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1281  Bitcoin / Bitcoin Discussion / Re: What company should take btc? on: February 24, 2015, 02:25:04 PM
Amazon or ebay... i can't really imagine if that will ever become a reality some day and i mean it could be really big. And since they already saved a lot on the fees instead of using credit card, people paying in bitcoin should get incentive in paying for lower price.
1282  Bitcoin / Bitcoin Discussion / Re: Singapore’s Tembusu Systems raises $887k, dissociates from Bitcoin on: February 24, 2015, 02:18:52 PM
It's typical to see one startup venture comes and then go and the  next thing you know, there's another one coming along. It's just part of what you call business. But one thing that really caught my attention is I wonder how the new asset backed blockchain will work out especially with its offline transaction ability.
1283  Bitcoin / Bitcoin Discussion / Re: All about Bitcoin JUST ASK on: February 24, 2015, 12:35:37 PM
Like the rest here, I'm interested to know how many coins you actually bought?

If you indeed bought a unit of bitcoin at 0.01 back then and sold it for 0.11, that must really suck big time
1284  Bitcoin / Bitcoin Discussion / Re: Coinbase CEO: bitcoin is far ahead! Altcoins are distractions! on: February 24, 2015, 12:23:01 PM
To certain extent, I do agree that cryptocurrency future still lies on bitcoin. Altcoins though in the past have being used as a way to introduce new technology but unfortunately it has been severely manipulated especially those created as scamcoin. In a way or another bitcoin's reputation has suffer as a result mainly because when people view crypto, the first thing they will see is bitcoin and we are getting all the blame. It's time we go back to bitcoin.
1285  Bitcoin / Bitcoin Discussion / Re: A 100 Million dollar investment in Greece. $10/btc for each citizen. Crowdsource on: February 24, 2015, 12:02:07 PM
But what if all Greeks dump their 10$ Bitcoin? But it's good thing that whole country will know about Bitcoin.

I was about to say the same. If you give it free, nobody is going to appreciate and will end up dumping in the open market for whatever currency which they think still holds some value. They are not going to appreciate it much less understand the meaning of holding bitcoin...Not unless you make them earn for it.
1286  Economy / Service Discussion / Re: wordpress removes bitcoin payment option on: February 24, 2015, 11:55:00 AM
The first thing that came to my mind when they decided to drop bitcoin option is because of the low volume of payment made in that currency. Since bitpay handles all the payment processing to convert back to fiat, I don't think that exposed them (wordpress) to any risk in terms of security. I just hope they will consider making it available once again. 
1287  Bitcoin / Bitcoin Discussion / Re: Moolah CEO Has Been Arrested! on: February 24, 2015, 11:41:40 AM
I had to verify with other news sources to confirm that it is true. And yeah, a lot of people would finally have to chance to be able to get the answers they are waiting for. I think hardest hit would be the dogecoin community.
1288  Bitcoin / Bitcoin Discussion / Re: Bitcoin is too complex for the average person on: February 24, 2015, 11:34:22 AM
No, to clarify the statement... it's too complex if you are illiterate or are totally lost when it comes to computing or technology. I presume it won't be harder than using an ATM machine to withdraw money. In fact, when the first ATM paper money machine came out, everybody also has that kind of reserved feeling about how to go about using it and  instead prefer to withdraw money from over the bank counter. All the terms and jargon shouldn't be too complicated, once you got hold of the basic understanding.
1289  Other / Off-topic / Re: A huge solar blast occured 2 days ago on: February 24, 2015, 11:23:58 AM
I presume you expect the price to go up because of chaos? Something like a a doomsday prediction and the effect on bitcoin price. Anyway, there was a similar topic created few month ago. Search for doomsday.
Anyway, just out of curiosity if this does happen, my first priority would be to stock up food, clothing, materials to build shelter and stuff.
1290  Economy / Speculation / Re: The proof of the Huge dump on: February 24, 2015, 11:19:18 AM
You call that proof to support your theory of a huge dump coming along?

The fact is, if the hacked coins are sold back to a bitcoin collector albeit with much lower price and the coins never made it to the open market/exchanger, that will not affect the price of bitcoin.

Anyway, if say proof, I expect it to be something like a huge sell order being placed or some kind of leaked information from a top tier investor.
1291  Bitcoin / Bitcoin Discussion / Re: What Does This Mean For Bitcoin? on: February 24, 2015, 11:12:11 AM
At least it shows people value bitcoin as much as fiat and they are willing to risk their lives for the sake of bitcoin. If it has no value or worth, people won't take that kind of risk. Apart of all these, there's nothing to show it has anything to do with moving towards mainstream adoption.
1292  Other / Beginners & Help / Re: Credit card and Bitcoin payment gateway on: February 22, 2015, 02:19:35 PM
Never come across or heard service like that before, but definitely you can do it manually, that is buying the coins after you got the fiat money.
1293  Economy / Speculation / Re: BTC or Gold/Silver on: February 22, 2015, 02:12:17 PM
I would place my bet on both which will slightly lean towards bitcoin. If I would spread my investment portfolio, it would be bitcoin 30 pct, 20 for rare metals and the rest on others.
1294  Economy / Speculation / Re: How does bitcoin price work? on: February 22, 2015, 02:08:18 PM
I'm not going to go deeper into what's the meaning of bid and ask but essentially if let's say a group of people thinks that due to fear doubt and uncertainty about the future and expect price to go down, people will clamor to sell at every opportunity. As there are now more bitcoin in the market than there the buyer willing to pay for a certain price, sellers will start to undercut each other and lower the price they are willing to let go of their coin.
1295  Bitcoin / Bitcoin Discussion / Re: CNN adds Bitcoin ticker on: February 22, 2015, 01:17:49 PM

Interesting article but still don't understand why they couldn't just call it BTC like everyone else.

GOLD shouldn't that be GLD and not XAU
SILVER shouldn't that be SLV and not XAG

What drugs are these people in the office in Zuirch smoking?

Cheesy  

You should find this quote from any article

"Currently, BTC is the leading candidate as it is in common use globally. However, ISO 4217 standards expect a leading letter “X” for global commodities like gold (XAU) and emergent supranational currencies like the precursor to the Euro (XEU). To this effect, some leading foreign exchange tools and services have already adopted the leading code “XBT” such as Xe.com, Oanda and Bloomberg."

1296  Bitcoin / Bitcoin Discussion / Re: Dell accepting bitcoin does it make …… on: February 22, 2015, 01:09:00 PM
Should be good as more acceptance means more people are getting exposed to bitcoin. In terms of price movements not sure how much difference it will make but I expect in the long run it's going to be bullish.
1297  Other / Beginners & Help / Re: Bitcoin Wallet To Bank Account Fee on: February 22, 2015, 01:04:07 PM
Can't run away from the fees but anyway if compare between both it will still work out to be roughly the same. Another option is to use localbitcoin provided you can find buyers which are willing to take in large orders.
1298  Other / Off-topic / Re: Lenovo Group has been pre-installing tracking software on their PCs on: February 22, 2015, 12:58:22 PM
First thing that ran across my mind is the lawsuit. Imagine the level of privacy breach taking place over here.
1299  Economy / Economics / Re: Help me understand... on: February 22, 2015, 09:50:02 AM
The growth potential is there. There's no denying. In fact we can see more businesses starting to adopt bitcoin. But however, with the price fluctuating drastically this basically hinder more businesses to adopt the coins until it has become stable. Still a long way to go but yeah, we are heading in the right direction.
1300  Bitcoin / Mining speculation / Re: Is this still a profitable investment as of today (2/22/15) on: February 22, 2015, 09:37:34 AM
Unless you have a super efficient miner with low electricity cost, it would be more logical to just buy the coins directly.
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