The general consensus says that the more places that start accepting Bitcoin the more valuable Bitcoin will become, but if we take a look at the recent news from Overstock - all the sales they make in BTC will be converted straight away to fiat - there is going to be a need for a general rise in the use of Bitcoin to support this.
Of course, if more people start using Bitcoin then this could potentially be sustained but if this is not the case the retailers will just be dumping BTC on the market.
What Overstock should be doing is using the BTC to pay for their costs - not possible at the moment - paying salaries to those that want a portion, if not all of their pay cheque in BTC. This would be a better way to sustain and stabilise Bitcoin.
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Some faucets are legit but it would take you forever to get a reasonable amount of Bitcoin. For me I have found it is simply not worth the time to do this.
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I'm not aware of one but would like to know as well if you find out post it as it would be an interesting tool.
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Viewing your investment as long term is definitely the mind-set you need to be in although there are opportunities to be had buying and selling BTC and taking advantage of the volatility. Bare in mind this takes skill and finesse and is certainly not for the faint hearted.
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That's a great idea! Can I have one
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I think there are too many coins on Cryptsy already - there's no real need to add more!
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I'll have to have a look, never been fond of watching ads for coins but this one could be different.....
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The biggest argument against Bitcoin - and all crypto currencies for that matter - is that everyone thinks everyone else is out to rip them off in one way shape or form. It's sad but when you can't trust anyone, how far can it go?
To use Bitcoin trust is unnecessary. Consensus is necessary. As with trading anything, all parties involved must agree with the value of the item being exchanged. Fiat is backed by trust in the issuing authority. Even transactional trust is unnecessary if you use escrow. I was meaning that you have to trust that the person you are buying BTC for example from will actually send it - escrow is all well and good - but you still have to trust the person acting as escrow to do what they should.
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Coins look awesome, I'll have to get saving my BTC for one!
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I think there are a few good alts out there at the moment - Anoncoin looks very promising and I have a stash of them waiting for the price to skyrocket.....
Oh really , and why would it skyrocket? Any solid arguments? Sorry, the ...... after skyrocket was meant to imply that I actually have no idea
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I have never had an issue with Cryptsy but have never dealt with Doge. BTC in, trade, BTC out and always works quickly and smoothly.
Hopefully it will pick up for all the other currencies!
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Is this a joke? There is no need for ANY more coins just destroying the ones there already are!
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I've been quite fond of Anoncoin for a while now. Just wondering who else here sees a good future for Anoncoin? If I had to gamble I could see prices rising considerably but of course I don't gamble Anyone here choose Anoncoin as Bitcoin's number 2???
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I'd go for 2 PSU's, it's always best to have room to spare instead of running on the edge.
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Good luck with your new venture - I would advise investing directly however, too much competition mining now!
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Maybe fun to mine them but there really are too many coins in existence now, may the good ones last (BTC, LTC, ANC, NMC, PPC and a few of the others)
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I think there are a few good alts out there at the moment - Anoncoin looks very promising and I have a stash of them waiting for the price to skyrocket.....
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I've personally never had an issue with Cryptsy.
I think the issue lies when you do have an issue - getting a resolution is virtually impossible.
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Have you tried using Google translate to send tickets in Russian? There have been a lot of people complaining about OK pay.
I'd just keep at them and hope for the best.
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Create an account with one of the exchanges, I'd go for Bitstamp, get verified and you can transfer money from your back to buy Bitcoin.
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