Bitcoin Forum
April 30, 2024, 01:04:36 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 [70] 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 »
1381  Economy / Exchanges / Re: Bitcoin Exchange Gemini Approved for Launch in New York on: October 14, 2015, 12:59:50 PM
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. Smiley
1382  Bitcoin / Bitcoin Discussion / Re: Will the Banking Industry kill Bitcoin and keep the Blockchain? on: October 14, 2015, 12:51:27 PM
Ok let's ask ourselves this question : Would you build your business on top of a technology controlled by external entities that are mostly unknown? The banks want something they can control and change, when they want to. They do not want to wait for a BIP to be proposed and then for some unknown entities to reach consensus and to decide if it is viable or not.

How do you build a business around all those uncertainties? They would rather create their own <Private Blockchain> with developers they trust and then manipulate the protocol in the way they want it to work.

We cannot ignore this, and the latest Core vs XT fights are not helping to bring them to the table. Our fighting and indecision are pushing companies toward <Private> alternatives and Alt coins.

So each bank create its own currency? There will be hundreds currencies. They need a common currency to do the conversion and value each currency. That common currency is bitcoin.

"common currency" ? Where is it common? It's banned in many countries and hard to be used and so on Smiley

Why Bitcoin? They can create an e-currency that they control (and it's normal to be like that) called "X" which will be adopted by almost anybody.

The BTC users are around of 3 mil and only a part of these people are owning BTC so Bitcoin doesn't really exist for the financial world market. It's just a lot of buzz and a "trendy" thing. Nothing more... Smiley
1383  Bitcoin / Bitcoin Discussion / Re: Buying Bitcoin was a worst decision of my life on: October 14, 2015, 12:48:12 PM
Seriously, buying Bitcoin is the worst decision?
I think no, the worst decision is when you buy a Bitcoin when the price is high.
But if you buy it when the price goes down, I believe you'll happy with it.

What does mean high and what does mean down? Smiley

Please define that. Thanks !  Grin

it usually means that they have bought bitcoin when the price was "high" at $1000-1200 and everybody was hyped up and there were talking about moon and 10K per BTC

and held on until price was as ("down") low as $200 and sold with big losses and they are kicking themselves for their thought-less decisions Cheesy

I was referring to what does mean "high" or "down" in terms of price. How do you know when it's low or high? Smiley
1384  Bitcoin / Bitcoin Discussion / Re: How do you feel about the negative reputation of the bitcoin currency? on: October 14, 2015, 12:32:47 PM
US dollar is also used in many criminal activities. Does it have negative reputations?

BTC is used 90% by the "black markets"(which includes HYIPs aka "Forex") . Without them, BTC would not exist or its value would be almost zero.
1385  Bitcoin / Bitcoin Discussion / Re: The future of bitcoin on: October 14, 2015, 12:09:28 PM
in future im sure bitcoin will be stable at ~$500 (after mining ended)
more country will be use bitcoin, and bitcoin will be number 1 online payment

Why would a country use a system like Bitcoin? A country wants to control its currency and it's a normal thing to do that Smiley


now some bank interesting to use bitcoin technology
in future im sure bitcoin more likely to use it

read this
http://www.coindesk.com/bank-of-america-bitcoin-growth/
http://www.forbes.com/sites/samanthasharf/2013/12/05/bitcoin-gets-valued-bank-of-america-puts-a-price-on-the-virtual-tender/

The technology is something and Bitcoin is something else. The banks are not interested in Bitcoin.
They have the control over the financial system. They are interested to develop their systems, yes.

Bitcoin itself is an e-currency and a small one and nothing more.

Do not forget that Bitcoin is used by around of 2.5-3 mil. people which is nothing considering the world financial market. Of course, many people have several addresses, and some have dozens of addresses so the ones who own BTC are less than that. Smiley
1386  Economy / Exchanges / Re: Bitcoin Exchange Gemini Approved for Launch in New York on: October 14, 2015, 12:02:04 PM
Why would a newbie use Bitcoin instead Paypal? There are is no advantage in using Bitcoin anymore. You have to provide a lot of documents in order to fund and to cash out Bitcoin...same as with Paypal.

When bitcoin is "regulated", we can be paid salary with bitcoin and use it as we wish legally.

Why would you be paid with Bitcoin when you can be paid in your country currency? What would be the difference?

I think many people do not understand that a Bitcoin regulated market means the end of Bitcoin because there are many other regulated payment systems/e-currencies in world which provide instant transfers and they have many other features.

Getting a financial license as many exchangers are looking because they cannot operate with it, means to OBEY to a Gov.
That's make you part of a financial system full or laws/rules/. The banks dictate these rules so they are the boss. Smiley

Now, Gemeni is just like a simple Forex company and nothing more.

Again, a regulated Bitcoin industry(with licences which includes AML, compliance, etc...) means the end for this e-currency because the core of those who are using BTC, want anonymity.
Anonymity is not possible in a regulated market so they will go to Altcoins(other non-regulated e-currencies) and so on... Smiley

Paypal, Netteller, Skrill +1000 other similar payment processors are regulated too. Why would you be paid in Bitcoin which is almost useless and not in Paypal which is accepted everywhere? Why not in gold? Smiley
...or why not accepting the salary in the traditional way(in a bank account) while using BTC became so hard? (a lot of papers to be provided) Smiley



1387  Bitcoin / Bitcoin Discussion / Re: Buying Bitcoin was a worst decision of my life on: October 14, 2015, 11:36:42 AM
Seriously, buying Bitcoin is the worst decision?
I think no, the worst decision is when you buy a Bitcoin when the price is high.
But if you buy it when the price goes down, I believe you'll happy with it.

What does mean high and what does mean down? Smiley

Please define that. Thanks !  Grin
1388  Bitcoin / Bitcoin Discussion / Re: Describe BITCOIN in ONE word. on: October 14, 2015, 02:47:27 AM
antiestablishmentarianism

say that to Coinbase and Gemeni and others who got financial licence which means "establishmentarianism" Smiley
1389  Bitcoin / Bitcoin Discussion / Re: Will the Banking Industry kill Bitcoin and keep the Blockchain? on: October 14, 2015, 02:40:45 AM
banks and government cannot stop bitcoin now because the inventor of bitcoin (satoshi nakamoto) has made it open source and also it is controlled by the user or u should say users pc so until all the desktop and phones got shutdown till then bitcoin will stay

keep dreaming, you are free to do that. Smiley

The banks don't need Bitcoin at all and it's so easy to make BTC to worth zero. You don't need to close it down. People will go away once Bitcoin's value will drop under a certain amount.

No money means no developers, no exchangers and no Bitcoin media and no more BTC shit.

I hope you are not a child to believe that someone cares about libertarian shit and on. Everybody is interested about money because they have bills to pay. Smiley

Yes, you will have BTC installed on your computer but nobody will put "real" money value in it.
1390  Bitcoin / Bitcoin Discussion / Re: This is the privatization of Bitcoin - it already happened on: October 14, 2015, 02:32:38 AM
Quote
This is the privatization of Bitcoin - it already happened
Don't see here anything like this sentence from topic.
Many companies do their bitcoin side-projects, that all.

Maybe you can see that all the Bitcoin is already owned by certain persons. It's a "blockchain" formed by so called investors who are behind the big exchangers. All the big exchangers are owned by the same persons and the developers who are working for them. What's so hard to admit that? Smiley

It's so simple. A gang of hipsters/geeks who created their own e-currency and some "crytomonkeys" who believed the Satoshy's story like the  myths of Inca who believed that a jaguar attacked and ate the moon on lunar eclipse. Yes, Bitcoin was made for everybody to get rich.

 It's so funny how the people can be manipulated !  Grin Grin Grin Grin
1391  Bitcoin / Bitcoin Discussion / Re: The future of bitcoin on: October 14, 2015, 02:07:11 AM
in future im sure bitcoin will be stable at ~$500 (after mining ended)
more country will be use bitcoin, and bitcoin will be number 1 online payment

Why would a country use a system like Bitcoin? A country wants to control its currency and it's a normal thing to do that Smiley
1392  Bitcoin / Bitcoin Discussion / Re: Will the Banking Industry kill Bitcoin and keep the Blockchain? on: October 14, 2015, 01:58:12 AM
The GOVs just have to put in jail few exchangers as they did, implement the financial laws which are very strict and BTC's value will go to zero.

BTC and any other Altcoins were designed to be decentralized and free of any restrictions. Now, you have to give your DNA to exchangers when you want to cash in or cash out BTC. They report to you to your tax authorities, they have access to your personal details.

So, why would BTC prevail when there are already debit cards? they make possible instant transactions and you have to provide the same documents even less. The banks require only and ID when you open the account with them. The exchangers are are asking many other proofs. Smiley

It is so funny when I see people happy that Gemeni, Coinbase and others  got financial licences. What's the difference between a normal financial company(like a traditional forex) and them? NONE.
A while ago. many of these people screamed that they want freedom, no control, decentralization and now, they applaud the opposite. Smiley

BTC is just an e-currency with a big support from media because it's a paid advertising; and it will always be like that until its value will be zero(not so far this moment).

Why would you use Bitcoin and not the fiat currencies while Bitcoin is like a centralized system? Smiley

I can use my credit/debit card to make purchase instantly everywhere with zero fees. What's the BTC advantage as e-currency? NONE.

You can only use it to take advantage of its volatility. Smiley
1393  Bitcoin / Bitcoin Discussion / Re: Buying Bitcoin was a worst decision of my life on: October 14, 2015, 12:15:23 AM
Thank you for the encouragement. I think I'm going to buy a little more in a couple of weeks.

 Cheesy

everybody makes what they with their cash Smiley

good luck !  Grin
1394  Bitcoin / Bitcoin Discussion / Re: How do you earn a lot of free bitcoins fast? on: October 14, 2015, 12:08:56 AM
create a HYIP or a black market and you will be rich shortly. Of course, hide your identity and done.  Grin

That;s the BTC meaning. Without HYIPs and black market, BTC won't exist. The "investor" who are trading BTC are too less in order to sustain an e-currency.

The price is artificially maintained by the big exchangers. They are buying and selling BTC despite the fact that they denied that. Smiley

I would have recommended you open an exchanger but the game is already made. Few big exchangers are controlling a small market like BTC and you will only earn pennies.
1395  Bitcoin / Bitcoin Discussion / Re: Describe BITCOIN in ONE word. on: October 14, 2015, 12:02:13 AM
illusion Smiley
1396  Bitcoin / Bitcoin Discussion / Re: Buying Bitcoin was a worst decision of my life on: October 13, 2015, 11:57:51 PM
Well, as any investment, it may go down. BTC is a very volatile "thing/e-currency" and you should not invest what you are not prepared to lose(old quote) Smiley

You lost. That's it. Move forward. There are many other places where you can invest. Learn the lesson and move...
I know people who lost over 200K when MTgox went down. I mean, they bought BTC with "cash"(bank wire) with X amount and the price went down  and they had X-50% in a matter of one day.
1397  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin on: October 13, 2015, 09:56:57 PM
Bitcoin has a lot of advantages that most people don't realize yet. It is much less expensive to send Bitcoin across the world than it is traditional money. The big problem Bitcoin currently faces is that most people do not actually realize how superior the currency is to fiat. In time I figure, more people will know, and Bitcoin will really take off.

I am paying 0% for any online  and offline shopping by credit cards/debit cards. I can transfer funds  to other person via any payment processor instantly.

Yes, it takes from 1-3 days if I am sending bank wire.I am sending it for a large amount only and I am feeling in safe by using a bank instead of any Bitcoin or Altcoin.

..... the online wallets are not safe at all.


Bitcoin wallets aren't 100% safe, you can say the same about bank accounts but more than likely if your bank account gets stolen, they have some protection for you, if your Bitcoin wallet is stolen, goodbye money!

 " Why would I keep the money in a system like Bitcoin when we have credit/debit cards?"
So, why would I use Bitcoin?


You might be paying 0% for shopping with your card, but the stores have to pay for that service to the banks and in the end, the customers end up paying the costs.
Bitcoin hardware wallets like Trezor are as safe as you can get.
For me, (nobanks4me),  the main reason I would like to see Bitcoin adopted is to minimize my reliance on the banks and the banksters.

BTC has a fee too and the miners will have a fee in the end. Nothing is free in the financial world. Would you open a business and processing transactions for free? No, because you won't be able to sustain it. Smiley
The credit cards/debit cards +mobile payments are the future. BTC is just another trendy e-currency for now who has a lot of buzz in media because the media was paid for that Smiley
Nothing bad but the people will never adopt it as an universal payment system. Yes, it's good if you want to make quick money because Bitcoin value is going up and down very fast. You may say that it's a niche e-currency for those who wants to "play" and for "shadow biz"

The regulations(the exchangers are requiring more and more papers) will make the dark markets(including Ponzi schemes) to go other e-currencies (Altcoins) and this will be the end of Bitcoin.
Now, more than 80% from Bitcoin is "sustained" by the black markets.

1398  Economy / Exchanges / Re: Bitcoin Exchange Gemini Approved for Launch in New York on: October 13, 2015, 01:03:56 AM
I expect Gemini to be just another Bitcoin bank, much the same as Coinbase or Circle. The goal of such services, as stated by Jeremy Allaire, is to make Bitcoin "part of the global banking order." Bitcoin was designed as an alternative to that broken, fraudulent system and no amount of FUD about "evildoers" will change that.

Please help me get the word out, to newbies especially, that decentralised exchanges and those which don't demand all your Personally Identifying Information are the only way to go! I wrote a newbie-friendly guide which covers the disadvantages of Bitcoin banks in comparison to services like LocalBitcoins.

You are right but as you can see, the people trust more in "regulation"(control). Now, Bitcoin wanted to be an anonymous and free e-currency which it is not. Why? Because the regulations  made it to be as any other e-currency from market.
More than that, it's hard to be used and it's not cheap at all.

Why would a newbie use Bitcoin instead Paypal? There are is no advantage in using Bitcoin anymore. You have to provide a lot of documents in order to fund and to cash out Bitcoin...same as with Paypal.
1399  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin on: October 13, 2015, 12:42:50 AM
Bitcoin has a lot of advantages that most people don't realize yet. It is much less expensive to send Bitcoin across the world than it is traditional money. The big problem Bitcoin currently faces is that most people do not actually realize how superior the currency is to fiat. In time I figure, more people will know, and Bitcoin will really take off.

I am paying 0% for any online  and offline shopping by credit cards/debit cards. I can transfer funds  to other person via any payment processor instantly.

Yes, it takes from 1-3 days if I am sending bank wire.I am sending it for a large amount only and I am feeling in safe by using a bank instead of any Bitcoin or Altcoin.

So, I don't see any advantage by using Bitcoin for the "normal people" excepting if they want to play a little with their money by making some bets with BTC trading.

Let's think logical. Why would I keep the money in a system like Bitcoin when we have credit/debit cards? Smiley Also, the mobile payments are available.

A BTC transaction takes at least 10 min; the online wallets are not safe at all.

Yes, BTC is good for a niche. I agree with that.

You summed how I feel greatly.  The normal population sees no benefit in Bitcoin right now.  To make matters even worse, Bitcoin wallets aren't 100% safe, you can say the same about bank accounts but more than likely if your bank account gets stolen, they have some protection for you, if your Bitcoin wallet is stolen, goodbye money!

Yes, this is my point. BTC is hard to be understood for the "normal" people and also, this question is like a motto  " Why would I keep the money in a system like Bitcoin when we have credit/debit cards?"
Now, all the exchangers are requiring documents like any bank;some of them are regulated so they report me to tax authorities as well.So, why would I use Bitcoin?
1400  Bitcoin / Bitcoin Discussion / Re: Non-bitcoin forums discussing bitcoin on: October 11, 2015, 11:46:24 PM
The people from other forums are talking about Bitcoin because BTC is the main e-currency now. Those forums were created long before this forum. They talked about e-gold, osgold and LR in the past.

Almost all the HYIPs, MLM and others moved to BTC. Some of them are called Forex but it's the same... Smiley

That's why other "non-btc" forums are  discussing bitcoin. There are no other e-currencies on market who deserve their attention.
BTC is trendy for now Smiley
OP mentions phpBB, forumpromotion, digitalpoint. None of them are HYIP or MLM discussion forum.

Well, Bitcoin has a bad reputation because it's mainly use for "stuffs/things" Smiley

I said mainly and not 100% Smiley
Pages: « 1 ... 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 [70] 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!