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Early investors in Apple made money from other investors following them - must be a ponzi scheme
The Queen of England makes money from the rest of the country using her money and buying more of it with other currencies - must be a ponzi scheme
I started my business with a little bit of money and now make a decent living from it - must be a ponzi scheme
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It would have the exact same effect as if any other "whale" were to start buying up/hoarding bitcoin, as many do already. It would drive up the price.
With that being said, IMO it is very unlikely that banks are going to do anything like this as bitcoin today is still very speculative (see the price changes over the past week) and unstable investment/currency.
But investment banks love speculative markets right? |
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This is absolutely the best news we can get. The only way for adoption to grow, would be for merchants, who accepted BTC as payment method, to offer incentives and discounts like this. As a merchant, you cannot simply state that they accepted BTC as a payment method, and wait for adoption to grow by itself. The consumer needs to have access to a BTC ATM {Without BTC he cannot buy anything} This MUST be a easy and fast process. The payment with BTC must be easy and fast. The fees must be lower than tradisional payment methods. {Credit cards / Fiat / Debit cards} There must be something, to motivate the consumer, to switch to BTC payment. {Discounts} If only one of these things fail, the consumer will not adopt the BTCcurrency and then you would find, that the hoarders, will be spending their coins, and the price of BTC will drop, because of the over supply of bitcoins, on the exchange side. {The demand will only increase, once more new people adopt BTC and wants to buy it} Newegg has succeeded in finding a great way of doing this, and I applaud them for that.  I am not convinced. Most people are lazy. |
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With Bitcoin it seems:
Good news = price goes down
Bad news = price goes down
But I still have complete confidence that there will be another mega rally eventually
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Let's face it, while there are interesting and creative solutions, the simplest option is for gas/petrol stations to get internet |
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Are you telling me no one here is a web developer?  |
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We need a new web developer, as our last one was not up to scratch. I don't care if you're expensive (I hope this has not opened the flood gates), I don't care if you're slow (well not too slow). The one thing I care about is: QUALITYAs the need for web development is sporadic, this would best suit someone who is full-time freelance web developer, who is happy to be paid on a project basis in Bitcoin. If you have experience building gambling websites or apps, then that is great. But it is not a requirement - the main focus is on websites/ front-end work. Please email me with your portfolio, if you are interested: josh@bitnewt.com |
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Where can I read up on your back story?
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Who else is expecting Tera to show up soon?
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i am always right, bitcoin is going to nowhere but down!
Even a broken clock is right twice a day. R u sure?  9:18 Wrong 7:33? |
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I hope not. Down to 250 and staying in that range for at least half a year would be fantastic IMHO. That would weed out the gold diggers (and create an interesting stress test for miners) and make it possible to focus on the fundamentals - the technology. Bitcoins worth shouldn't be measured in the price per BTC, it goes a lot deeper than that, but for that to really show a lot of developing is still needed.
It would also give me more time to accumulate cheap coins |
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Without sounding too harsh, in all honesty if you want to be the number one website you really need to up the game. Your website needs to look professional so people can trust your tutorials.
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I will do the exact samething for 79 BTC  |
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So basically the only news coverage you provide is paid for? Very ethical...
You need to differentiate between 'news' and 'sponsored stories' - check out Cryptocoinsnews, for an example
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I wouldn't touch these exchanges even with a ten foot pole. Too many manipulation can occur in these.
Agreed completely. What is concerning is that it is very easy to implement a proof of reserves feature; why aren't all exchanges doing this? |
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I can't find any pictures of the car
Car.I was expecting something beginning with a 'b' and ending with an 'i'  |
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No offence, but that is more of a guess than a theory
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Earning Bitcoin is the same as any other currency. There are several options:
1) Work for Bitcoin
2) Start your own business
3) Investing and trading well
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I, too, wish that Coinbase would figure out better planning in order that they do NOT run out of coins...
If the price is falling fast, it would be stupid for them to buy lots of BTC beforehand just to be able to sell to people with no delay over the next few days. The loss could easily wipe out all that they make from fees, and more. Better leave the clients waiting. I believe that is Coinbase's current business decision, in order to NOT be over exposed to downside volatility - however, it may be possible for CB to figure out ways to automatically buy the needed coins on the exchange, at the same time that the customer buys the coin, in circumstances in which they run out of coins. I don't know the exact solution, but I do agree with you that their business decision is to not over expose themselves to downward BTC price volatility. The problem I'm having with Coinbase is now they want to control volatility on both sides of the equation: during sharp downturns and sharp upturns. So this means that they will quickly and mysteriously "run out of coins" during the next bubble as well, which will neuter how high it can go by excluding their customers' influence on the market. This is not allowing the free market play out appropriately, it is trying to control the market, and that is what worries me about Coinbase. It won't do much. Demand will still be there when they have available coins. If anything, people tend to want things they cannot have even more. They will never control the market, but they may be able to slow down the rate of change, although they cannot change the end price. |
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