Up until now, the world’s descent into the NIRPy twilight of fiat currency was a function of failing monetary policy around the globe as central bank after desperate central bank implemented negative and even more negative (in the case of Denmark some four times rapid succession) rates, hoping to make saving so prohibitive consumers would have no choice but to spend the fruits of their labor, or better yet, take out massive loans which they would never be able to repay. However, nobody said it was only central banks who could be the executioners of the world’s saver class: governments are perfectly capable too. Such as Australia’s. According to Australia’s ABC News, the “Federal Government looks set to introduce a tax on bank deposits in the May budget.” Ironically, the idea of a bank deposit tax was raised by Labor in 2013 and was criticized by Tony Abbott at the time. Much has changed in two years, and as ABC reports, assistant Treasurer Josh Frydenberg has indicated an announcement on the new tax could be made before the budget. Mr Frydenberg is a member of the Government’s Expenditure Review Committee but has refused to provide any details. “Any announcements or decisions around this proposed policy which we discussed at the last election will be made in the lead up or on budget night,” he said. More... http://www.infowars.com/australia-to-start-taxing-bank-deposits/Negative interest rates, or taxing bank deposits, what's the difference really? I guess they will try out a savings tax, and if that doesn't work, then they will turn rates more strongly negative, along with capital controls. What sort of message does it send to people? Don't save, spend your money and loan out more, take risks... it's pathetic. |
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Peace with Iran -> Oil down - > ??Bitcoin down??
No, bitcoin doesn't trade like a commodity, a currency or a bond, it just does what it wants! America strangely seems to be moving away from Israel at the moment. I think it will only last until the next election, when someone who is more pro-Israel gets in. In the meantime it'll be interesting to see what Israel does when Iran is allowed to trade freely and expand it's local power base. I think the whole oil situation at the moment might be part of the Saudi/Iranian game. |
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If you take paypal for example, it moved $180bn in 26 currencies in 2013. If bitcoin got 10% of that market, say $18bn, it could potentially value a bitcoin at up to $800.
... Unless the stress is on "potentially," silly. 1. You buy a Bitcoin from me for $200, using PayPal. 2. I use that $200 to buy two bitcoins a month later, again using PayPal. 3. PayPal has handled $400 worth of transactions, with only $200. 4. $200 is worth $400, QED. That's how fractional reserve banking works! It's a great way to count the same money multiple times and make your economy look far bigger and stronger than it actually is! Sooner or later bitcoin will "benefit" from this too. |
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The world would be better, if the US dollar (dropped in value?)
The world would be better, if the US dollar - bought less bitcoin! More seriously, if the US dollar wasn't being printed into oblivion, the world would be a better place. |
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A Professor/PhD in finance doesn't really help him form any conclusion on what will happen with the price of bitcoin. Even with more standard investments, I don't really trust the opinions of those in the know, they generally don't outperform major indexes. As the first crypto that could make it big, no one knows and no one can really guess what will happen, but any press is good press so lets hope he shouts it loud! |
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I have some question hope you guys can answer.. english is not my first language and I dont know much about bitcoin.
1- Can I rely only on bitcoin and not have a bank account specially that I live in a country where bitcoin is unknown?
2- If not.. where can bitcoin be used?
3- If the world Economy collapses, will the value of my bitcoin go down?
1.) Maybe yeah cause there have been services which will buy anything you need if you send them bitcoin, Neteller could probably help also. 2.) Everywhere What's it like in the future? I could technically buy anything with bitcoin, but only indirectly. I can give someone bitcoin and they can buy it for me using fiat, but I could also exchange my bitcoin for fiat and buy it directly, it's not exactly the same thing! The guy that made supersize me is making a documentary about living on bitcoin in america, I guess if it were as easy as you make out, the film will be pretty boring! |
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I just read this: http://www.finance-guy.net/finblog/what-is-bitcoinIt got me thinking that most people I talk to, don't understand enough about tech, or cryptography, to fully appreciate BTC. How would you explain it to them on a simple level so that they might become believers. A simple hook might help generate larger scale adoption by the masses. The number 1 best way to get people into bitcoin is show them. Get them to download a mobile wallet and send them $5 bitcoin or something, this will get 90% of people interested. They have a reason to now be interested. Except that they probably can't do anything with that $5 you just sent them because almost nowhere offline no where accepts bitcoin! I don't try to convince people about bitcoin, if they want to use it, I will help them, but I don't want to be responsible for them losing money if they make a mistake or the price crashes. I don't give stock tips either! |
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■In France and Italy they already start doing capital controls. ■The RUSSEL 5000 is at record high P/E ratio. ■Wallstreet manipulates gold derivatives by selling them to keep the physical gold price artificially low, however by the end of the year they could settle the trades and will lose tons of money, as the physical gold price could go up by the end of the year! ■Japan's debt is now getting really uncontrollable, they print alot of money, yet their economy still stagnates. In short global economy is fucked and prepare for HYPERINFLATION!
Keiser Report: Deadly Sales (E737) https://www.youtube.com/watch?v=MCHJto7UNtwKeiser is an idiot for one. Yes P/Es are high, but with so much QE, money has to go somewhere, bonds are also at record prices. If they want to control the price of gold, the price of gold will do what they want. Japan has been screwed for 20 years, and will be for the next 20 years. They still basically borrow for free and can print as much as they need. The world is entering deflation at the moment, that is the opposite of hyper-inflation! |
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Well its not the case here in Germany I can tell you that. I have just logged onto the site and there is no bitcoin option. http://www.neteller.com/fees/Look for yourselves before getting excited about this 'news'. Sorry to have doubted you, there is a lot of rubbish posted as fact on this forum, I couldn't see anything on the website in Germany or find news about it. Great news though! |
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As the title asks, is it safe to store your coins in Bitstamp's online wallet?
I wouldn't recommend keeping your coins on any exchange. Bitstamp lost a big load of bitcoins recently too. As far as exchanges go, they are pretty safe, but it's still better to have them stored locally. |
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This market place is a good idea in theory but in reality this marketplace isn't worth the fees. I deposited bitcoins 36 hours ago. still no buyer. dont waste your time with this service it isn't worth the transactions fees since they cannot sell bitcoins to a non existent customer base.
By the way... yesterday i got a call from a seller who claimed the buyer did a chargeback at amazon. I did not ask for a chargeback and im pleased with the product. I only can hope purse is fixing this since i dont want to get in trouble. Same thing happened to me, purse won't help you as you aren't to blame.. My case was also through amazon.de, I wonder if the buyer was the same person.. Was his username something young? |
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Would people be interested in USD pegged payments?
Well I wouldn't want that at all, but I'd hope they won't reduce the rates as soon as bitcoin's price rises and I won't complain that they need to raise the rate when bitcoin falls! |
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There are regulated exchanges meaning that your average person on the street can buy bitcoin without needing to meet anyone to exchange cash for bitcoin!
A lot of money is being invested into legitimate bitcoin businesses too, I think they all see that bitcoin adoption is inevitable and they will be ahead of the curve getting in now.
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Will 3rd generation rigs encourage miners who stopped mining to start back up again because of their power costs being above 15 cents per kWH? More than likely. Especially, if the price of bitcoin remains at the $235.00 to $335.00 level.
Cheers miners!
I don't see that happening at all. No matter what the power efficiency of the best miners, they'll get snatched up by people that have access to industrially priced power, and the difficulty/price will adjust to that. Unless you're in a good situation, mining isn't going to make sense whether it's 1w/gh or 10w/gh. It is nice to see the difficulty slowing down. Certainly makes sense since we're only doubling the power efficiency of our miners every few months vs back in the beginning days of ASICs where it was just a race to put out the next hardware as fast as possible. Exactly, those with the cheapest electricity will rule over mining, regardless what is used to mine. People seem content with razor thin, to zero profit margins, so no doubt when the 3rd gen rigs are released, the first ones released will ROI quickly, but the rest will be flooded out by massive industrial farms. It's quite sad really that so many people will pay so much money to increase the mining rates when 3g comes out, resulting in everyone getting back to the same situation we have now... ASICs producers win again. |
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Is there a payment deadline, if not, the way the price is going, it might be quite reasonable soon! More seriously, it's bad press for bitcoin in almost all ways, it is associated with crime and volatility, both bad for long term growth. I agree that it was probably a student, they have no idea how much money schools have - it kind of reminds me of Austin Powers: https://www.youtube.com/watch?v=jTmXHvGZiSY |
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You do know there are other ways to invest.. Not just bitcoin or gold, I'd suggest talking to a finical adviser about your investment options.
If you are content with low returns then it is probably best to save your money in a low interest account. It will be insured and is 'safe'. Gold is a solid investment, the price is quite low at the moment, it seems like a safe long term investment, not very fungible though. Bitcoin is dangerous, you could lose most of your money quickly, you could also make lots of money. It is fungible, if you can handle the stress of big price swings, it is a good investment in my opinion. I wouldn't put all my eggs in one basket. I personally am long oil at the moment, I can ride out the overproduction dip, but it won't stay at $50-60 for long, I am willing to bet on that! |
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just saw this on the news today. my full condolences to the families of the missing passengers.
you'd think that the more advanced our technologies are, the less accident will happen. but for some reason we have a lot of plane crashes these days.
I think there are less plane crashes relative to the number of flights than there have been in the past. There are just many more flights now than there used to be. Sad story. Yes, the number of flights is definitely higher - but no where close to the amount of regular traffic, not sure, I just think it's hard to make comparisons as people often do (not you). Also, while some people can miraculously survive a traffic accident, survivors of plane crashes are a very, very rare occurrence. That is not true actually: http://en.wikipedia.org/wiki/List_of_accidents_and_incidents_involving_commercial_aircraftThere are actually quite a lot of crashes that do not kill everyone on board. The majority of crashes kill all on board, but it is not very very rare. There were 2 crashes of the 7 in 2014 that had survivors. The number of plane crashes in 2014 was lower than in 2014, there were a lot more fatalities though. |
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But it's not an attack on Yemen (as the topic title suggests).
The terrorists or fighters or whatever are not endorsed by
the Yemenite government..
They have entered the territory of Yemen. It feels a bit pedantic to quarrel about if they have attacked or are invading, or attacking groups inside Yemen. Anyway that wasn't really the intent of my post. I thought it would be interesting to have a thread about the situation regarding Saudi Arabia and forces in Yemen being involved in military operations, with updates from different sources, as things can change quickly. Is that more acceptable? |
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Its was with coalition forces..
I dont see it as an act of war, its an act of deffense.
It wasnt a strike on Yemen Civilians or officials.
It was an attack on terrorists.
Well that isn't the away the press are reporting it. http://www.bbc.com/news/world-us-canada-32061632That is as mainstream as it gets and the headline of "Saudi Arabia launches air strikes in Yemen" is pretty clear. Did they attack Saudi, or is it pre-emtive defence? A pre-emtive defence is an attack in my opinion. |
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I think most of the unbanked ppl will suffer the most, especially those tourists, immigrants, or those who hates depositing in banks which charges them negative interest rates.
I don't think anyone likes depositing into banks with negative interest rates! When people start holding cash, then governments will have to start heavily controlling cash transactions, that is when Bitcoin will really come into it's own, if you ask me. There needs to be more places accepting bitcoin for a major influx to occur, but it is happening slowly. |
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