There are test trading accounts for forex trading so there has to be for bitcoin trading as well. Use a little thing called google to seek it out.  |
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Who keeps all their coins in an exchange anyways?
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.
I hold all my current savings on exchanger. Because of my campaign transfers my payment there. And I don't want to pay taxes to the site to transfer my bitcoins on my wallet and then again pay tax to move my coins to exchanger back to withdraw it. If your talking about yobit as they are your campaigner in your signature then you are paying 0.0005btc to transfer them out of there. That is roughly $0.34 to get that balance out of there. Just wait until it reaches a large enough amount then transfer it out to your web wallet. |
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Who keeps all their coins in an exchange anyways?
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.
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Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
not really, you should embrace this fear of losing money. it is a good thing it shows that you are not an idiot running around with money to waste in your hands. when you have some fear in you, it forces you to think twice before making any decisions and as long as this fear is not clouding your judgement it is a good thing to have. I would think to do the exact opposite of what you just said. If one continues to lose money then it shows they are an idiot because they are just careless and do not value money for what it should be in the first place. It just shows that they never learn from their mistakes, which to me is an idiot. |
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How to increase? Meaning you have some already right?
That would mean investing into a program. Most are not reliable and will likely to run after they get enough investors to par take in their scheme.
If you mean how to earn them then you would need some kind of skill set that someone is looking for and willing to pay you for it in exchange. Hopefully by bitcoin but highly unlikely if not to do with something technical.
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Would also like access to this bot.
Do want to pay btc only if possible.
Pm me your answer.
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Amagi,
I placed an order of about $26,000 when I called and asked for any sort of discount they offered me none. I remember you guys said you would take care of us especially for large orders, can you provide any sort of discount?
If so who should I ask for when I call?
Thanks
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Do you guys think mark would sell it for a $1 million? I would love to purchase it, with all the staff, software, and licenses. Mark is not CEO material, he had a gold ticket in the palm of his hands.
Do you have a million to purchase it? lol |
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Hey, keep up the good work. We need more people in community like you. I have sent you some BTCs, hope it helps at least a bit
Thank you for the donation, every bit helps right now, I took leave from my work earlier to deal with this case, and I have some bills thats needs to be payed now, so I have to use my coins to pay them. Its a good thing that we have here in Finland these great services, that lets you pay your bills with BTC. Now I'm just waiting for the lawyer to confirm, that the criminal complaint against Labcoin is submitted to the Polizia Postale. After that we wait for the police to do their work, and find these fraudsters guilty. Then the next step is to hire a lawyer again, and join the court case against Labcoin, were every shareholder can claim compensation for their losses. But thats the next step, I'm just happy we have come this far, and with the submission of the complaint, I really feel a weight falling of my shoulders. Virtual you should also forward a copy to the Chinese/Hong Kong police being that Fabrizio is in China. |
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ohh what? did this turn into another Labcoin?
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just logged in, no issues there
even sold 2 btc, not that I will ever get the money out
How did you log in? Through mtgox.com? |
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Seems god is faking ticker data, site has been down for a bit here, yet the ticker keeps going both ways
It might be bots buying and selling, either way the website is pretty much down. Doesn't mean API's won't work. |
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point number 1 being proven right every single day, don't worry though to the moon! You geniuses need to stop with your America envy, AMERICA isn't the world!!! Guess what it is, you can cry about it all you want. America's arm can reach all over the world, especially the 3rd world POS countries or any developed country for that matter, where they can come and kidnap you and bring you to trial here, and there isn't shit your country is going to do about it.
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For bitcoin to succeed it needs to attain practical value.
You should never use bitcoin to store your wealth. You can speculate on it but dont use it for savings.
Even if you think it will increease in the value the reason you shouldnt save in it is simple.
Money is not a commodity. In an economy what is traded are goods and services not currencies.
If people were to trade silver gold and cryptos they would starve to death. Nobody would know how to build or house or assemble a car.
Money is a utility to facilitate trading, to make it easy and quick.
For bitcoin to be money it needs to have the same practical value that fiat has. As long as the world functions on fiat this is going to be super difficult because there is going to be so much cost incurred by exchanging btc to fiat
everytime you transact that I think it wont have an edge over fiat Especially with government obstacles in place.
I love bitcoin and the network but I dont close my eyes for the obvious obsticles it faces.
Bravo, unfortunately many do close their eyes. They will have much greater worries than Bitcoin. |
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MikeyVeez-  Answers in Genesis is one of my favorite organizations. We have given several large donations to them. I love that they are providing answers for people that really need them. Not everyone cares to research, but for those that need more scientific evidence they can at least find it here. AIG should take BTC.  I do ponder if Christians are worried about using BTC or investing in it because of what it says in the book of Revelation. I personally think Christians should be very interested in it, just from the standpoint that it is outside of governments control and that could be useful in a time where persecution is rampant. I don't know. Maybe I am overthinking this? But hubby and I literally felt led of God to buy some. Sound strange but it is true! That's funny. God led you to Bitcoin? Is he trying to start the rapture by creating the one world currency? I guess enough time has passed. It does seem overdue. Maybe He just wanted to bless us with funds to give to various charities or needs? I have learned that when God speaks that it is wise to just do what He says. I can't see the "big picture" but He can. Maybe putting my trust in USD is really stupid and God knows this so He is saying that I should diversify? If He is ready to rapture the church that is fine with me too. Life on this planet gets tiresome. I had a pastor once say that this life is the closest to hell we will ever be. Seems about right. To "live is Christ but to die is gain." But I digress. As for listening to God, the times in my life when I decided to do my own thing and not ask or listen to God's advice is when I really screwed things up big time. Of course, many on this board do not think that they are in need of a relationship with God/Jesus. I guess they are smarter or wiser than He is or do not think He exists and think I am just crazy but the book of Proverbs has plenty to say about that so I will not post anything. Everyone can just read it for themselves if they are interested. Of course Bitcoin will not be the one world currency spoken of in revelations, we probably won't even be here when that occurs. I think investing in Bitcoin just like investing in general with Fiat is perfectly fine. Jesus paid taxes to Caesar and they used the legal currency of the Roman empire at the time. Even though the fiat system is based on evil, there is nothing that we can do. Bitcoin though is paving the subconscious of peoples mind to one day accept the one world digital currency, again just because Bitcoin is doing this indirectly does not mean Christians cannot get involved with it and use it, just as Fiat/Taxes are used for much worst evil things. "Render unto Caesar the things that are Caesar's, and unto God the things that are God's" |
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But that would seem to have little relationship to AppleCoin.
I didn't quite understand everything with Apple coin, as there won't be any mining involved with amazons or apples digital currency, but the thing that I can see it as a negative to Bitcoin is that with Applecoin and Amazoncoin people can actually use it to purchase thousands of goods and services. Again these are small minuscule issues to Bitcoin, the others mentioned are far more important and devastating. |
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I really appreciated OP views and others that work hard to think about pitfalls. He has some good points. As for my thoughts:
1. IT'S A DECENTRALIZED CURRENCY
Not a valid reason for failure. Gold is decentralized--controlled yes, manipulated yes, but largely cannot regulate effectively, even though USA has tried in the past. Bitcoin won't fail because it is decentralized. If anything, it guarantees success just maybe not at the level you are imagining.
I suppose if the USA issued a statement that you can go to jail if you issue a BTC transaction of any sort, then it would be doomed, but then I think you have rebellion and we are doomed anyway.
2. CENTRALIZED MAIN DEVELOPMENT
Not a reason for failure, but a risk. I have always argued that you can be an atheist and hate religion and the manipulationg and control it represents, but then I say you are probably putting your faith in a different group of priests, which can just as easily create their own tyranny.
I think the same idea applies here. You can hate the government and believe bitcoin is the answer, but ultimately we are putting our faith in a different group of politicians. However, if anything this is a harbinger of success not failure, global domination must be organized, planned and executed, so bitcoin foundation get to it.
3. FLAWED ARCHITECTURE
Yes could cause failure if 100TB is necessary tomorrow, no will not because it is software and we have years... if they can fix healthcare.gov bitcoin blockchain will evolve and remain decentralized. Guaranteed and I know nothing about the ideas anyone has ever thrown around on this.
4. Double Spends
Same as as #3 and a stretch anyway.
5. Slow Speed
Bitcoin does not need to replace fiat to be worth $10k a BTC, it only needs to be considered relatively liquid, similar but rather different issue.
6. Un-Scalable
Same as #3, and #4, if
51% Attacks
A risk, however, why would they raid their own hen house. It this happens, it would be because of sabotage from unseen forces like Ed Snowden's boss.
Unstable Exchange Rate
Definitely not a failure point. It will solve itself over time. Gold is unstable but will always be valuable. I lost 5k in gold value this year alone.
4. NO BENEFIT OVER FIAT
BTC never needs to replace fiat, and it does have benefit your post eludes to a few. BTC is its own class, I agree that right now a regular currency it is not.
5. CONCLUSION
No real red flags for failure to me that I see.
I don't even care about how many Bitcoin users there are. How many individual investors are there in AAPL??? Likely a few million. AAPL is worth 500+ billion i think. That is one single puny stock.
When I mean fail, I meant fail as in mainstream adoption it can continue if it stays at these levels without problems, but everybody seems to want to talk about how Bitcoin is going to take over the world which it will fail to do so for the reasons above. Yes gold is decentralized and it clearly proves point #1 hence why it is not a currency, just as a store of value. Again the argument is for something to be adopted mainstream. Anything decentralized can succeed on a small scale, gold and silver for example, people can decide to transact with it. But on a massive scale, when 90% of the means of production is owned by 5% of the worlds population, they will not let it become mainstream. As you cannot go to the bank and transact in gold and silver, nor bitcoin, nor decentralized post stamps, carrots, bottle caps. Even if you could multi billion dollar companies which we all rely on for our daily day to day activities will not accept our new methods of payments. If we cannot pay our basic bills than the "decentralized good" is basically good as dead for mainstream adoption. They own everything and they have zero plans of giving their control up. People can try and fight as much as they want, but when they can control your basic necessities of food, clothing, shelter your not going to get very far. Only way for true change to occur is for a massive reorganization at the government level, than if the government is taken back, they can go after these corporations and these people, and levy criminal and civil charges and take control of everything back. Then we can open up the doors to decentralized currencies. Good Luck with replacing the whole worlds governments, people barley vote, yet run for office and be deeply involved with politicians and candidates to enact this kind of change. |
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Although I don't agree 100% with all points of the original poster, I do see several valid points there. My personal "ranking" of BTC is an open-world experiment (and it isn't even clear if this is the first Globo test balloon injected by TPTB or a true "lone wolf" development as some hope - for now due to timing I do tend towards the first option, call me a sceptical guy in terms of "that fundamental change just happened by chance in the international financial world" ; I just don't buy that after working out the typical qui bono question). Apart from all issues which may or may not get fixed or future developments... Everywhere I looked in terms of BTC, greed and scams are literally everywhere. They just seem to vary in intensity. Almost feels like an extended/experimental arm of Goldman Sachs or Wall St. Wherever I look, there are snake oil sellers around every corner it seems. The best advice someone could give a BTC beginner probably is to : at first do nothing at all but read, research, calculate, verify, double-check and read up some more... (in an environment where time is BTC, almost literally) So far, that (not BTC itself or its philosophy) is the clearest impression I witnessed, some of the hardest part working with BTC seems to find anyone not trying to rip you off or at least skim you a little bit. Maybe its users (the human with all its fear & greed) might turn out to be BTC's biggest shortcoming even if fully legit and there's definitely no firmware patch available for that  IMHO, when it comes to high finance and big money (any type), there are no nice guys to happen to better the world for free. Never have been, never will be, short of a reincarnation of Jesus or something (if you're into that kinda stuff). It's a nice dream but that's all. Whatever the true case will turn out to be with BTC, I will remain extremely wary of its future and treat it like a hobby. Being an IT guy for over 30 years, I kinda learned how much trust 0's and 1's deserve and in BTC mine just turns out to be very low. I'm already extremely skeptical of the established 0's and 1's (M2, digital bank accounts, central banks print-athlon etc.), the closest we've seen to "2nd Life economics" so far just doesn't give me a warm fuzzy feeling. (Disclaimer : I'm a very core-valuation guy, so I prefer stuff that has inherent value recognized worldwide regardless of age, issuer, governments or intended use. Bytes to me will always be Bytes, nothing more, no matter how the story is spun. Doesn't take much to make them flip and machines are only as "smart" as their creators & operators we often don't even know; herd mentality from mass movement quickly can create a false sense of security which needs to be sanity checked every day. Reserving some sceptical thoughts has always paid off over time.) PS. Funny thought experiment with a maybe somewhat surprising outcome : Considering the worst-case scenario (BTC an invention of evil governments and central bankers, the Globo "Prologue")... If that was the case, they actually couldn't afford to let it entirely crash & burn, as this would sabotage any future concepts of a one world government, globally traded currency. Basically, they would have to transform it at some point to enable full control & power over it (their religion). As soon as sufficient governments take active steps to legalize and tax Bitcoin aka incorporate/assimilate it ( one small step for BTC, one giant leap for TPTB), that's when I would head for the nearest exit. (seeing very first developments in that area but too early to tell) It's very hard for them to adopt Bitcoin, as they won't have control over the value of it, meaning the 1% won't be billionaires and trilliionaires. Hence it won't likely be adopted, unless they pass so many regulations and laws, that basically converts it into a centralized controlled protocol. Meaning there is no set number of coins anymore but they could create as many as they want. Basically if it is adopted it's going to be so different from Bitcoin it won't even matter, it will just be their digital fiat equivalent. |
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First of all Money is a means of exchange. Bitcoin has just as much value papermoney by itself. In only can attain value if it is a means of exchange.
The only thing that has real value is human labour and tangible assets.
Money is an agreed upon method of exchange to make trade easier.
You can trade in sticks or toenails if you want to.
A government can force you by law and under threat of violence and jailtime to trade in whatever they want you to trade it.
Bitcoin cant make fiat worthless. If a state imposed laws that restrict trade to a certain currency that it controls there is nothing you can do about it.
How are you going to to use bitcoin if government has imposed laws that restrict coorporations to trade in bitcoin?
Also inflation itself is not a bad thing, its an incentive for people to spend money and create economic prosperity.
What you see now is just a wealth transfer where insane amount of money are created by an elite and distributed and kept by a small number of the population.
If that money where to be seen increased wages inflation would be great.
Yea inflation is seen as bad by usually the uneducated and lazy. Ohh I actually have to learn skills and gain knowledge on how to properly keep my money growing, and not lose it's value. I have to invest? Instead they wan't the easy way out, which is Bitcoin. I buy coins, keep for 20 years, sell at massive profit. No need to learn anything, Buy, hoard, sell. Deflation is good, because it makes me richer, they could care less about other people besides themselves. Inflation is only bad when governments get out control with money printing, or when it is controlled by a small group of people to their advantage which it is. Things like Bitcoin are not bad because it allows poorer people to gain an economic advantage. It's only good on a limited scale, but if the whole world economy was based on deflation, it would be a total disaster everybody would hoard and work minimally and just become richer and richer, until they would all stop working. I'm sure free markets would even themselves out, but inflation gives people an incentive to be productive as you mentioned above. |
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