Do you have a link to back up your claim of 600,000 Americans living in China? That sounds a bit high. I would also like to know how many of them are Caucasian. I know from experience that when you're a white guy in China, you may speak some Chinese (I don't), but everybody will see you as a foreigner.
I don't know about the exact demographics, it can be inaccurate often and who will prove census wrong?  I visit China around 10 times a year and I'e seen more brown people there rather than white people, and Chinese treat all of them the same. They are rude and isolated and don't care about other people, I've even seen racist Chinese peeps there, so idk but yeah. I guess it really depends on the place you go? I heard some feedbacks from my friends that its really recommended to just go with a chinese friend. Then again you visited chinese 10 times a year so you must know how to get around speaking the language on your own. no I don't know their language, but I have the power of google and I translate text and audio, I do take help of the locals but mostly send pictures to friends (chinese friends) if I am unable to comprehend and they help me out, all online  Its very easy, and sometimes people do speak English too but their accent is so heavy, I fail to understand |
|
|
|
now I really regret not selling my bitcoin, and now the price dropped to $237 before $256 im big loss  sorry, didn't know you were a part of the btc community for quick little gains, I don't care about the price because I am well determined how the future of bitcoin is going to be, there will be no reason to worry about the price because nobody will be cashing out then, people will adapt it for what it is. If you invested to sell later, don't worry, price will be multiplying in couple months  |
|
|
|
Investing depends on type of investment that you make.. Its good to invest in Bitcoins because in long run you will earn best Return on Investments. Saving is for present but Investments are for future benefits.
I don't know, I've been saying this a lot that bitcoin is great for future but I am myself being a little pessimist now, I see there is the birth of btc xt which gives mroe capacity in blocks of 1mb to 8mb, more than 10% network adapted it in 72 hours, I am just afraid about the future of btc, there has been birth of new currency and people just don't get it, the cons are more than the pros :/ |
|
|
|
As of now also no country is officially accepting bitcoin as a currency. It is still a new technology so just invest very small % to take advantage if it grows. But do not put all your savings here.
Here I must say your information is little outdated.Australia is the first country which begins to accept Bitcoin as currency.Just few days ago they officially announced that Bitcoin will be recognized as currency from now onward in Australia. Well actually Australia has not accepted bitcoin officially yet, so there is still no country that accept bitcoin so far. Australia has displayed its support for bitcoin by making good rules and regulations in terms of bitcoins, they have officially tweaked their laws just so bitcoin expands, most of the crypto business owners are Australia-based and there is a lot of adoption of bitcoin in Australia, I think they have accepted bitcoin very well. What is your definition of acceptance, make it their national currency? lol bro |
|
|
|
If the conditions persists to be stagnant , i will move to Venezuela or Zimbabwe or Argentina.
I had embraced BTC over 2 years back and i have some sufficient amount.
Please keep updating this thread as it invokes light in me.
Um, you sure? I think it would be a better idea to calculate pros and cons on a macro level and identify what could go wrong and if it is really sensible. Investing in real estate is smart, only if you are fully satisfied with all aspects which makes it affordable. I have to agree with HarHarHar... Venezuela used to be "almost a nice place" (it had always had more crime and poverty than most outsiders knew). Argentina has its problems too (though it is slightly better than, say, 2 years ago). It seems that the places where BTC is having success are places with serious problems. Find a way to travel to Venezuela, bring enough BTC to pay for your trip, but you should consider LIVING ELSEWHERE. yeah, I believe that you should live at a place which suits the best climatic conditions and isn't a hazard to your health, it has schools and recreational parks around with friendly neighbors. Live in a community where people respect each other, but of course you might not get all the qualities you want so you might have to settle sometimes. |
|
|
|
|
The launch of Bitcoin XT is the very reason why the price went down, more than 10% of the network shifted from btc to btc xt in under 72 hours, causing crash. The btc xt is growing to be a separate currency now and I think there are more cons to it than the pro, its effect on market s pretty negative. It increases the 1mb blocks to 8mb blocks for more capacity, being the very reason why btc software doesn't support it making it an individual currency.
|
|
|
|
The price crash has happened because there have been several rumors about bitcoin about to be banned in New york exchange, etc. Also there have been dumpings by whales, transactions worth 25 million or maybe more. The bitcoin market has accustomed such crashes and its no big deal now, Its an awesome time to invest and I am in talks with an influential individual to purchase coins with me |
|
|
|
They are free for me. Whether the bank pays the fee (to themselves?), or whoever else, I massively don't care. But to send a Bitcoin in most cases it is me who has to pay the fee (though at Coinbase, for example, they pay the fee)...
It is you who is mostly ignorant here
Wtf are you talking about, it is free for you but not for me. You are ignorant to think that just because it is free for you it's free for anybody else. I do pay a fucking +50% when I buy something with a card, so better stop bragging here about your "advantage" because there are many more of us who are paying alot into the greedy banker pocket. Not to mention in africa they pay like 500$ for a 2000$ bank transfer, and even that is with high restrictions and slow processing speed. It is based on luck, if you happen to be born in a good country then you get the benefits, if not then you get the crap, so don't force your luck and be happy that you have a somewhat tolerable banking system. yes, bitcoin aims to provide a platform where everybody from rich to poor people from diverse countries pay fixed amount of fees (or slightly different) when transacting bitcoins, people who are benefiting from the bank rates should consider them lucky and make choices which benefit them, but I noticed a lot of people are unhappy with financial institutions, its better to be your own bank |
|
|
|
I don't think about the 'land mass' being a requirement but they do have mass, but they are not recognized as a country. They claim to be recognized by the United Kingdom and what not but they actually aren't, and what's the point of being a king if you are only supposed to rule 50 people, and 1/5th of them already being your family. What's the point?
Probably just for the novelty value / attention they would get. Having your own island or country would be cool but not a crappy thing in the middle of the sea. No, I'd get crazy seasick I think it is better to have an island near Sri Lanka, pretty alright weather and close to a good country, its very near to India too which is a major developing country. |
|
|
|
Im very intersting with bitcoin technology, i have more dream in bitcoin like i have big exchanger, big e-comercy service also i have good site like coindesk i will quit from my job soon I think it would be the most profitable if you start your ventures in fields which are not yet explored. There are a lot of exchange services, coindisk similar websites.. You should try creating something which allow you to have monopoly. The very reason behind bitcoin's success is that it has monopoly, so despite different coins being creater, nothing has really competed with bitcoin yet. |
|
|
|
of course I chose gold, gold prices will always increase
yeah sure, you must have missed when gold was at 1900+ and has suffered a big dump that brought the mineral to almost 50% loss in value sry but i always look at the all time chart and not at yesterday or tomorrow value...gold is doing really bad by this point of view What about Bitcoin $1242 down to $256 now, doing a lot worse than gold - about an 80% loss Gold is on the verge of a new bull run, just wait and see yeah i know, i didn't say anything about how bitcoin is performing better because of the last big dump that happened for bitcoin, but the difference is that bitcoin is still new it can rise many more times, or at least there is the potential for this to happen with gold you have a decrepit old man that it may not see the light anymore, if you know what i mean BTC also has the real potential to go to ZERO too whereas gold does not, the decrepit old man isnt going anywhere. There is no way to determine what would go up and down in a long term aspect, people didn't really care when bitcoin was born, but as bitcoin went up, it did get a lot of attention, around half a million users in the world You might vest your trust in gold because it has been a long time, but things change. The only thing inevitable in this world is change, buddy |
|
|
|
If the conditions persists to be stagnant , i will move to Venezuela or Zimbabwe or Argentina.
I had embraced BTC over 2 years back and i have some sufficient amount.
Please keep updating this thread as it invokes light in me.
Um, you sure? I think it would be a better idea to calculate pros and cons on a macro level and identify what could go wrong and if it is really sensible. Investing in real estate is smart, only if you are fully satisfied with all aspects which makes it affordable. |
|
|
|
im broke and unemployed for 20 years no retirement for me lol
you must be rich or someone else is feeding you, in this case maybe you can take advantage of his inheritance if he want you as a heir or just try to earn even a single bitcoin, in a far distant future, it may be enough to do a retirement No he doesn't. Many people are officially unemployed, which means they have no contract and no retirement fund, but they are working and have enough to pay their bills. Don't immediately label all unemployed and broke people as lazy. exactly, people judge so much these days. Some people can be deceased, old, demotivated, depressed, whatever. Its easy to assume, very few of us have personally done something to benefit the bitcoin community. I have known so limited people who are doing crypto business and even less who talk about crypto in order for it to get more acceptance and recognition. And then we question others and labelling them lazy, wtf |
|
|
|
For long term investment, I may take gold but Bitcoin is quite a volatile investment and that makes it an appealing choice for those who want to gain in the short term. I would say gold and bitcoin are going to go up in value since they are both deflationary currencies.
hey man that's just sad because in the long term is the only time you will actually get a profit out of bitcoin, I wouldn't debate or criticize gold. All of these investments are as much as a coin toss but they can only be measured in terms of their potential and that is the very reason bitcoin is the only choice I will be making. I hope you make better choices too and stop thinking short term |
|
|
|
Fantastic news! I hope to see every time a new (micro)nation starts to accept bitcoin as national currency. This is just great. Im gonna visit (whats there) next week. If Croatian police allows . Since they didn't allow any body to go there last few days.
And from Serbian side u can only go there with a boat.
Remember to visit also their banks  , a bitcoin bank! Yuppi.... There is nothing like that atm. In that "country" there are only like few houses and thats all  . Only few houses? Why the are proclaimed themselves 'a new republic'? This is really no sense (If I can say my personal opinion). If there is not services like: hospitals, banks, schools etc... they cannot proclaim a new republic (or am I wrong?). U are wrong . U can proclaim new republic on any peace of land or whatever that is not in any other country . Check sealand its a country on a old oil platform . And liberland is only few days old so ofc infrastructure doesn't exist. But tbh im more and more feeling like this is scam. Now they are saying everybody who donates 200$ will get theirs flag shipped anywhere in the world. It could be that they are just trying to have fun and get some quick buck and then abandon project. I don't think Sealand is actually recognized as a country, since a country needs to have actual land mass to be considered a country. I don't think about the 'land mass' being a requirement but they do have mass, but they are not recognized as a country. They claim to be recognized by the United Kingdom and what not but they actually aren't, and what's the point of being a king if you are only supposed to rule 50 people, and 1/5th of them already being your family. What's the point? |
|
|
|
You grasp good points but forget to point out the some of the major reason in the prices of the entire thing.
Gold price seen to fall down when one country attack other one (in war), and so keep on high level until the war settle. This year gold hit its peak after so long time...
This is one of the major reasons in fall of gold price...
War has never benefited anybody except the ammunition industry, lives are lost and history teaches us that there is nothing peaceful after a war. The country with the best resources and trustful allies wins wars and that is the very reason United States is considered the most superior country, the very reason why the amount of their debt doesn't matter know. damn diplomatic. |
|
|
|
I asked a colleague of mine from Venezuela. How is it back home, are the old folks safe? He did not say yes. On the problem of sending money (I don't know the economic situation of his parents, but with borderline hyperinflation a salary can become worthless quickly), he told me he could send money via the bank, it would take a week, there was danger of being robbed (that is what he said, maybe some clerk just confiscating the money for himself), and he would not get the full blue rate (I think he gets the Simadi rate, which is about 1/4 of what he should have got).
I introduced him to localbitcoins, he got an account loaded with some coins. He has a bank account inside the country accessible over the internet, and there are lots of traders in the country, giving a rate slightly worse than the blue rate. After that, he can transfer the bolivars to his relatives' account. After a few days I asked, but he hadn't tried it. He will wait until the a need arises, to avoid some of the inflation. I look forward to hearing of his experience. Anyway I could not wait to write this...
really did not have knowledge about such shitty situations taking place there, can't really imagine what a corrupt fuckhead that clerk is, and he pockets good money from the bank as well as robbing off the clients. If it wasn't for digital currency, this situation might have been really sucky. Glad to read a live example of how digitization making lives better in places where infrastructure is often questioned. |
|
|
|
Do you have a link to back up your claim of 600,000 Americans living in China? That sounds a bit high. I would also like to know how many of them are Caucasian. I know from experience that when you're a white guy in China, you may speak some Chinese (I don't), but everybody will see you as a foreigner.
I don't know about the exact demographics, it can be inaccurate often and who will prove census wrong? I visit China around 10 times a year and I'e seen more brown people there rather than white people, and Chinese treat all of them the same. They are rude and isolated and don't care about other people, I've even seen racist Chinese peeps there, so idk but yeah. |
|
|
|
Bitcoin is much easier to divide than gold is. Gold was also used as currency for thousands of years. Many countries and civil bitizations used gold coins as their currency. Bitcoin can be used just like gold was as a currency in the past.
The past does not exist this sophisticated technology, bitcoin cannot be used as a means of payment in the past Bitcoin is built around a technology which profits the future, the only reason bitcoin was not used before like gold is because it was not invented yet Things would be so much better if people were using bitcoins for centuries rather than gold, but things change so you never know what different kind of economic unrest would take place. |
|
|
|
I think it is wise to hold some bitcoin in your portfolio but not necessary to keep it all because there are too many manipulators now in the markets..so just keep in Bitcoin what you can afford to keep as a high risk investment.
yeah man, bitcoin is adopted and known to new people only because trade keeps taking place and word of mouth is stronger than anything else, people might often discuss the awesomeness of this currency Just kidding, I believe in saving what must be saved but I like the idea of investing in things which peak my attention and multiplying what I have. So far, so good |
|
|
|
|
Show Posts
