Bitcoin Forum
May 09, 2024, 10:02:34 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 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] 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 ... 185 »
2301  Bitcoin / Bitcoin Discussion / Re: Did anyone buy during $1200? on: December 15, 2015, 04:24:45 AM
...

No, but I did buy my first BTC when the price was in the $700s, headed lower.   I have been a steady buyer since.  If I had to add it all up, my best guess is that break-even for me is the $450 - $500 range.

If we get moves upwards to $1200 again, I will continue to buy.  Breaking past its ATH would be a GREAT sign that BTC will do very well given time.
2302  Bitcoin / Bitcoin Discussion / $450 - $500 means many of us are now even or ahead on: December 15, 2015, 04:21:41 AM
...

I first started learning about and buying BTC when it was in the $700s, heading lower.  I am lucky I did not buy at the spike.

But, I have been "BTFD" for a while now, via localbitcoins, "mail order", Trucoin and other ways.  I have bought enough so that I am probably very close to breaking even or possibly in the green!  I would have to do the onerous work and check my figures, but $450 - $500 is probably about my break-even.

I have spent some (on gold), so that will likely complicate my calculations.  Perhaps I could value my BTC on a "FIFO" basis Huh  Accountants' comments are welcome.

*   *   *

How about some of you? 

Did some of you BTFD on the way down (or at least at lower prices than when you started or lower than now)?
2303  Economy / Economics / Re: Asia could lose their passports for unpaid taxes on: December 15, 2015, 03:28:44 AM
...

The USA is proposing a similar scheme: if you owe the IRS over $50,000, they can take away your passport.  No passport..., it is VERY hard to get overseas.

Moral of the Story: Pay your taxes and just debts.
2304  Economy / Economics / Re: CNN: Money is flying out of China on: December 15, 2015, 03:25:32 AM
This is normal. When you begin to have quite a lot of money, you start to think about how to diversify to protect your wealth. It's only logical, the same thing goes in any country, but it's quite new in China, since recently, it was very difficult to move any money out of China. It has become easier but obviously, the government doesn't like it, and it wants to make it difficult again.


That would be my take as well.  Were I a rich Chinese guy, I certainly would look for an alternative place/investment outside of China's .gov control...  And Bitcoin would likely be the easiest way of getting capital out.

What would be interesting to know is how much of the newly-mined BTC by the various big-time BTC miners is going too...

*   *   *

Any Chinese investors interested in a high-end oceanfront condo, I would welcome a PM.  Payment (in part) in BTC OK.  Gold or cash too.
2305  Bitcoin / Bitcoin Discussion / Re: Why arnt we seeing more bitcoin ATM popping up? on: December 15, 2015, 03:06:03 AM
Base on my personal experience, it's a lot easier to buy bitcoins in person from someone than to use an ATM machines an go through the long process before having your bitcoin...

In many cases the process of buying bitcoins is simple as scan code, feed cash, click send = 15 seconds. No registration or verification.
Almost all lamassu machines (~30% of all bitcoin ATMs) work like this.


The Lamassu machine in my city requires a scan of the state Driver's License.  "Debbie Downer"

It also does not work right all the time, the owners are always having to fiddle with it (reboot, etc.).  That MIGHT be a network or WiFi issue, I cannot say.

I bought some BTC at a BTM in NYC once.  No ID!  I put in almost ALL the FIAT$ I had in my wallet.  Then went to a regular ATM to replenish my cash.
2306  Bitcoin / Bitcoin Discussion / Re: Why arnt we seeing more bitcoin ATM popping up? on: December 14, 2015, 03:42:28 PM
...

The metropolitan population of my city is almost 3,000,000 yet there is only one BTC ATM (BTM) that I know of.

They charge 9% premium over "spot".  The machine (or maybe the wifi network it is hooked into) does not always work.

That 9% premium *seems* like it would be attractive.  I should reach out to the owners and find out just how good an investment this is, and if good enough..., join them!
2307  Bitcoin / Bitcoin Discussion / Re: Argentina’s New President Might Just be a Bitcoin Supporter on: December 14, 2015, 03:36:22 PM
...

mtnsaa

I have heard that Argentina has a rather lively BTC market among the technologically minded.  I know two people who go there fairly regularly and bring BTC to sell (for a substantial premium due to Argentine capital controls).

Their new president could do a number of things to help his country.  Loosening up silly regulations and controls would help.  And a friend of Bitcoin would help not only him, but all of us here...

He has a big job ahead, Kirchner really messed up the country.

2308  Bitcoin / Bitcoin Discussion / Re: Classifying the waves of bitcoin adoption by demographics on: December 14, 2015, 02:40:41 AM
point 5 Winklevoss trust. buying baskets in allotments of 2000 coins a time,
definetly will be a price riser

point 6.
... um no just no..
they will make their own coin

Bitcoin is the only crypto-assets with gold-like features. They will undoubtly accumulate it as reserves.

In fact it's more likely they eventually use these reserves to spawn their own fiat-crypto.

Enters the Bitcoin standard.


I have to agree w/ franky1 here.  Why would foreign central banks hold BTC as a RESERVE asset, that would somewhat be counter to their claims of acting to stabilize their currencies (while lying about it).

If foreign central banks need an alternative to other currencies, it is ready now: gold!

And, any central bank can just prepare to "Ctrl P" (print money)...
2309  Economy / Economics / Re: Economic Totalitarianism on: December 14, 2015, 01:37:44 AM
One thing about the EU, they never let a crisis go to waste. This next move is a problem for
several countries, but especially for the UK and Ireland. Those islands could lose control of
their surrounding seas, and that leaves question marks over oil and gas resources.

http://www.zerohedge.com/news/2015-12-10/ft-shocker-eu-unveils-standing-border-force-will-act-even-if-government-objects
"However now in the aftermath of the Paris suicide bombings and the indefinite emergency
"pre-crime" laws instituted in France, conventional wisdom in Brussels is that Europeans' eagerness
to trade sovereignty (and thus liberty) in exchange for (border) security, is far greater."
"One of the most contentious elements of the regulation would hand the commission the power to
authorise a deployment to a frontier, on the recommendation of the management board of the newly
formed European Border and Coast Guard. This would also apply to non-EU members of Schengen,
such as Norway."
"If the plan is approved by EU states, Frontex's replacement will have a slew of new powers,
including the ability to hire and control its own border guards and buy its own equipment.
It will also be allowed to operate in non-EU countries - such as Serbia and Macedonia, which have
become transit countries for people trying to reach northern Europe "if requested."
"All have been spot on, but not even this aggressive and accurate forecast predicted that Europe
would be so bold as to effectively take over border and population control sovereignty across the
entire continent. It is about to do just that."

Given that control appears to be in the hands of "when things get serious you have to lie", forgive
me if this seems somewhat less than a well thought out plan, and for wondering how long will it
take before it is revealed who really is pulling the strings on these puppets?


Yow, it's getting hard to keep up with all the changes our lousy governments are foisting upon us.  The whole EU experiment does NOT look like it is making Europeans (people) happy.

And when these changes are fuzzy border police ones, yikes!

It is convenient for American tourists of course, just change dollars to euros...
2310  Economy / Economics / Re: Do your Christmas shopping at businesses that dont convert bitcoin to fiat on: December 13, 2015, 05:53:33 PM
There needs to be more encouragement for shops to keep bitcoin.  There are a few businesses that keep their BTC as BTC and we should be encouraging that.  Not using companies that are just using the bitcoin for buzz and cashing in on all of us bitcoin consumers.  

There should be a list online of all the businesses that dont convert their bitcoins into fiat. Then we could as consumers make that choice.


My best guess is that just using BTC as often as possible is good enough, and that the universe of companies NOT changing them into FIAT$ is probably pretty small.

I have only bought (consistently) from providentmetals.com, who offer gold for BTC, but they change it to FIAT$ right away.

I agree with above comments that (especially small) businesses have expenses to deal with, and so often need almost every single dollar just to keep rolling.

I don't really care if a business converts to FIAT$ or not.  If they take Bitcoin, that is good enough for me.



This is the wrong attitude to have.  If everyone gave their btc to business which promise not to convert to fiat, its those business owners who will then seek out a supplier which takes BTC and promises not to convert to fiat and the cycle continues and you develop a parallel economy without the need to ever convert to fiat.

If we want to develop this btc economy the way we want it we have to be scrupulous as consumers.


With respect and courtesy, I disagree.

For many businesses it is HARD to segregate any capital into something other than currency.  Our business (import of auto parts into Peru), we almost always need every dollar that comes in.  If someone else's business is strong enough to put some FIAT$ aside for HODLing BTC, well more power to them.

Myself, well..., I keep my own "stack" of BTC.  Not converted.  Not until BTC is into at least the high four figures...   Smiley
2311  Economy / Web Wallets / Re: Most used online wallet is blockchain.info? on: December 13, 2015, 05:35:03 PM
Quote from: OROBTC
link=topic=1284970.msg13236825#msg13236825 date=1450027127



I would agree that blockchain.info's online wallet is No. 1 in use.

I have two of them, but keep only small amounts there, or use them as "transit points" for sending my funds to my hardware wallets (Trezor and Ledger Nano).  I have had and issue or two along the way with blockchain.info, but I did get my BTC back when there problems.

I also use blockchain.info's SharedCoin mixing service, but I actually DO prefer bitmixer.io.  bitmixer just seems to work better for me.

Hi. What is shared coin mixing?



Without taking some care here, I will be wandering into the high weeds here, perhaps beyond my real knowledge...  Smiley

"SharedCoin" is a mixing service (owned by blockchain.info, see link at bottom of my comment) that uses "CoinJoin" technology to put your BTC in with other participants, and thereby making it harder for anyone else to track how you spend or send your BTC.  In other words, more privacy.

bitmixer.io uses an apparently completely different process to mix their coins.  bitmixer.io just seems to work better for me.  I use the service, I like it, so I asked to join their Signature Campaign.

*   *   *

To answer your question in detail is beyond my capabilities, but you can find answers at this link:

http://sharedcoin.com/
2312  Economy / Economics / Re: Do your Christmas shopping at businesses that dont convert bitcoin to fiat on: December 13, 2015, 05:27:51 PM
There needs to be more encouragement for shops to keep bitcoin.  There are a few businesses that keep their BTC as BTC and we should be encouraging that.  Not using companies that are just using the bitcoin for buzz and cashing in on all of us bitcoin consumers. 

There should be a list online of all the businesses that dont convert their bitcoins into fiat. Then we could as consumers make that choice.


My best guess is that just using BTC as often as possible is good enough, and that the universe of companies NOT changing them into FIAT$ is probably pretty small.

I have only bought (consistently) from providentmetals.com, who offer gold for BTC, but they change it to FIAT$ right away.

I agree with above comments that (especially small) businesses have expenses to deal with, and so often need almost every single dollar just to keep rolling.

I don't really care if a business converts to FIAT$ or not.  If they take Bitcoin, that is good enough for me.
2313  Economy / Web Wallets / Re: Most used online wallet is blockchain.info? on: December 13, 2015, 05:18:47 PM
...

I would agree that blockchain.info's online wallet is No. 1 in use.

I have two of them, but keep only small amounts there, or use them as "transit points" for sending my funds to my hardware wallets (Trezor and Ledger Nano).  I have had and issue or two along the way with blockchain.info, but I did get my BTC back when there problems.

I also use blockchain.info's SharedCoin mixing service, but I actually DO prefer bitmixer.io.  bitmixer just seems to work better for me.
2314  Economy / Economics / Re: Martin Armstrong Discussion on: December 13, 2015, 04:47:31 PM
...

Armstrong, while he is not a fan of Trump, understands US fury with our terrible .gov.  He also understands what is happening in France too:

"Marion Marechal-Le Pen – the Better Looking Donald Trump of France"

http://www.armstrongeconomics.com/archives/40454

She is the niece of Marine LePen.  Marion is a pretty young (25) lady, and apparently very smart.  Oh, and now in the French Parliament.

*    *    *

While not stated at Armstrong's posts re Trump and Marion Marechal-LePen, when countries get into trouble (or when the Fourth Turning hits), a very typical response is for a "Man on Horseback" to come in to lead, a tough guy (or gal) to take the reigns...  Examples:

- George Washington
- Napoleon
- Ronald Reagan (younger readers likely do not have any recollection of the last part of Jimmy Carter, ugh)
- Hitler
- Trump?

When people get fed-up, then things get interesting and/or dangerous...
2315  Bitcoin / Bitcoin Discussion / Re: Why the Future of Bitcoin Lies in Europe on: December 13, 2015, 04:31:21 PM
...

Europe (apology for over-generalizing) is kind of contradictory when it comes to privacy, financial matters, and even BTC.

I just read that FRANCE will NOT ban things like TOR and free WiFi, and will consider these technologies as part basic liberties.  Yet they have very high taxes, and apparently tough tax police.

Other countries too make noises about personal privacy (attack the USA's NSA for their odious monitoring of almost everything), especially Germany -- a frequent target of the NSA.

America, the purported land of the free, has contradictory notions too re BTC, and 50 different states to regulate it (not even mentioning regulations at the federal level).

My point here?  Hey, it could be that Europe may indeed be the future of Bitcoin.  Who knows?
2316  Economy / Economics / Re: US Debt Has Exploded on: December 13, 2015, 04:11:32 PM
Buy bitcoin and gold.
They are the best vaults to survive the fallout.
People that did not buy bitcoin or gold will turn into ghouls!
well actually gold is better I think although bitcoin can be considered gold, gold represents for the value of currency as well as has physical value so buying gold should be better than bitcoin I think


Buy both.  

We have seen that BTC price and gold price, especially lately, do not move in tandem, therefore are both excellent candidates for diversification (my middle name).

Unless one is very wealthy or knows a lot more than I do about computer science (BTC, cryptography, programming, etc.), having 1% to, say, 3% of your net in BTC seems about right.  BTC is very volatile...

But, should BTC jump to well over $1000, then any 1% that you invest there will more than double.  If BTC goes for the moon (over $5000 price), then that little speculation will become very meaningful.

*   *   *

Holding gold (5% - 20%, again depending on circumstances and comfort level) is good too.

Gold may save your financial butt in some SHTF hurricane scenarios too...
2317  Economy / Economics / Re: Economic Devastation on: December 13, 2015, 03:54:33 PM
...

Go get 'em, TPTB.

While my own sentiments were nicely mirrored there at your thread by YarkoL (funny!), I think that you (or anyone) who is way out there on the frontiers of exploring the limits of cryptography and programming is to be highly commended (though I will commend you from CoinCube's thread here and not clutter up your new one).


EDIT: I'm glad to have caught the beginning of one of your threads, and so do not have to go back into the past and try to catch up on something I only dimly understand.
2318  Economy / Service Announcements / Re: Columbia Basin Mining - Land offer for Bitcoin Mining on: December 12, 2015, 03:55:22 PM
...

Why could you not structure the land purchase so that CBM gets their 8 acres and the balance of the land go to another party that the Seller also knows?  Based on the above, it sounds like that the Seller of the land could find a Buyer who would continue to farm the land.

I agree with notlist3d (or perhaps I am extending his idea) that the mining and farmland should be separate entities.

I suspect there are many here who would like to take a look at your mining opportunity.  If you make it a "clean" business offer, that would likely interest more investors.

* Transparency matters. *
2319  Other / Off-topic / Re: If You Won A Million Dollars.. How Much Bitcoin Would You Buy? on: December 12, 2015, 03:33:22 PM
...

- Pay my taxes on that $1,000,000 income: estimate: $390,000   Sad

- Pay off debts and future liability: $100,000

- Buy 300 BTC: call it $125,000.  Then see if I could convince bitmixer.io to let me invest 200 BTC with them...  HODL the rest.

I could find a way to spend & invest the balance $375,000...
2320  Economy / Economics / Re: Bitcoin in India? Not for a LOOOOONG time. on: December 12, 2015, 04:11:44 AM
There sure do seem to be what look like warring factions in India re Bitcoin.  Some of what I saw (first-time visitor, and as a tourist) made me think that they might have a shot at superpower-dome...

But, cracking down on future-oriented technologies is not wise.

And, yes, I know that India has always been very bad re bureaucracies.  That will hurt them.  Slow them down.

Warring factions in India?
What exactly are you referring to in relation to Bitcoin?


Potential users of Bitcoin vs. government (particularly tax authorities there).  Tech vs. Indian .gov.  Lots of factions in India with differing agendas...

bryant.coleman knows more about India & tech than I do.  But, their .gov cracking down on BTC, exchanges, and just their CAPITAL CONTROLS will slow India down.

Can you buy anything in/from India yet with BTC?  You can buy gold with BTC here in the USA...
Pages: « 1 ... 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] 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 ... 185 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!