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Theres a recent bitcoin documentary movie made, on the theory of money.
movie title: Bitcoin The end of money as we know it
You should check it out if you havent, but its basically a evolution process on what people traded back then eventually leading to the 1st coin.
So its going through a similar process like the 1st metal coin did which were produced by the kings etc.
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I make around 0.2 Btc per week by signature campaigns and by selling services. If I waste my time on raping faucets I would not even make 1/4th of it, Faucets are of no use just to try out bitcoins and understand how bitcoin works. If you work 15 straight on something else you could easily make 5-10x more than you can on faucets. And faucets are boring to be honest. Unless you have tons of referrals its no use to work on them. They are best way to make money for the owners  I gotta say thats a pretty good amount earned per week. Esp doing that with signatures, thats a ton of posting invovled. Although you did mention about selling services, Im guessing that makes up enough make up for the posts not being done. Your service must be on the high end or its in demand enough to be in it per week. Any tips on how you came to your idea of service? |
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this once again shows that patience will pay off considerably. something that may look a bad investment now will make you regret not having invested years ago.
yeah but i know most arent willing to wait 4 or more years. i would of been in the same boat as the op. I mean how does the average joe see past 4 years unless they are commited since they personally agree its a new financial innovation. |
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heres a tip though, itll be 10k when?
its when we all stop thinking about that 10k thats when itll be lol. seriously though the whole speculation on seeing this wanting to grow is like a watching a plant turn into the tallest tree which takes 14 years..
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the best thing is that you can either salvage what the iphone and the laptop.
if theres no evidence being used for the cops, or else its pointless.
as for the people who lack compassion for people using bitcoin, shame on you. you know simple mistakes happen or like transactional error amounts or importing into a old address you cant find.
theres a million ways to lose it, but yeah in the future just test 1 btc to confirm. Its better to let the other party wait it out so you know its all good.
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i usually do as much faucets as i can i also earn 0.04 every week from posting on the forum and getting payment from my signature campaign, i also do gambling sometimes but really rarely
when you do gamble do you usually do it at a 90% rate with a high principal? cause I did what you were doing as well at one point, but then I lost like 1 btc entirely and wanted to just do 1 roll and I lost. whats your gambling approach since you do it sometimes as well. |
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yes i got it from the faucet and i decided to gamble it all, i lost 0.01 as i did an all in bet on 3x i have never hit it yet even though i tried like 6 times already
atleast it wasnt a .1 btc loss right. But I think gambling and doing it 6 times would of still made you lose. The purpose of gambling is when you win, you cant stop really and its for you to come back to deposit and play again until you lose more. |
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A Ponzi is a scheme that takes investor money and pays out fixed returns until the payouts exceed the incoming funds and the perpetrator disappears with the money.
A pyramid is a scheme where people buy in in anticipation that "since the thing is so good, others will also join, and my share will be worth more". Almost all investing is based on pyramid. If the thing actually is good, or more people join in, then the value rises. Otherwise not.
The difference is whether there is a promised fixed payout.
from Wikipedia: "A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator." Fits fine, let's not split hairs. A Ponzi scheme needs not have a promised fixed return, merely a promoter who stands to gain without himself risking anything. Anyhow, I'm glad that you, as a minimum, acknowledge that you have initiated a pyramid scheme, and that "your friend" wisely invested in it. Edit: On second read, that came off sounding accusatory, not meant to be. I am genuinely fascinated by this sort of thing, and am enjoying what you did, albeit from the bleachers. It is a pyramid scheme, but note that all money are pyramid schemes. People want to have them, not for the money itself, but for the vision of being able to exchange them for something useful in the future. Fiat money could also set out to be appreciating for ever, that depends on the money manager. But at the incursion of a new fiat system, the value has to start from zero, and appreciate to the money managers preferred level using progaganda and prudent printing. Well then all schemes have a deadline some are longer to predict then others. And the us dollar itself is then a pyramid scheme since its based off owing more money then it can actually issue out. The thing is, the scheme wont die unless people are educated knowing that its scheme. If you ask someone on the street today, and ask them what fractional reserve lending was they would be clueless.. lol. |
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I know the value will jump, but I say within before the end of this yea it`ll be officially high 200ish or lower 300ish.
And this is based on going up and down each month basis then a daily basis.
But overall look its going to skyrocket since its consider the only positive money for americans and everyone else who wants to be their own bank.
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with bitcoins i can earn 0.04 as im enrolled to the fixed rate campaign and i have to post 20 posts additionally i can earn from faucets like 0.005 and then try my luck on gambling
or why not just do everything you mentioned and cut out the gambling part lol. youll be surprised that you`ll have a higher balance then most if you do this, since you cut off risk lol. |
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So wait, is Bitcoin more like the internet, or Berkshire Hathaway Class A shares, or is it more like Broadcast.com?
you can not really compare it to the last option you said unless you are referring it to like broadcast.com like some penny stock. mark cuban sold off and had a binding offer to get yahoo shares, so its not the same thing. As for the comment on hathaway shares since buffet keeps adding more billion dollar companies to his portfolio. bitcoin is similar to the internet, but its not quite either. Its a new financial innvoation on multiple levels as a money transmitter, and a bank account essentially. All these forms may look similar but its totally different in nature. bitcoin caters also to the other countries that are unbanked as well. |
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Lol, I love all those pumps from old threads. It really puts things into perspective doesn't it. This one is one of my favourites https://bitcointalk.org/index.php?topic=27348.0How much of an idiot this guy must look like by now? feels bad for him  What's a worse feeling than not being there? Being there and realizing your sold a fortune for peanuts year later. 8600@$5.25 is $45,150,00. My guess is 95% of this forum would gladly step into that "idiot's" shoes, at least as far as money's concerned. Indeed, 45 grand is a lot of money, but think about it, 8600@280 (current price) is 2.408.000, thats retirement money. And that's current price, imagine if he sold at anything higher than that, if he waited he could have made almost 10 million dollars! crazy. He should have sold 50% if he was panicking, never sold all of your BTC! Who knows, he could have invested a few of those bucks in lottery tickets, and won 20 mil. And BTC could have zeroed out in the meantime, like dozens of alts. Anyhow, I'm sure the guy isn't losing sleep over it, probably mined it/bought it with his lunch money, and had fun doing it. I highly doubt that even if he did what you said his odds still lose a chance of 20 mil. And as for anyone who has that sum of bitcoin, its only because he had so many he didnt see it a big deal if it was easily acquired which I assume back then you can pump out like 1 btc if you had a decent graphics card before the asic war. |
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You have to be fair, IF OP bought back later that year he definately didn't do bad, I didn't read the whole thread tho Chart from june 2011 to december 2011:  And if HOLD even if he didn't sell on the 2013 peak, he would still have a shitton of purchasing power. And if he holds for 5 more years, he'll be on a winning position again (even if he doesn't sell in the midst of future bubbles). you gotta understand all those mt.gox deposits were paying another customers pocket. and he acted more of a higher scale of a ponzi until he couldnt match the other deposits since he paid himself on getting a "car". so all that information on TA with that exchange is all garbage. |
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I dont think anyone will see the next crash, cause if we did then we would of saw mt.gox`s incident before it happened.
Only a few knew what was going on for that crash, hence being a crash. As for any other crash, I dont see a huge player like an exchange crashing anytime soon.. unless something else drastically happens..
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just a tip, theres plenty of users giving away netflix accounts as giveaways on the gambling thread.
so I suggest to reconsider to sell this.. since everyones getting it for free.
also your reputation doesnt help either..
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Just curious, after you sell off the $475, will you have any more after that?
or this more like a one time thing, and you collected unspent balance over the years thing.
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There are enough libertarians out there to drive Bitcoin to the moon, if that's a problem.
Anyway, I don't think it's a problem in terms of mainstream adoption. All new technologies have been used to do bad things at the early days, it will not surpass the positives.
I agree on some points esp base on the user either they do it for good or bad. But the thing with bad news, it spreads like wild fire and the good points are not seen anymore based on fear, cause I just asked what my friend thinks about bitcoin. And all his was response was oh yeah that scam thing. Lack of understanding he explained he read something on about silkroad years back, and that itself made him re-think. Its sad, but theres many cases like this.. I just told my friend to re-think about it. Hopefully he sees this gox story as a positive sign? |
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id be intrested, but id have to see the actual photos of it how it looks like right now after being used 2 weeks.
Like open it, and see what the conditions are and if theres possible things that need cleaning etc. The whole stock image makes me cringe..
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You didn't technically steal any of my money/property, however you did try to extort me into removing negative feedback against you. I'm not sure how you are suppose to refund for that. Maybe an apology but I doubt it.
In what way (by what) was he trying to extort from you? What does he have against you? Or was he trying to talk you into removing the -ive rep ? He was threatening to run away with money that he was claiming to be entrusted with by a ponzi site that he was "escrowing" for their signature campaign. I believe the amount was somewhere around .7 BTC. None of my money was involved. You can see this thread for more details. So the question becomes is does he pay that back to the ponzi owners? Its crazy how he tried to extort you for that negative feedback... |
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I can earn 0.03-0.1 per week, from sign camp(secondatrade) , gambling and trading.
If im not lucky in gambling or trading, i can just earn 0.05 from sign camp
I would just focus on one thing, rather then multiple things that you mentioned. And the safest route and most common would be posting away, but thats if you have time. So if you can outsource that then it feels like youre more in power of your time. |
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