|
1361
|
Economy / Exchanges / Re: Bitcoin Exchange Gemini Approved for Launch in New York
|
on: October 18, 2015, 12:52:05 PM
|
Now, each bank is working with USD so even they won't create a new currency, they already have it.
Why would they need Bitcoin? They are only interested in BTC tech and period. Bitcoin is hard to be used by the common people and this thing cannot be changed. Also,the BTC users are too few for banks (around of 1,5 mil. users who are holding BTC funds)
Time will change that. Ordinary people can store their bitcoin in smart phone and use it when more shops accept bitcoin. The people can do that by using the existing currencies like USD, Euro and other local ones. Why do they need BTC? I can pay already with my phone. The debit cards are accepted almost anywhere. Why would someone need BTC to pay something? I said for 100 times. BTC transactions take more than 15 min while the purchasing via credit card is instant If the price of bitcoin is stable, it can be used as a store of value, unlike USD or other fiat, devalue all the time. Do you know any commodity or currency which is stable?  Neither gold,platinum, oil are not stable.Nothing is stable. BTC is full of volatility and this is how it will remain until the end of it. Speculative trading is the main use + dark market. How can it ever be stable? Stable mean not more than a few percentage a day volatility. Otherwise the goods will be priced in fiat, not bitcoin, even though you can pay with bitcoin, the vendor will change bitcoin into fiat instantly, they will not keep bitcoin. That is bad for the value of bitcon. and why the vendor is doing that? because BTC is trendy, a part from media is buzzing about it. Also, the vendors are benefiting from free advertising ("that store is accepting BTC, it's cool!" ) But these vendors do not trust Bitcoin at all and they want cash. they don't need an e-currency as long they are payint taxes, suppliers with real money; and they are afraid of volatility. Don't you in their place? |
|
|
|
|
1362
|
Economy / Exchanges / Re: MtGox withdrawal delays [Gathering]
|
on: October 18, 2015, 12:46:13 PM
|
1. You invested and it went bad, so you have to move forward . You won't get any cent back. 2. This is Bitcoin; a so called niche market full of scammers and speculative trading. Why a people will ever put his money in BTC excepting for speculative trading or to buy shits? Because you want to make money overnight or the "dealer" does not accept traditional payments for obvious reasons . 3. Well, this has a risk and you lost this time. 4. You can buy normal things by using credit cards and you can invest in the Forex market by sending bank wires to real Forex companies not shits like Bitfinex, BTC-e and so on. BTW, what do you know about these ones? Any license for BTC-e? 1. The "invest" parameter is not equal to "entrust" to someone with something (BTC) that you take ONLY his word that you will get back when they see fit. I was against such a policy, but when you have an amount of coins that you mined and want to take something back for your effort, (and you don't) then this is theft and not "bad investment". 2. Correct! We're all scammers and thieves in here. What a noble man like you doing with scumbags like us? 3. I made my peace, it wasn't THAT much anyway. 4. Ah, you're THAT type of guy. How's that working for you with all the bear market since May? I know; you answered yourself in (3).  Not everybody is a scammmer. Of course not. There are some honest people who are looking to earn some extra money for their living. But we cannot close the eyes and not seeing that over 80% from the BTC is used for illegal things(black market) and HYIPs(most of the Forex and Mining). When you know these things, you should think twice before sending money to an exchanger. How can you send(entrust) money to an unlicensed company who is performing forex(financial transactions) like MT Gox was? I see that the people didn't understand the lesson and they are keeping doing that with other similar exchangers(see BTC-e, Bitstamp and so on; they are not licensed).So, I cannot sympathize with these kind of persons. |
|
|
|
|
1363
|
Bitcoin / Bitcoin Discussion / Re: Will the Banking Industry kill Bitcoin and keep the Blockchain?
|
on: October 17, 2015, 05:49:30 PM
|
Would you build your business on top of a technology controlled by external entities that are mostly unknown? controlled by entities mostly unknown? You mean: controlled by math, open source, and well known and extensively studied cryptography. That's the controlling foundation of this tech. It's not being controlled by anyone in particular. Yes, BTC is controlled by developers, miners and exchangers. All of them are owned by a small group of people called , "investors" . Make a little search and you will see who "owns" Bitcoin |
|
|
|
|
1364
|
Economy / Speculation / Re: Is it China again?
|
on: October 17, 2015, 03:28:53 PM
|
More than 50% from the exchangers' volumes are fake so it's a market manipulation. What arbitrage are you talking about if the bots are controlling the trades? How is it possible on a decentralized market to have almost the same sell and buy price at all the exchangers? You should questioning yourself regarding to many things that are happening in this BTC market. |
|
|
|
|
1365
|
Bitcoin / Bitcoin Discussion / Re: Fork: Will this be possible?
|
on: October 17, 2015, 03:23:29 PM
|
Anyway, it's odd. Without new development, BTC will die because it's so limited. With new development, Bitcoin will die anyway because it won't be BTC anymore it's not like something that remove the limit, which was originally the case with bitcoin, when it was first released, can change bitcoin completely it's a simple value in the code, don't get overboard with your arguments, nothing will change, it will be always the same old bitcoin, with its original 32mb limit nope, it won't be because the Bitcoin XT is making much more than 32 mb. For example, it's tracking your location. How is it with the so called BTC privacy in this case? I am sure that XT will be an Altcoin. |
|
|
|
|
1366
|
Bitcoin / Bitcoin Discussion / Re: Buying Bitcoin was a worst decision of my life
|
on: October 17, 2015, 03:12:48 PM
|
I'm very new to Bitcoin and I'm so glad to hear some people still support it even with all the ups, downs and scams. On the other hand, I understand OP position, we are all in the same boat, Bitcoin can be worth thousands or nothing in the next years. With other investments, you can lose money, but there's a least a natural course of action. With Bitcoin we never know and that's both terrifying and awesome!
Then be prepared to lose and don't come to forums for whining if this thing will happen. Many people are doing that without common sense and shame. They know that Bitcoin is a niche market full of scammers, black market, speculative trading; they want to make money overnight but if they lose, it's the end of the world |
|
|
|
|
1367
|
Economy / Exchanges / Re: MtGox withdrawal delays [Gathering]
|
on: October 17, 2015, 03:04:37 PM
|
Mark Karpeles spent 6,000,000 JPY ( 50 K USD ) for order made bed. Although not covered well by the media ( http://motherboard.vice.com/tag/Mark+Karpeles), The bed was so special for BDSM play with Japanese prostitutes. I wonder if the bed has been sold via auction to convert their asset to money (or bitcoins). That is your guess, right? He is married and has a child, IIRC. Not that one thing excludes the other, but... Apart from guesswork and assumptions, there's not much we can do at this point. The aftermath of the legal actions is yet to be revealed and it's now Mid-October. I presume the situation will continue until sometime in 2016 and frankly I begin to lose any hope that we will manage to get ANYTHING back. Maybe that's what they were after in the first place...  You invested and it went bad, so you have to move forward . You won't get any cent back. This is Bitcoin; a so called niche market full of scammers and speculative trading. Why a people will ever put his money in BTC excepting for speculative trading or to buy shits? Because you want to make money overnight or the "dealer" does not accept traditional payments for obvious reasons . Well, this has a risk and you lost this time. You can buy normal things by using credit cards and you can invest in the Forex market by sending bank wires to real Forex companies not shits like Bitfinex, BTC-e and so on. BTW, what do you know about these ones? Any license for BTC-e? |
|
|
|
|
1368
|
Bitcoin / Bitcoin Discussion / Re: Fork: Will this be possible?
|
on: October 17, 2015, 02:59:10 PM
|
I know that the fork talk is low nowadays , and that the possibility of it to happen are close to 0. But let's say it does happen and BTC exist in the two chains... Would it not be a possibility to profit from it? if coins are duplicated, the highest possibility is that they drop to half value. But, could it not be that they keep some of that value and people will end up with a gain %? Would be kinda like a halving or not? The fork will not happen (thanks God). Case closed! It serves no purpose to even talk about the consequences when it's not going to happen! Bitcoin XT is real. So, why not? True but very unlikely I think it is highly likely that the fork will happen, the blocksize does need to be increased after all. I do not mean to be overly dramatic but if the blocksize is not increased then Bitcoin has no future. Fortunately most people do agree with this therefore I think that the fork will happen, especially once blocks start to fill up, the economic pressure will increase and Bitcoin will need to change in order to stay the same. Incentives will most likely align in the near future to allow this to happen. If fork will happen, BTC will be gone. There won't be any BTC just an Altcoin. As I can see, BTC will be gone if the fork is not made too. |
|
|
|
|
1370
|
Economy / Exchanges / Re: Bitcoin Exchange Gemini Approved for Launch in New York
|
on: October 17, 2015, 01:30:20 PM
|
Now, each bank is working with USD so even they won't create a new currency, they already have it.
Why would they need Bitcoin? They are only interested in BTC tech and period. Bitcoin is hard to be used by the common people and this thing cannot be changed. Also,the BTC users are too few for banks (around of 1,5 mil. users who are holding BTC funds)
Time will change that. Ordinary people can store their bitcoin in smart phone and use it when more shops accept bitcoin. The people can do that by using the existing currencies like USD, Euro and other local ones. Why do they need BTC? I can pay already with my phone. The debit cards are accepted almost anywhere. Why would someone need BTC to pay something? I said for 100 times. BTC transactions take more than 15 min while the purchasing via credit card is instant If the price of bitcoin is stable, it can be used as a store of value, unlike USD or other fiat, devalue all the time. Do you know any commodity or currency which is stable? Neither gold,platinum, oil are not stable.Nothing is stable. BTC is full of volatility and this is how it will remain until the end of it. Speculative trading is the main use + dark market. How can it ever be stable? |
|
|
|
|
1371
|
Economy / Exchanges / Re: Bitcoin Exchange Gemini Approved for Launch in New York
|
on: October 17, 2015, 01:20:32 AM
|
Now, each bank is working with USD so even they won't create a new currency, they already have it.
Why would they need Bitcoin? They are only interested in BTC tech and period. Bitcoin is hard to be used by the common people and this thing cannot be changed. Also,the BTC users are too few for banks (around of 1,5 mil. users who are holding BTC funds)
Time will change that. Ordinary people can store their bitcoin in smart phone and use it when more shops accept bitcoin. The people can do that by using the existing currencies like USD, Euro and other local ones. Why do they need BTC? I can pay already with my phone. The debit cards are accepted almost anywhere. Why would someone need BTC to pay something? I said for 100 times. BTC transactions take more than 15 min while the purchasing via credit card is instant |
|
|
|
|
1372
|
Bitcoin / Bitcoin Discussion / Re: Fork: Will this be possible?
|
on: October 17, 2015, 01:18:49 AM
|
I know that the fork talk is low nowadays , and that the possibility of it to happen are close to 0. But let's say it does happen and BTC exist in the two chains... Would it not be a possibility to profit from it? if coins are duplicated, the highest possibility is that they drop to half value. But, could it not be that they keep some of that value and people will end up with a gain %? Would be kinda like a halving or not? The fork will not happen (thanks God). Case closed! It serves no purpose to even talk about the consequences when it's not going to happen! Bitcoin XT is real. So, why not? It is real, but if they meant to get some support, I am sure they would have gotten it by now! It's clear to everyone by now that Bitcoin XT was just a failed case of highjacking Bitcoin. Well, you should remember that Gavin is a BTC VIP. All the BTC media says that he is the best developer. ))) So, did he want to highjack BTC? |
|
|
|
|
1374
|
Bitcoin / Bitcoin Discussion / Re: Fork: Will this be possible?
|
on: October 15, 2015, 11:38:15 PM
|
I know that the fork talk is low nowadays , and that the possibility of it to happen are close to 0. But let's say it does happen and BTC exist in the two chains... Would it not be a possibility to profit from it? if coins are duplicated, the highest possibility is that they drop to half value. But, could it not be that they keep some of that value and people will end up with a gain %? Would be kinda like a halving or not? The fork will not happen (thanks God). Case closed! It serves no purpose to even talk about the consequences when it's not going to happen! Bitcoin XT is real. So, why not? |
|
|
|
|
1375
|
Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin
|
on: October 15, 2015, 02:13:48 PM
|
it surely has the bright future i believe that bitcoin community will grow a lot in the future and its price will be really high after a few years
you can't be sure on tomorrow but next year ? So, take the opportunity now if you can. Speculate BTC as much as you can and done..."few years" can mean never as well. It is to hard and very risky to do this. And big amounts of bitcoins or money. But even some others thing. Speculation need patience and a little luck. You need to stay in front of your computer following the price of bitcoin with the other currencies all the day. And maybe will have the chance to make some earnings. This is a little hard for someone which have other things to do and have to do a job to maintain its family. Good point but many people from this forum are dreaming to become millionaires overnight just because they own few bitcoins. Remember that stupid motto: "BTC to the Moon" |
|
|
|
|
1376
|
Economy / Exchanges / Re: Bitcoin Exchange Gemini Approved for Launch in New York
|
on: October 15, 2015, 11:33:10 AM
|
This is a dream that it is impossible in this world. The banks will never allow what you say here. The people follows the banks and not an utopia. The banks want their own currency(they want control) not Bitcoin. The banks may only use some of the tech of BTC and nothing more. The banks already have the debit cards and also the mobile payments which will be a BOOM soon. They don't need any BTC with its +15 min processing transaction and with +80% black market. You have to understand that BTC is a niche market and this is how it will remain. BTC regulated = Paypal or any other similar payment processor. Why would the people using it? Yes, it's ok for speculation for now but don't have dreams regarding to Bitcoin. When MTGox went down, the price drooped with 50% in 48 hours; same with Silk Road....BTC has around of 3 mil users and much less are owning funds in BTC. BTC has a BIG buzz in media and the results are modest. What are we talking about? Will all the banks unite and use a single currency? Yes, it is possible. Now, each bank is working with USD so even they won't create a new currency, they already have it. Why would they need Bitcoin? They are only interested in BTC tech and period. Bitcoin is hard to be used by the common people and this thing cannot be changed. Also,the BTC users are too few for banks (around of 1,5 mil. users who are holding BTC funds) |
|
|
|
|
1377
|
Economy / Exchanges / Re: Bitcoin Exchange Gemini Approved for Launch in New York
|
on: October 15, 2015, 01:42:15 AM
|
BTC being regulated (that means I have to provide my documents to "someone" in order to get verified), why would I use BTC while I already have a bank account, credit cards, debit cards and other traditional financial instruments?I can do whatever I want by using a credit/debit card already and instantly with zero fees on my side. It will the best thing you will (can) do. Do not use it and use all the others tool you mention in your post. Leave your bitcoin in your wallet. Theoretically the price of bitcoin can go very high. Only if regulated (otherwise with to much probability will be banned) and accepted legally as a normal currency in your country. That day you remember that you have bitcoin and again don't use those. Only do a change in your desired fiat money. You will have, using this way of action, much more profits than the actual use of it. This is a dream that it is impossible in this world. The banks will never allow what you say here. The people follows the banks and not an utopia. The banks want their own currency(they want control) not Bitcoin. The banks may only use some of the tech of BTC and nothing more. The banks already have the debit cards and also the mobile payments which will be a BOOM soon. They don't need any BTC with its +15 min processing transaction and with +80% black market. You have to understand that BTC is a niche market and this is how it will remain. BTC regulated = Paypal or any other similar payment processor. Why would the people using it? Yes, it's ok for speculation for now but don't have dreams regarding to Bitcoin. When MTGox went down, the price drooped with 50% in 48 hours; same with Silk Road....BTC has around of 3 mil users and much less are owning funds in BTC. BTC has a BIG buzz in media and the results are modest. What are we talking about? |
|
|
|
|
1378
|
Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin
|
on: October 15, 2015, 01:32:17 AM
|
it surely has the bright future i believe that bitcoin community will grow a lot in the future and its price will be really high after a few years
you can't be sure on tomorrow but next year ? So, take the opportunity now if you can. Speculate BTC as much as you can and done..."few years" can mean never as well. |
|
|
|
|
1379
|
Bitcoin / Bitcoin Discussion / Re: Buying Bitcoin was a worst decision of my life
|
on: October 15, 2015, 01:30:06 AM
|
Buying/Selling bitcoin should be viewed as buying/selling any other commodity investment. Be it gold, oil, corn or bitcoin the rules of supply/demand and popularity apply. To the OP if you want to trade in Bitcoin start be finding out who the best commodity traders are and read everything they have to say.
the commodities are regulated, BTC is not and that's why you can be cheated very easy. |
|
|
|
|
1380
|
Bitcoin / Bitcoin Discussion / Re: Will the Banking Industry kill Bitcoin and keep the Blockchain?
|
on: October 14, 2015, 01:09:13 PM
|
you will think that it would be a viable solution for them to waste money to kill bitcoin, maybe viua 51% or something, when they can simply use those money to compete with it
or to raise infrastructure that can help regualte it and thus increase their taxes income? i think the latter is more advantageous for them
They won't waste money to kill bitcoin. Bitcoin as e-currency doesn't exist for them. It's nothing; around of 3 mil users and much less are owning BTC. Keep in mind that BTC has a lot of advertising and buzz in media and it only has 3 mil users. A LOT of money were already invested in this "buzz" and the results are very low IMO. They are curious about the software behind BTC and nothing more. |
|
|
|
|
Show Posts
