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821  Economy / Speculation / Re: BTC is like a bible book on: March 25, 2015, 05:25:25 PM
those who believe in BTC, they think it's precious and will rise again.

But those who don't believe in BTC, it's just bullshit nonsense fantasy
A man dying and then resurrecting flying up the sky as the prophet of God is nonsense fantasy.
The fact I can send a million dollars through skype by exchanging QR codes with a smartphone bypassing endless fees and limitations is indeed a FACT.
822  Economy / Economics / Re: $18 trillion in debt. $18 trillion is a lot of money... on: March 25, 2015, 05:23:19 PM
The thing is, the dollar will never effectively collapse as long as people keep accepting dollars all over the world. They can keep getting away with the printing money thing as long as people accept said money.
823  Economy / Economics / Re: Washington’s $210 Trillion Deficit on: March 25, 2015, 05:04:09 PM
Could someone explain how this relates to Bitcoin? The overall Bitcoin economy and such doesn't register at all in this kind of discussion, does it?

The more governments screw up their monetary systems, the brighter Bitcoin's prospects become.  Smiley

This would be the logical thing to think, but for this to become a fact we need educated people to know what Bitcoin is, otherwise if they want to save their money somewhere they will go for the classics (USD and metals).
824  Economy / Speculation / Re: Can we see the bottom? on: March 25, 2015, 05:01:51 PM
He talks about setting a stop loss at 241 as if that would save your ass... with Bitcoin you never know, and you might as well cancel your orders right when it starts to climb back up to 500+. Personally I never leave orders opened or else I cant sleep.
825  Bitcoin / Bitcoin Discussion / Re: What is the reason behind the surge of merchants accepting Bitcoin in 2014? on: March 25, 2015, 04:58:55 PM
They may have intelligent people on their ID departments which noticed Bitcoin and thought it would be dumb to not be pioneers into the future. Plus it takes literally 0 effort to accept.
826  Bitcoin / Bitcoin Discussion / Re: i doned it i buried my private keys in concrete underground no one will know on: March 25, 2015, 04:57:31 PM
i got a jar from asda with non metallic lid and i put all my laminated offline wallets from doge to btc in it and buried it 12 ft deep reinforcede concrete box in my garden with a digger and cemont mixer i hired

12ft underground? You can't reach 12ft underground with a digger. You would have to dig in levels, which means you would have dug up the whole garden of yours and where did you put the mud while you were digging?  Cheesy

Nice idea nevertheless.
Yaeh 12ft underground seems overkill, you would need to call professionals with huge machines which would alarm the neighborhood, not a good idea, it seems safer to hide them under the bed at that point.
827  Other / Off-topic / Re: Do girls use Bitcoin ? on: March 25, 2015, 04:55:32 PM
In 2013 I sent 0.4 btc to a girl to purchase a his comic book. (She didn't spend it yet)
In 2013 Bitcoin was a lot higher than it was now innit? What kind of comic book could be that expensive? lol, she probably holded it waiting for more, but now look at what happened Sad
If she wants to be a rich granny she can hold it.
828  Economy / Speculation / Re: Trading with low amounts? Does it make sense? on: March 23, 2015, 07:45:45 PM
A 10% gain is 10% gain no matter how much you decide to trade with. Trading with $60 is no different than trading with $60k except it's easier to get in/out once your target (or stop-loss) is reached. If that's all your risk tolerance allows, then so be it. Profit is profit and you can't bitch about profit no matter how small it is. The only regret when you're winning is that you didn't risk more, but this can also be a good thing if you make consistent losses. Even those small wins eventually add up if you win more then lose.

Since fees are percentage based, it doesn't matter as long as you factor the fees in. If you buy at 290, make sure you sell above 292.90 (1%) minimum. That accounts for round trip fees and you are at least a little better off than before you started. Obviously you'll want to go for bigger gains, but use that as a minimum or "break-even" trade.

I am just someone who tried, who has no idea about trading.

Check out trading futures on okcoin.com .  You can utilize up to 20x leverage.

That's a disasterous combination.

If fees aren't an issue then a good trading system will work with big or small amounts. Try and find one, read, understand, then risk your money, not the other way round.
Do trades 'on paper' until a system proves itself.
As they say "Only risk what you can afford to lose".


Good advice^

I do altcoin trading only and my problem is it's difficult to trade with big quantities of money because the volumes are not big enough to sell at good prices. For example trading with 10 BTC alone can start being a pain in the ass. You buy tons of a cheap altcoin, worth 10 BTC. Wait for a pump, then you intend to sell at the top but there isn't enough people to buy all the cheap coins you bought for 10 BTC. So you are pretty limited to stablished coins which are few, like Monero, Litecoin, or the other few that have a decent amount of volume.
829  Economy / Economics / Re: destroying bitcoins on: March 23, 2015, 07:39:33 PM
Since the bitcoinprice decreased a lot last year I would like to destroy some bitcoins.
Destroying some bitcoins can have a serious positive impact on the price
If every human being could destroy 0.001 BTC we would half the amount of bitcoins in circulation, increasing the price of bitcoin in compare to other currencies.
But every satoshi could help a bit... This is the best way to support bitcoin

The private key of this wallet is lost (on purpose) and those bitcoins will never be able to get out of this wallet (or heaven?  Cheesy )
1NCXw6rkcdfDuKRbhVhrshzHD9QQkQiVAr

People who helped destroy bitcoins to raise the btc-price:
leen93 : 10.000 satoshis



FIRST GOAL TO REACH : 100.000 satoshi
LOL, dumbest thing i've read all day. It's probably your address. What we need is more adoption, that's all thats needed to sky rocket he price. Unless you get a whale to "destroy" tons of them it will never have a real impact on the price.
830  Bitcoin / Bitcoin Discussion / Re: Would you name your baby Satoshi for 150 bitcoins? on: March 23, 2015, 07:37:49 PM
Yes, but I would go live in japan and raise him there so his name is not funny sounding and he doesn't get mocked at school. Im sure he would enjoy the 150 million dollars later on and thank me Smiley
831  Bitcoin / Bitcoin Discussion / Re: Carve a private key into a stone? on: March 23, 2015, 07:19:53 PM
That's a bit paranoid don't you think? If you have a couple of hard drives and usbs they should last enough years before a single one fails. As one fails make a new backup. This way you will never lose them.
832  Bitcoin / Bitcoin Discussion / Re: You can buy Bitcoin in Austria at nearly every corner on: March 23, 2015, 07:18:07 PM
http://cointelegraph.com/news/113424/austria-gets-600-merchants-selling-bitcoin-overnight

Finally, something happened in Austria, I can be proud of.
Do give some background. Trafiken are the only shop, where you can buy tobacco ware(of course there are also vending machines for that) and lottery scratch ticket. There are some really fucked up laws about that in Austria. So, in Austria there is always a Trafik near you, so you can feed your lung cancer, now that also goes for Bitcoin.


Yup it's going great in austria, got a friend there and he asked me if i knew what bitcoin was. If I was an early investor I would live there and live off BTC only.
833  Economy / Speculation / Re: Do you think Buffett was right? on: March 20, 2015, 06:32:25 PM
I read somewhere recently that 40% of berkshire hathaway is shares in wall street banks and legacy financial firms. His opinion is not objective.

On dataroma you can check Berkshire's portfolio in december 2014.
http://www.dataroma.com/m/holdings.php?m=brk

Financials he was invested in at that time: Wells Fargo 23,23%, American Express 12,9%, U.S. Bancorp 3,29%, Goldman Sachs Group 2,24%, Moody's Corp 2,16%, Bank of New York 0,82%, M&T Bank Corp 0,62%, Visa Inc 0,60%, Mastercard Inc 0,43%,

Sector analysis: Financials 45,57 % of the whole portfolio.

You're right mate!
Warren Buffet has never invested in anything too risky or revolutionary like Bitcoin. Most of his picks are always safe, solid ones and he holds them for long times. He's not got a say in Bitcoin because he doesn't understand it.
834  Economy / Speculation / Re: Try to answer the difficult questions... on: March 20, 2015, 06:10:27 PM
Suppose we have a technology at our disposal where we can move fiat currencies or anything else of value (that is not supposed to be double spent) using a distributed ledger system (allowing cheap, instant, global trust-less transfers) that is not dependent on the price of a native cryptotoken (that in this case you would not need) and using this distributed ledger system for smart contracts. In this case, should bitcoin be  valuable?


What do you think? Yes? No?
Why?



VC money in the crypto space is more interested in the blockchain that in bitcoin, as any statement from these entities clearly shows. They all agree that "the blockchain is the main innovation".

So far the criticisms to the "it's about the blockchain, not bitcoin, stupid" way of thinking (http://www.miscmagazine.com/its-the-block-chain-stupid/) consist in saying that the blockchain is dependent on bitcoin (the miners need an incentive to keep the network running, the price of the token needs to be sufficiently high because security etc).
Therefore no bitcoin = no blockchain  (https://twitter.com/nvk/status/522115773918359552)


But what if we had a system that works with decent security that doesn't rely on that cryptotoken? Wouldn't that make all cryptocurrencies themselves pretty much useless (unless they have a specific purpose that is not just a necessary security mechanism)?


Then sure, you might simply consider bitcoin to be valuable because it can be a store of value/new currency/replacement of fiat. But the world might not find these use cases to be useful, compromising bitcoin's high valuation scenarios.

Even if Venture Capital money is dropping their money and interest in the blockchain itself and not Bitcoin, it doesn't change the fact Bitcoin is the original implementation of the blockchain. It will always be the "to-go" reference.

And beyond that, what you propose is still the scam fiat scam plastered all over the blockchain. Im on Bitcoin because I know there is a limited supply and it's all fair game. This will never be the case with goverment issued currencies.
835  Economy / Economics / Re: Is there still way to make money on mTurk even if my country is not included? on: March 20, 2015, 06:06:28 PM
Is there still way to make money on mTurk even if my country is not included in their program?
You should be able to bypass the registration limitation in your country by using a free proxy, not even necessarly buying a legitimate VPN.
If you need to be outside that country for the whole process and not only registration, you may need a VPN.

MTurk can be a pain in the ass tho. Unless you are in a poor-ish country, not sure if its worth it more than a real job.
836  Economy / Economics / Re: Can you write list of websites where money can be made with signature campaign? on: March 20, 2015, 06:02:46 PM
Can you write list of websites where money can be made online with signature campaign (like on bitcointalk.org) ?
I don't know any other sites with active signature campaigns going. There's another less active bitcointalk.org and also cryptocointalk. Try those.
837  Other / Beginners & Help / Re: Any Tips for getting a Start with Bitcoins? on: March 20, 2015, 05:34:30 PM
You should work and buy some bitcoin with your salary instead of clicking faucets.
Faucets do not give you lots of btc.
I've made all of my BTC doing dollar cost average, in other words buying BTC monthly at whatever price it is right when I get paid, with an amount that I would usually waste on unnecessary stuff like boze on the weekends. So im getting fit while making a decent amount of BTCs monthly. The sig campaing helps too but it's not enough for it to relevant, i just post regularly whenever I can while I take a break from work like most people.
838  Other / Beginners & Help / Re: Is there a way to earn 50$ in a month from faucets ? on: March 20, 2015, 05:28:53 PM
It isn´t hard to earn 50 USD per month.

You have to create a good faucet rotator.
Like this one. There is more than 500 faucets. (at some of them you can win 0.1 BTC.... but it is like a lottery)

http://btcrotator.wz.cz/

If you put my sig on your account and make 20 posts.
I can provide source + i will tell you how to edit....

 Wink


Good faucet rotator and more faucet inside and it will make your hand should quickly do it all when everything would be resolved and I have not tried to finish,my hands are not strong enough to solve all  Cheesy
There's no shortcut To make 50 USD a month out of faucets it would require a staggering amount of captcha solving. You would end up developing carpal tunnel syndrome.
839  Bitcoin / Bitcoin Discussion / Re: Paypal President's Bitcoin Fascination on: March 20, 2015, 05:15:23 PM
Paypal President Fascinated With Bitcoin

http://bitforum.info/t/paypal-president-fascinated-with-bitcoin/547

What's holding them? I mean, merchants all over the world is lining up for bitcoin integration, why not them?
Why not look bitcoin as an ally and not as an enemy?
They can make more money together, I think..

Isn't Paypal official working with Bitcoin already? before I go insane.. please somebody tell me what this is then?

https://www.youtube.com/watch?v=pF7HxLCFMeY&feature=youtu.be&t=8s
840  Bitcoin / Bitcoin Discussion / Re: Winklevoss Twins Is At It Again on: March 20, 2015, 05:13:34 PM
Winklevoss Twins Says, In 10 Years Cash Will Be Obsolete

http://bitforum.info/t/winklevoss-twins-says-in-10-years-cash-will-be-obsolete/546

For me, its really hard to believe that bitcoin could replace cash, not because bitcoin cannot do it, but because bitcoin now is having a hard time breaking into the mainstream. I don't know what's their basis about they said.

Maybe if they said 25 years, maybe Ill believe them.


There are a lot of things that are hard to believe, for starts, Bitcoin being worth 1000 USD. If back in 2010 anyone said this you would get called clinically insane.
10 years from now it's a lot of time. Things change fast these days. But yes, cash being replaced is a big, big thing. Winklevoss have balls to make such wild predictions because when the time passes and nothing happens they'll get shit.
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