Bitcoin Forum
July 02, 2024, 12:50:16 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 [426] 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 »
8501  Economy / Economics / Re: Most Secure Currency to Hold Funds on: December 14, 2016, 06:47:33 AM
I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

I would choose gold,but i don`t know how to trade gold for bitcoins.

Are there any traders on localbitcoins.com who trade gold for btc?

I don`t think that the btc price will crash soon.
8502  Bitcoin / Bitcoin Discussion / Re: Bitcoin In insurance on: December 14, 2016, 06:44:13 AM
So last evening at a meet, I met this guy who works in the insurance field, and has tieups with all large general insurance companies. So I asked him what's the insurance companies stand on Bitcoin, will they accept it as a payment over usd. He said the trend is divided, some people are clamoring for its inclusion, while many are yet skeptical. So pressing further I asked him the reason of being so skeptical, and I wasn't surprised lack of awareness, it's not owned by a country and etc. But end of one hour down, i finally convinced him to buy one btc which he did today morning, and he's promised to get insurance  people also to have a look into it. That would be awesome right, paying of high premiums with Bitcoin what do you all think?

Adopting bitcoin in the insurance industry is a good idea.

The big problem is that a lot of companies refuse to adopt bitcoin becasue of the fear of a

government ban for btc.
8503  Bitcoin / Bitcoin Discussion / Re: New Video: Why I am Not Selling Any Bitcoins Yet! on: December 13, 2016, 12:16:09 PM

Last year at that time bitcoin was around $420-$450 ,now the price might reach $800.

Too sad that i haven`t got any bitcoins back in December 2015.

I lost so much potential profits. Cry
8504  Bitcoin / Bitcoin Discussion / Re: What is missing in the Bitcoin EcoSystem? on: December 13, 2016, 12:13:08 PM
WHat is missing in the Bitcoin EcoSystem?
Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.

SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?

I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?

Your thoughts are much appretiated.....

There is crusial part that is missing from the bitcoin ecosystem and this is the

mass advertising of bitcoin to people who doesn`t know anything about it,or don`t trust it.

Yes,btc is a specualtion tool and it`s a really good one.
8505  Bitcoin / Bitcoin Discussion / Re: What will happen if Tech Giants get into Bitcoin or Altcoin Mining? on: December 13, 2016, 12:09:12 PM
What will happen if Tech Giants Like Google, Microsoft, Amazon starts investing in Bitcoin or Altcoin Mining?

This will boost bitcoin credibility and therefore the btc price will go up.

But the bitcoin independence will be lost forever....
8506  Economy / Trading Discussion / Re: Have you ever exchanged BTC face to face? on: December 13, 2016, 06:45:27 AM
I've been using BTC for a while. I've been using it at exchanges, to trade altcoins and to order goods over the Internet, but I've never exchanged BTC with someone in front of me. At a store or between friends, or family. This despite having had long conversations about BTC with various kinds of people, and attending a few meetups.

Who has exchanged BTC F2F?
 

No and i will never trade bitcoin face to face.The risk is too high.

There aren`t any people in my city who use bitcoin. Sad
8507  Bitcoin / Bitcoin Discussion / Re: Giving up on Bitcoin... on: December 13, 2016, 06:43:38 AM
I am not the only one, lots of people have already given up.  Very fucking stupid mismanagement is the result.  At least TCP-IP and Linux had some means to make sensible adjustments in the early days.

Circle Gives Up Bitcoin

Bitcoin has no means to fix things that need a fixin'.  "Consensus" is just a very stupid concept.  95% consensus will never be reached for any issue.  Bitcoin is fucked.  Doesn't scale.  Everyone already left.

Everyone is free to leave bitcoin and the btc community if he wants to.

If you don`t like bitcoin just leave the forum and don`t post.

By the way,not everyone has left.
8508  Economy / Trading Discussion / Re: you need to overcome your fear of losing money on: December 11, 2016, 02:43:33 PM
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.

This really stops me from investing and trading.I totally agree with that.

The fear of failure is a big problem every time you start something new.It`s a huge problem for me.
8509  Economy / Economics / Re: Does the Price of Bitcoin Matter? on: December 11, 2016, 02:40:52 PM
For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms is important.

Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcU

For bitcoin holders and people who make money btc price does matter.

For the btc developers the price doesn`t matter that much,adoption does matter.

Let`s hope the price will reach $800 at the end of December.
8510  Economy / Economics / Re: Basic income cut in Finland -> trouble on: December 11, 2016, 02:38:40 PM
Hey,

Now i read our goverment planning -$215,89 "basic income" "daymoneys" next year  Undecided
I hate our goverment, they have been eaten they promises, raise taxes and cost of living in
Capital City Helsinki area.   Angry



I don`t understand.What exactly is "basic income"?

How come this is a trouble for you.

Everything is just fine in Finland from my point of view.
8511  Bitcoin / Bitcoin Discussion / Re: Blockchain is the Trojan Horse that will push Bankers and Investors finally to Bitcoin! on: December 11, 2016, 08:02:53 AM
Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself.

If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows?

I say it will.

 Grin

I don`t see a "blockchain hype" anymore.There`s no hype about blockchain in the news,social media,etc...

I wouldn`t say that blockchain is a "trojan horse".Sounds like a virus. Grin
8512  Bitcoin / Bitcoin Discussion / Re: [FORBES] Is Bitcoin Better Than Gold? on: December 11, 2016, 07:59:42 AM
Bitcoin has been beating gold by a big margin so far this year. The digital currency has more than doubled in value, while the yellow metal has gained 8.73 percent; and both assets outperformed the S&P 500 and the twenty-year US Treasury bonds.



Does this make Bitcoin a better long term investment than gold?

It’s hard to say, as past performance isn’t a guarantee for future performance, as the old adage goes in Wall Street. Besides, Bitcoin has been around for a short period of time.
 


Still Bitcoins have two advantages over gold. First, they can be used as a convenient medium of payments, though for a limited number of transactions, a function gold is missing. Second, the Bitcoin supply is expected to be limited to 21 million. The supply of gold, on the other hand, is expected to increase anytime its price rises, as it provides an incentive for gold miners to mine for gold.

To be fair, gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products.

That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.

~~

Original Story: http://www.forbes.com/sites/panosmourdoukoutas/2016/12/09/is-bitcoin-better-than-gold/#42ccc567c143

For speculators and traders who want fast profits bitcoin is better than gold.

For long term investors,i`m not sure,maybe gold is the better option.
8513  Economy / Trading Discussion / Re: Forex Trading on: December 10, 2016, 06:59:59 AM
I just read some article about Forex trading. I read that 90% of traders in Forex Fail or lose their money and 10% are succeed and make a large profit.

I am just wondering if the Forex is better that C-cex  because as far as I know Forex is using Real amount rather a Real money and at C-cex is altcoins. So do you think trying the luck in Forex can make a profit or just stay at bitcoin trading? Luck and strategy is needed but what do you think is safer C-cex or Forex?

C-cex and Forex are same in some aspect so what? Cryptocurrency or real money?

If you don`t have enough experience and knowledge about how to trade,just open a demo account

and practice.I`ve never used C-cex and i don`t know anything about them.

Are there any bitcoin forex platforms with demo account feature?
8514  Economy / Trading Discussion / Re: never invest your hard earned without reading this. on: December 10, 2016, 06:57:04 AM
Experience has shown that: Trading forex is very risky and most times inexperienced traders jump into trade with they hard earned money without thinking of what they going into. Please advice inexperienced trader here.!!!!!



I totally agree with that, although there are platforms like eToro where newbies can copy

the best traders.Forex is very risky,if you don`t have enough knowledge about the market and trading.
8515  Bitcoin / Bitcoin Discussion / Re: San Francisco Metro System Hacked with Ransomware [Paid $70,000 in Bitcoin] on: December 10, 2016, 06:54:16 AM
Recently the San Francisco Metro System got Hacked with Ransomware resulting in free rides.

Quote
It is yet not clear exactly who was responsible for the attack (besides a pseudonym "Andy Saolis"), but according to local media reports, the agency's computers were being held by ransomware until the MUNI paid the equivalent of more than $73,000 in Bitcoin.

What do you think guys?
Isn't it bad for the bitcoin to be known as a bad thing in our lives?
*If it was posted before move to the correct board.

This is good and bad for bitcoin.

It`s bad becasue hackers use it and it`s good for the same reason. Grin Just kidding.

By the way,what exactly is a ransomware?Malware that asks for ransome?
8516  Economy / Economics / Re: Why the big whales are not cashing out? on: December 09, 2016, 02:34:51 PM
That question has always been intriguing me. Reading about possible control over Bitcoin by the government, I thought about the ways how they could actually do it. One idea that came to my mind was to print enough fiat to buy all bitcoins existing and get done with it for good. But then I recalled about the top Bitcoin holders including Satoshi himself keeping their coins, and it struck me that they might not be selling their stashes just because of this, for the fear that government could easily buy up all bitcoins that are traded and turn into the biggest whale itself.

How likely is that?

The government to buy all bitcoins and turn into the biggest whale?Really?

If the government becomes the biggest bitcoin holder,nobody will use btc anymore and btc price will

be close to zero.
8517  Economy / Economics / Re: The United States is in Worse Shape Financially Than Russia on: December 09, 2016, 02:31:08 PM
I believe so, that US has trillions? of debts and as what I read before,they are indebted to China also. Also even though strong in military and technology, but its not sound financially. And it seems its a ticking bomb,waiting to explode.

USA isn`t in the best finansial shape,but we can`t compare USA to Russia.

They are too different.

Trump can change everything after January 2017  Grin...

8518  Bitcoin / Bitcoin Discussion / Re: what happen with bitcoin after not mineable? on: December 09, 2016, 02:26:50 PM
what happen with bitcoin after not mineable?
miner will stop his mining activity ? then how to make bitcoin network strongest ?
and how about the price of bitcoin ?

I don`t know who is going to confirm all the transactions after miners stop mining?

I`m not tech savvy and i don`t understand the blockchain completely. Grin

The bitcoin price can only increase after the  mining stops.
8519  Bitcoin / Bitcoin Discussion / Re: BitcoinExplainers.com Learn About Bitcoin on YouTube on: December 09, 2016, 06:38:01 AM
BitcoinExplainers.com Learn About Bitcoin on YouTube
share with friends and family for introduction to Bitcoin
http://www.bitcoinexplainers.com

I can`t watch Youtube videos because my internet is limited. Sad

I will embed your videos on some of my blogs,if you give me permission. Smiley

We really need to expalin bitcoin to more people worldwide.
8520  Bitcoin / Bitcoin Discussion / Re: I would like to understand something basic about TREZOR on: December 09, 2016, 06:35:23 AM
Hi Guys,

TREZOR is just another layer protection to your wallet, which in this case, to get a full functionality i need to open a wallet in TREZOR's website (startup company - I know with great reviews).

i won't get the full functionality with other compatible  wallets. So, basically, what's the point?  and which wallet is the most reliable in this moment who support TREZOR? been hurt by so many exit scams....I don't want to put my BTC into a startup company (with all of the respect).

I don`t understand how TREZOR is more secure then all the other wallets.

I don`t trust startup companies too.

I can`t see any point in this.
Pages: « 1 ... 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 [426] 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!