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961  Economy / Speculation / Re: 100 bitcoins. Will I be a millionaire by 2020? on: June 30, 2015, 11:46:55 AM
By 2020, I don't really believe that a bitcoin may have the capability to hold 10000 usd but I would sum it around 3,500$. That would be the first bitcoin bump which will happen, later giving ride to a 10k bump after the next 5/6years. It will graduate slowly and fluctuations will rise higher.
962  Economy / Speculation / Re: Amazon is going to accept bitcoin in the near future on: June 30, 2015, 11:37:58 AM
Same lies, different words. However, it would be amazing if bitcoin is accepted as a method of payment gateway as I am an avid online shopper and spend most of my tokens, gift cards and cash buying amazon products. It will make things easier.
963  Economy / Speculation / Re: Stocks fall globally as Greek talks collapse on: June 30, 2015, 11:31:10 AM
Collateral damage has been taking place since the economic collapse of the country Greece, the markets were bound to crash as investors panic looking at the conditions there. Banks are closing down, capital control is going to be initiated, its just hurtful to even hear about it...
964  Economy / Economics / Re: A currency or investment? on: June 30, 2015, 11:24:55 AM
I’m absolutely certain that in some parts of the world at the moment you could gain investment with the following business plan:
1) Create new digital currency.
2) Allocate 10% of new coins to investors.
3) Profit!

So I’m not sure that I see anything to stop a near endless invention of new digital currencies. And given that I don’t I can’t see what value most to all of them are going to end up having.

Link to complete article: http://www.forbes.com/sites/timworstall/2013/12/12/why-invest-in-bitcoin-when-you-could-invest-in-another-currency/

That is a nice article, thank you for posting. I feel the same a out how all these other crypto currencies just start their own currency, give out 10% to owners,etc and after proper moves, start gaining profit. Bitcoin is obviously strong and better, but such currencies kill the respect quotient.

Yes, but even if bitcoin might be the first crypto currency in the world, it doesn't mean that it will be the last. The only thing which keeps bitcoin ahead of others is more thorough adaptation of this currency compared to others.
965  Economy / Economics / Re: Grexit on: June 30, 2015, 11:16:01 AM
Guys, the European leaders insist that there is no longer any serious risk from contagion now that the EMU bail-out fund (ESM) is in place and the ECB has full power to act as a lender of last resort, if necessary by buying the bonds of vulnerable states on a mass scale.
966  Economy / Economics / Re: How too get rich on: June 29, 2015, 05:28:28 AM
I would like it if your question was 'how to be too happy' than 'how to be too rich'.. In the end, what is all the rich people and all the poor people searching for? Peace of mind and happiness. Being rich cannot make you happy and that is something I have realized the hard way.
967  Economy / Economics / Re: China's currency is worth double that of USD. WTF? How is this possible? on: June 27, 2015, 05:52:08 PM
China's economy is dependent on US and vice versa. China does have a large economy as it has a large market, but when calculated according to the market of america, its contributions aren't as much as US on a global scale. The size of economy won't make it as strong as USD but its acceptance will.
968  Economy / Economics / Re: Which country looses the most when Bitcoin becomes the Currency of Planet Earth on: June 27, 2015, 05:49:51 PM
Which country looses the most when Bitcoin becomes the Currency of Planet Earth?

Additionally what happens to those pesky regulatory/"aiding" bodies, IMF, World Bank, SWIFT.

I have got my presumptions, what's your's?

US will be lost more if bitcoin moon and will be main payment in world, because Us dollar will be down
Bitcoin is limited only 21m and Us dollar can printing everyday without limit
I think not only the US alone, because the average of each country using the same kind of money to the US. so the possibility of the whole country will experience the same thing

Bitcoin is a beautiful currency. It is digital money that solves many of the problems our current currencies suffer from and introduces many other uncertainties we never had to deal with before. If such a currency becomes the currency of planet earth, of course the planet will benefit. But with the replacement of the other currencies, all markets will be affected and all countries might lose some and gain some. Such a scenario seems highly uncertain as of now.
969  Economy / Economics / Re: A currency or investment? on: June 27, 2015, 05:37:52 PM
I think bitcoin is a poor currency right now. It is treated more as an investment at the moment. It will gain strong strength when it stabilizes, that's when bitcoin will be taken seriously, that's when people can use it as an amount of exchange and used as currency because it will have a definite value all the time and won't be changing all the time.

I think bitcoin can be perceived as more than just a currency, I think it can even be assumed as more than just an investment. Rather than just limiting its future to a function of exchange, or a source to invest and gain money, it can be much more than that. Low inflation risk, low collapse risk,safe and simple. Its the easiest to carry and... untraceable.
970  Economy / Economics / Re: How to teach kids about Bitcoin? on: June 27, 2015, 05:29:45 PM


Here's more to the story on The Guardian:

Bitcoin and other cryptocurrencies are still a mystery to most adults, so teaching children how they work may seem a strange ambition.
Nevertheless, that's the aim of a new app, The Bitcoin Alphabet – for Kids and Everyone Else, released for Apple's iPad tablet this week by author Chris Bozak and publisher iKandy. The app is a mixture of illustrations and text explanations in plain English, and as its title makes clear, it has an eye on parents who don't know their blockchains from their hash rates, as well as their children.

Link to the app: https://itunes.apple.com/gb/app/the-bitcoin-alphabet/id896448231?mt=8
971  Economy / Economics / Re: What should I do ? on: June 27, 2015, 03:56:24 PM
Don;t have the fear that you will regret your decisions, live with no regrets nevertheless. You should study about bitcoin as much as you can and believe completely in what you have invested your money, the money will roll out when it should. Don't you worry about that, the good days will come but satisfy your conscience by learning as much as you can about where you have invested your money.
972  Economy / Economics / Re: How many people are using Bitcoin debit card? on: June 27, 2015, 03:53:14 PM
This sounds awesome, where can I purchase this officially. But I am afraid, in case of any transactions made through online fails, how will be the pay back methods. It needs complete security and reliability for the consumers and traders, if they fulfill such confidential things, then it is a real good deal.

If the transactions fails and you don't get recredited, you can sue your provider really good. Don't worry about that, but I don't understand the use of such cards right now, in 2015. It might be much more useful in the coming years when the transaction feels won't be as high as it is at the moment, when the bitcoin will hold more adoption and more value.
973  Economy / Economics / Re: Best way to turn 2BTC into 4BTC on: June 27, 2015, 03:51:25 PM
Yeah, everybody loves to double their capital but its not so easy to keep doubling it 'safely'. If you want to take risks to move ahead, bitcoin opportunities are available for you in gambling. Gambling can be an easy way to earn money but it is risky and therefore, I don't advise that. My best advise for you to be would be to shut up and hold down. Hold down that btc, its going to grow good and big, and it will all be worth it Cheesy
974  Economy / Economics / Re: [CHART] Bitcoin Inflation vs. Time on: June 27, 2015, 03:49:46 PM
Bitcoins price moves up and down, but isn't the only coin that have movements. Euro / Dolar / Yen There isn't a secure coin that have a stable change. Gold also have the same problems.
Obviously, every currency will have ups and downs, but while seeing the bitcoin digital currency it is far more better than the fiat currencies. If we see the couple of years back history, bitcoin sometimes went too low and immediately raised to the top which no one has ever imagined, it is a matter of financial flow and transactions how it works in the market.

If bitcoin needs to be adopted as a currency, its price needs to be stabilized. It is unreal to expect people to accept bitcoin as a cureency and adopt it if the price is different by inappropriate margins every other week.
975  Economy / Economics / Re: 62% of New Millionaires come from Asia on: June 27, 2015, 03:47:32 PM
India's kicking butt with 7.3% growth in economy. Economists say that India will be in one of the top 3 economies at the year 2030. Ofcourse, a lot of things change but I think it might happen even sooner than 2030. India has a large market, it needs better marketing.

I am a regular visitor to India, and I am more pessimistic about their future. India is a small country, with a population of 1.3 billion. The population is growing at a rate of 2% per year, and large number of the educated people are emigrating out of the country in search of better opportunities. Unless they do something to slow down the population explosion, India will remain as a third world nation for quite sometime.

I believe the same. The population is huge but the land is not. Its not enough to sustain that kind of a population, it might collapse if it goes way out of hand than what it already is. No jobs left, prices go up due to high demand and less supply. Crime rates will go up too and it will be a dark time for the country.

No, look at it economically. The demand is an all time high in the market, new industries are entering the country, new jobs are being created everyday. The economy tends to grow as there are big Indian companies emerging, which too are investing their capital in foreign equities. India is making good money, not enough, but good comparatively.
976  Economy / Economics / Re: How many people are using Bitcoin debit card? on: June 24, 2015, 11:18:18 AM
I have friends using bitplastic and xapo, however their use is much less, more flashy. The card is pretty simple but I don't fund much future of them right now but a couple years later. What pisses me odd is that bitplastic still markets their debit cards saying they are the only ones offering bitcoin debit cards but they are so wrong.
977  Economy / Economics / Re: Will You buy a pizza at 10,000 sat? on: June 24, 2015, 11:11:47 AM
if any pizza restourant sell 10k satoshi for a slice of pizza i will buy that with pleasure and especially for free delivery order Cheesy Cheesy Cheesy

Haha, but you ate forgetting that the value of satoshi has changed and maybe before you could get a pizza slice, but you can't get shit with that right now, the transaction charges will take away all your pizza and leave you the carton Sad
978  Other / Politics & Society / Re: [Vote] Who did 911? on: June 24, 2015, 11:05:26 AM
So many people doubting the US govt itself. Makes everybody question the authenticity if freedom and protection we truly share. I think the other group did it with not assistance, but without resistance of the uS govt.
979  Other / Politics & Society / Re: Los Angeles Man Claims KFC Served Him Fried Rat on: June 24, 2015, 11:02:31 AM

I wonder how elephant meat might taste, and if it is healthy. But rat meat? Man, that's messed up. There could be more to that too, yknow. What if the rat entered the oven by mistake? Makes us question the cleanliness of the place. Whatever conclusions drive down, if this is really rat meat, KFC might go down real bad.

Even if kfc gets to the bottom of this, they would twist and turn the story because the truth might turn out too expensive for them. There are cctvs, employees, a lot of sources through which information can be gained but if it isn't out yet, its not coming out boys.
980  Other / Politics & Society / Re: Russia willing to consider loans to Greece on: June 24, 2015, 10:53:23 AM
Pretty sweet and smooth move by Russia. After making greece financially dependent, they will hold an upper hand in their region and might take advantage of their favours provided at future. Also, Russia is one of those countries with the lowest debts I assume and maximum resources. They are pretty strong.

I think that is exactly what they are planning, holding an upper hand above Greece to make them dependent financially. Russia has a really low debt and it is very nuclear strong, they will definitely try to hold a position above Greece.
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