion / Re: can we convert altcoin to bitcoin on: June 28, 2016, 02:45:52 PM
That is a very easy thing brother! We have so many exchanges nowadays running in the market. Like c-cex or yobit.

Create an account with any of them. Send your altcoins to your exchange account and sell it for bitcoin. How easy it is. This is also called basic trading in other hand.
8010  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin be replaced by another cryptocurrency? on: June 28, 2016, 02:42:34 PM
It is not impossible but it looks hard. Bitcoin is a pioneer in crypto currency and usually pioneers really last long. However, bitcoin will be available till 2023 only.

So it is very much possible that people will start mining another crypto currency after the bitcoin reserve is depleted. This way bitcoin can be replaced from mining. But I see no reason that bitcoin will be out of the market even after being depleted from mining core. It is possible that bitcoin will touch to an enormous height after 2023.
8011  Economy / Services / Re: Follow my twitter handle and I will follow you back on: June 28, 2016, 07:20:57 AM
All followback done! Thanks for your continued support.
8012  Economy / Speculation / Re: Bitcoins Price will stay at 654.54$ this June to July on: June 28, 2016, 07:18:27 AM
I do believe that bitcoin price will not be capped at the current level by the end of this month. A halving is coming in about 10-11 days and the price will go up to the $680 - $720 level.

However, it also depends on the buying orders received in various exchanges. So if yu need t keep track of the price, also look at the market cap and the volumes of buying orders. These are two major factors behind its price fluctuation.

But I expect the price will go up by the end of July at $700 level.
8013  Bitcoin / Bitcoin Discussion / Re: Is bitcoin can be used as a method of payment online? on: June 28, 2016, 07:14:35 AM
Bitcoin can certainly be used as a payment processor for any online website. But it has its pros and cons. The dynamic price of bitcoin is the main constraint to add bitcoin as a payment processor.

If the price goes up then the store owner will be making huge profit. But if the price goes down drastically, then the store owner needs to have a contingency plan to make up the losses incurred.

Also you need to have a benchmarking policy to decide the price of a product if bitcoin is offered as a payment option. Which is almost impossible for a small store owner. So I think we all should consider bitcoin as an alternate investment option instead of using it as a regular currency.
8014  Bitcoin / Bitcoin Discussion / Re: Bitcoin in the year 2100 on: June 28, 2016, 04:20:30 AM
What will the Bitcoin network look like in the year 2100?  Will people still be running and using Bitcoin?

So Exciting.  What will the world look like in 2100?  Will Bitcoin play a part in it?

~CfA~

I won't live till 2100 so I really am least bothered. But if people use bitcoin even in 2100, then it is very very sad. In 2100 I expect technology to reach a new height which today's people can't even think of.

Probably we will see a lot of innovations that will change the course of economy and we will see a new set of digital currencies. Bitcoin will be counted as antique I guess.
8015  Bitcoin / Bitcoin Discussion / Re: Have u ever received BTC accidentally or randomly? on: June 27, 2016, 03:37:12 PM
I guess I am not that lucky to receive free bitcoins out of the blue. No such things never happened to me.

I had to always earn my bitcoins. Be it from trading, mining and signature campaigns. Nothing came free to me. I had to spent a lot of time to earn my bitcoin. Instead I received less bitcoins few time than expected. Cheesy
8016  Economy / Service Discussion / Re: TopMine is dead! on: June 27, 2016, 04:38:13 AM
Topmine is dead a month back. I requested a dogecoin payment from them and they straight away deleted my account. Since the amount was very small, It did not affect me in any way.

I tried contacting their support twice, but they did not respond. Now it seems like every single loud mining program are just another form of HYIP and ponzi. No reliability at all. First cldmine and then topmine. Just heard that hashocean has also collapsed. the owners are now millionaires.

8017  Economy / Speculation / Re: 626 $ what!?!? Halving incoming.. on: June 26, 2016, 02:46:37 PM
That is a very very normal thing for a currency like bitcoin and I am not worried at all.

The recent price increase happened due to the chinese intervention. They wanted to send money outside country due to the falling price of yuan and instead of using regulated way of sending money, they chose bitcoin. Due to high buying orders, the price went up.

Now they are selling their bitcoins and the price has gone down. These are quite natural for any exchange traded currency. You should hold your bitcoin for price increase but you should think about long term. Shorter terms will not give you any good profit.
8018  Economy / Economics / Re: The future of the paper money on: June 26, 2016, 02:40:56 PM
I see no threat to the future of paper money. Not at least now!

The paper money will be used forever and ever for your daily transactions. If you are not buying everything from a supermarket and using small shops to buy your daily supplies, then paper money is the only thing that is accepted.

Remember, most of the world population is unaware about bitcoin and all they know is paper money. So I see no threat to paper money for the next 30 years at least.
8019  Other / Off-topic / Re: Would u still use Bitcoin if u were a USD multi millionaire? on: June 26, 2016, 10:18:21 AM
If u were a USD multimillionaire, say right now, immediately, would u still use Bitcoin or would u ignore it?

What would u do? What would ur plans be?

~CfA~

Multi million!!! Whoooa!!

Well, it depends. If I see that my assets are depleting fast, I will turn in to bitcoin for sure to safeguard it.

But if I can see that I can make my dreams come true with the USD I have and also growing it, then I will concentrate more on growing USD which I already have. However, as of now I am only accumulating more and more bitcoin to make my dreams come true.
8020  Bitcoin / Bitcoin Discussion / Re: Please teach me how to grow my bitcoin on: June 26, 2016, 09:51:51 AM
Trade trade and trade. This is the best way to grow your bitcoin to an uncharted territory. Though it is not risk free but if your learn well, then you can certainly make out a very good profit with your 200 USD investment.

ANother way you can use is p2p loans. Use websites like btcjam and btcpop and give out loans to the person in need. You will earn interest on your investment. However, a high amount of risk is involved in it. So choose wisely.
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