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1  Economy / Economics / Re: Bitcoin or gold? on: November 23, 2015, 05:11:59 PM
I would never go 100% with 1 invesment. but If i had 10K to invest it would definitly be 70% into bitcoin. Buy them and then look back in a few years.

It is better to put majority of your money into bitcoin. It has more potential than gold. It is a currency as well as an investment. Gold is just an investment. You cannot use gold easily.
2  Economy / Speculation / Re: Back to $ 400 soon? on: November 23, 2015, 05:09:59 PM
seems to be a long time we go back to $400 and it looks like we will continue to be stable at the price of $320 until the end of the month.

The price is quite stable for the last two weeks. This could be the quiet before the storm. There is no big news to drive the price either way.
3  Other / Off-topic / Re: Do you actively spend your bitcoins? on: November 22, 2015, 07:10:57 PM
I just spend a few bitcoins buy electrical goods online. The process is quite fast. I just wish the retailers do not cash in my bitcoins instantly. I would like them to keep the bitcoins, if they want to pay their employee with the bitcoin, it is even better. I also want them to pay their suppliers with bitcoin.
4  Economy / Economics / Re: My 21BTC Dream on: November 22, 2015, 07:01:37 PM
Good luck!
I can only dream to have one day 21 btc in my wallet.  Wink

If the bitcoin price does not rise in the next few years and you work hard to earn bitcoin then it is possible to have 21 bitcoins in your wallet. Otherwise, it is quite difficult.
wish you good luck.
5  Economy / Economics / Re: The Halving - Good or Bad for Bitcoin? on: November 22, 2015, 05:50:28 PM
Halving will reduce the supply of bitcoin, so it will reduce the price pressure. But in the long term, the effect of halving will be lower.

the pressure reduced will be very low, let's say that right now 50% are dumped, it mean that there will ve $540 of less pressure every day, which is 1/10000 of the marketcap, which is insignificant...


After the next halving, the block reward will be 12.5 bitcoin or 1800 per day. The reduction is 1800 per day, or $0.7 million per day or $262 million per year. That is quite a big number.
6  Economy / Economics / Re: The Halving - Good or Bad for Bitcoin? on: November 22, 2015, 03:14:10 PM
Halving will reduce the bitcoin number inflation. It also reduce the pressure to the price with fewer new coin coming to the market. The main side effect is that it will reduce the incentive to miners. However, with the rising price and more transactions, miners will continue mining.
7  Economy / Economics / Re: Is it a good long term investment to buy 1 BTC today? on: November 22, 2015, 03:07:54 PM
Not at the moment. The price is not stable enough. I would try next week as their is talk that it will drop significantly then you should buy 1BTC to test out.

It's a long term investment. It's better to buy at different times. For example:
Buy 0.1BTC today.
Buy 0.1BTC next week.
Buy 0.1BTC 2 weeks later.
Buy 0.1BTC next month.
Buy 0.1BTC 2 months later.
...
Buy a total of 1BTC in 6 months. I think that's the best investment technique.

It's better to purchase 1 Bitcoin right now at once than to buy it spreaded over several months. Now the price is still $325 you can benefit from it. Who knows what the price will be in January 2016. It could be $450-$500 which means you miss out on profits you could have made when you bought 1 Bitcoin at current price. The closer we are comming to the block halving, the higher the price will be Wink

Your method might not work if the price drop to $250. With his method, he will buy more when the price drops.
If he does not have the $320 now, and he can have $30 per week, then his method works.
There is risk to both methods.
8  Bitcoin / Bitcoin Discussion / Re: Bitcoin is gaining widespread positive attention and respect on: November 22, 2015, 03:00:23 PM
i got the impression that Bitcoin has gotten really under fire over that last nine days since the Paris attacks. i hope this will not damage Bitcoin for a long time.

Bitcoin is more transparent than cash payment. All the government should promote its use to fight terrorism. When a employer pay you the bitcoin, from that point on, all your transaction is traceable. The government will know to whom you pay with the bitcoin. If they are in doubt, they can ask you.
9  Economy / Speculation / Re: What will be the highest price BTC can see in 2015? on: November 21, 2015, 04:28:54 PM
$550. There are some bitcoin adoption news about the issue of bitcoin credit card by Coinbase. Although there are some bitcoin card previously, Coinbase is one of the largest bitcoin exchanges. It is more established. So it will help the bitcoin adoption to the general public.
10  Economy / Speculation / Re: Back to $ 400 soon? on: November 21, 2015, 04:14:47 PM
It is possible for the price to be back to $400 by the end of the year.
There are some news about the bitcoin adoption. Coinbase just issues a visa debit card. This will raise the profile of bitcoin. Several main stream media have reported that.
11  Bitcoin / Press / Re: [2015-11-20] Leave Bitcoin Alone. Abolish Cash Instead. on: November 21, 2015, 08:13:10 AM
I would suggest abolish or reduce the use of cash in the future when the infrastructure of bitcoin is well built. At present, it is difficult to get instant confirmation of bitcoin transactions.
12  Bitcoin / Press / Re: [2015-11-20] Nasdaq: The European Crackdown on Bitcoin is Misguided on: November 21, 2015, 07:59:37 AM
The European Crackdown on Bitcoin is a knee jack reaction. The amount of digital currency used in terror network is much smaller than the fiat. What the European should do is not to support Saudi Arab, as it is the largest donor to the IS. The European governments should also take out the oil business controlled by IS.
13  Bitcoin / Press / Re: [2015-11-20] State Street Names ‘Blockchain Advocate’ to CIO Role on: November 21, 2015, 07:39:08 AM
Banks will gradually adopt the block chain technology. This is reduce their cost, and make them more efficient. There is no doubt about that. The question is that will the banks take part in the bitcoin itself and build infrastructure around bitcoin.
14  Economy / Services / Re: [SR. MEMBER] Bitroll.XYZ - Pay for signature and per post - Weekly cashout on: November 20, 2015, 03:51:19 PM
What is the post calculation period start and stop date of each week?
15  Economy / Speculation / Re: Price Prediction 2015 ฿ on: November 20, 2015, 06:40:48 AM
i expect another jump in price for new year holidays
i can pop up 30-50$ in price
also it can go down

The price can rise $30-50, it is possible. But it will come down again without major bitcoin related news. The utilization of block chain related technology push the price from $250 to $500.
If the price rises due to gradual improvement of bitcoin adoption, it is good.
16  Economy / Speculation / Re: Back to $ 400 soon? on: November 20, 2015, 06:34:24 AM
I agree with both of you. December is always calm and first days of January always bring decrease - hopefully this time not big, and in the middle of January price will jump over $400, but it still is optimistic scenario imo

For general stock market, the December is a good season. The prices usually rise. That is mainly due to year end effect. Fund managers sell bad performing stock and buy good performing stock to do some window dressing. These fund managers do not care about the cost involved in the buy/selling process, they just want to show investors that they have the winning stock.
17  Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin? on: November 20, 2015, 06:30:55 AM
People saying they can quit their real life, into the world job and only work from home in front of the computer should get a reality check. Sure telecommuting is possible for some jobs but budget cuts to companies have left those employees out of work lately as thy were seen to others they use to work with as the "shadow workers".
I would say bitcoin is more like a side job that you can make a fair bit with if you are good at your craft. but can not 100% rely on it to make a steady stream of income in order to survive. Just my opinion in view of the  stage we are at now.

Yeah getting a steady stream of income is easy, but maintaining it requires a different skillset, good investing, innovating etc.

You also need some kind of security and in my perception, surviving with a bitcoin company is close to impossible.

At present, to be a pure bitcoin company and survive is very difficult. The bitcoin industry is too small. If it is in 10 years, a bitcoin service company might survive. So if you establish a company now, you need to burn a lot of cash to become an established company.
18  Economy / Services / Re: [SR. MEMBER] Bitroll.XYZ - Pay for signature and per post - Weekly cashout on: November 20, 2015, 06:28:07 AM
and later if you think that the campaign is not worth it, you can state it in the thread, close it and inform the escrow he will provide you with 100% refund(unless he charges a fee for it, which most escrows rarely do these days).

By this, do you mean the sig campaign owner can just get a refund if he deemed the campaign not worthy? What about the 10 participants that did marketing for that week?

I think .xyz will pay the campaigner first from the escrowed funds. If he stops the campaign, the escrow will refund him.

What is the post count start or end date?
19  Bitcoin / Bitcoin Discussion / Re: Apple CEO Tim Cook: “Your kids will not know what money is” on: November 18, 2015, 11:30:49 PM
What Tim Cook means is that there will be little use of physical currency in the future. We will only use digital currency in the future. Bitcoin is the best digital currency, so if it is used widely, Applepay will integrate it.

apple wont integrate anything. they are known to try to always make a new standard and let their customers feel elitist.

imho: google, paypal and wu may integrate bitcoin.... but apple? no ;-)

I think apple has absolutely no business in trying to come up with their own currency.. I don't see them becoming pro-Bitcoin given their strong centralized and closed source policy, so what I think that will happen is they will simply try to compete against Paypal using the goverment's electronic fiat.

Apple will compete against Paypal using the goverment's electronic fiat for the time being. There is no problem wit that. But Apple is in this business for the money. When bitcoin becomes THE currency, Apple will adopt that to make money.
20  Economy / Speculation / Re: Back to $ 400 soon? on: November 18, 2015, 11:21:45 PM
Bitcoin is on natural growth and it is stable on this new floor i think it will take some time for next rise maybe more like in the last of this month we will see this $400 or more than.

It is possible the price will rise again by the end of the month. We are just 11 days away. The price has been around $320 for two weeks now. Slow and organic rise is good.
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