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I like the concept, but the only thing is, Bitcoin could possibly be the worst long term investment, or the best possibly long term investment. It's almost like a 50/50 type of deal. Using fiat is a much safer form of payment because if Bitcoin were to bust, your retirement fund is wiped. The only benefit is the simplicity of it though. Retirements are always tricky, holding Bitcoin that collects progressively would be so much easier than traditional methods.
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Christ I was laughing hard as hell when I saw this. Japanese pornography contains the weirdest and repulsive content I've heard of. I wouldn't blame men for staying away though, sex for 2 hours a day?  |
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Absolutely. The chance for chargeback is always there. You need to access the risk associated with a higher tier trade when it comes to Local Bitcoins. If you are trading hundreds of dollars worth of Bitcoin, only trade with a reputable seller who has been around for an extended period of time. Keep in mind, you can charge back the payment LONG after the transaction is done. So for example, the sellers you talked about in the OP, if they were to take an "exit", they could charge back EVERY outgoing payment for the past months. If you're doing hundreds of dollars worth of trades, then you need to consider this. My recommendation is stay away. Think of it like this, only trade what you can afford to lose.
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Once you have gotten traced to one Bitcoin address, it's very clear to tell where that money has gone. Bitcoin merely slows down the processing of getting traced. If your identity, or "alias" rather, gets linked to one single address, it then becomes a matter of taking that alias and linking it to a real person. The address you used to launder money then is your identity. Law enforcement is VERY good at catching money laundering, even with Bitcoin.
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Why would it take over Bitcoin when it's centralized? Here it's back by physical gold when Bitcoin is backed up by miners. The fact they compare it to Bitcoin is actually pretty funny. It's just another pointless altcoin that puts a new spin to build hype and hopefully pull in users. Probably the only benefit is its definite value.
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Even making that much, it's definitely not enough to warrant the risk. You are only getting 10 percent back in the numbers you used which is an understandable ROI, but still, way too risky.
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cant buying an ebay account be very risky? especially the one with bigger history of sellings? cant people be scammed from that account and the buyer wouldnt even know about that?
Ebay is VERY lenient when it comes to fraud and scams. It's paypal after all. Buyer wins almost every chargeback that's false, no doubt they'll win one that's legitimate. Plus, it won't take too many scams till Ebay shuts down the account forever. |
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Atheists don't truly hate religion itself, I believe it's the people behind it. We all meet those crazy christians, or islamic extremists that take religion to another level. They make it revolve around their entire life and let it influence what they do on a daily basis. You can chose what you want to believe, but as far as hatred goes, I don't blame Atheists for hating religion because of the people behind it.
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Very interesting, I have questions though. Currently, it doesn't seem like Bitcoin is running at overcapacity, so what makes you think it'll ever go to that point? I feel like the growth of Bitcoin is at a steady increase, yes, but not exponential to the point we aren't going to get confirmations and we create a memory backlog. I get it's possibly, more on the unlikely side in my opinion. Hypothetically speaking, if we were to get to a point of backlogs and confirmations taking forever to where we have a "bidding war" just to get our transactions confirmed, we can kiss BTC goodbye and move on to the next revolutionary technology in the realm of the internet.
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Going to put my opinion in as well. The site looks extremely sketchy and I can guarantee you it's a complete scam. No legitimate exchange would have such a poor system and open ended system in buying Bitcoin. Site layout and design is awful...looks like something that was designed to be in use for a few months while it lasts. Doesn't happen to be related to this does it? https://bitcointalk.org/index.php?topic=213918.0 |
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Don't convert to fiat. Really bad idea. Bitcoin's price is shit right now, if you are talking about a lot of BTC as indicated in your OP, the slightest difference can mean huge increases of profit if you were to hold. Transfer them to a secure wallet like the ones mentioned above and stay safe.
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The idea of stiff economic control, in my opinion, is strictly to keep inflation down and prevent another economic crash. I would never call it "totalitarianism" because the fact is, we are pretty much free to do what we want with our money, invest it as we please, spend it as we please (for the most part) wherever we'd like. It's not something I am against as well. For the "greater good", if you will.
The Gyfts business (you launched?) is great example of the Knowledge Age. Why are you convinced that a slide into financial repression totalitarianism isn't lurking? I actually agree with some of your statements, but from a different Big Picture conceptualization. Yes we are free to avoid ZIRP (and NIRP) by avoiding passive investing and seek out the Knowledge Age investments such as your innovative Gyfts concept (did it prosper or fail?). That has been precisely my point that the NWO morass is destroying itself, and we are free to sidestep it. But my argument is that eventually we will need anonymity to continue to sidestep, because NWO paradigm is failure directed[1] and thus needs to parasite on the productive sector to the degree it will destroy the productive sector. Edit: Perhaps I was mistaken about Gyfts. I thought I had seen a business that was offering to let people buy things on Amazon with Bitcoin. [1] Sorry it won't prevent economic collapse. Inflation is not the threat. Rather it is massive deflation that threatens due to the $200+ trillion in global debt much of which is insolvent. Well to be honest I was just thinking about fiat currencies. What totally went over my head was the control and regulation of Bitcoin. The IRS and US government entities are having a heart attack over Bitcoin and trying to regulate the hell out of it. Didn't even cross my mind, despite being on "Bitcointalk"  I do agree with you there is stiff economic control in that aspect. |
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The idea of stiff economic control, in my opinion, is strictly to keep inflation down and prevent another economic crash. I would never call it "totalitarianism" because the fact is, we are pretty much free to do what we want with our money, invest it as we please, spend it as we please (for the most part) wherever we'd like. It's not something I am against as well. For the "greater good", if you will.
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did bitcoin prices influence the price bitcointalk account?
i only ever read from an old thread and compare the current price, and differences price is quite striking
Possibly. When the price of Bitcoin is dirty cheap like it was 2 months ago, users were on that grind to rack up as much BTC as they could so they could store for profits. Was annoying as hell. |
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It's interesting you compare money to a supply and demand situation. The demand for money and the supply for money is both infinite. Money is like a scalar quantity. It's always constant. It's used by us humans to put a value on a product or service. It's the root of any economy. For a supply and demand to exist, you need to have money to drive it. I agree that it's an imaginary concept, but it's something that we are so dependent on because it puts a crystallized value on something.
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Not to intrude on your service, but on the receipt, does it say the coupon? Or does it show the reduction in price after the application of the coupon? A popular scam with Pizza services that's been going around was with stolen credit cards and online orders. When the buyer gets their pizza at the door, they sign the recipient of a carded pizza with their signature. This is the case for Dominos and PapaJohns at least. As a word of advice, you may want address some of these concerns in the OP for potential buyers. Good luck.
Please tell me if I misunderstood your post and you are selling strictly gift cards that are at this reduced price, I'll delete this post.
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I knew things were bad in terms of student loans in the US, but I had no idea the kind of debt medical practitioners had.
It's an investment. Going into medicine or the medical field can be hugely expensive, but that occupation is also paid ridiculously well. Honestly, in my opinion, they are overpaid. You could further argue that most occupations to pursue and get degrees in are expensive, but as I said, they compensate you well in the long run. That's the problem in the US, high costs for college and upper tier education gives no motivation for people to take that huge investment risk. |
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The fact that investors put it in is an indication of this being strictly a business move rather than trying to get social integration of the concept of Bitcoin with the general public. It definitely puts the spotlight on Bitcoin though.
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Maybe cashout. I don't think I want to go through another crash like it was last year. Too much to lose.
It would only intelligent enough to cash out only if you are 100% certain that you are holding on a bubble thats about to burst. Next time that we hit 1k, we'll know a fact: Bitcoin can recover from a mega crash and hit ATH twice. Once you sell, there will be most likely a small correction back to 700's territory, then continue towards unseen higher prices. It's a big risk to abandon ship at the next 1K peak. Good point actually, but I'm thinking after that. If it were to crash again, all you would see is people bitching about how their investment portfolio has fallen apart. On a totally the other end of the spectrum, you would see people buying Bitcoin in bulk in hopes it bounces back The Bitcoin community in my honest opinion can be quite fragile at times. When the price went below 200 people were freaking out. People don't seem to be so into the whole "bitcoin scene" when the price isn't up. I can only imagine what it would look like after another crash. |
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Maybe cashout. I don't think I want to go through another crash like it was last year. Too much to lose.
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