261
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Economy / Service Discussion / Re: Where is my payment?
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on: September 16, 2015, 01:08:00 AM
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I believe cloudmining should bear the responsibilty to resend you another transaction if the earlier one gets rejected by the network. It's not a problem at your end as long as you haven't receive it.
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263
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Bitcoin / Bitcoin Discussion / Re: In the blocksize debate one thing is really beeing overlooked: security=cost
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on: September 16, 2015, 12:54:34 AM
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The folks steering the ship really need to start looking beyond their own little techno bubble and think about how things look to the billions of potential users out there.
This something that I really agree. We always expect when there is no more block reward, price of bitcoin will rise accordingly so that the fees are enough to cover. But what if it doesn't because there is no demand and bitcoin is still used as a hoarding tool and pay for tips and cups of coffee. Obviously i didnt put it well into words but OP definitely did a good job to elaborate in details.
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264
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Bitcoin / Bitcoin Discussion / Re: Bitcoin: currency or investment?
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on: September 15, 2015, 02:27:24 PM
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As of now use of the word investment is more relevant compared to currency. I don't see a reason why for a person needs to exchange to bitcoin on some legit items when the person can just pay in fiat. All those people holding to it are basically waiting for the price to go up. And the word moon says it all
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265
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Economy / Trading Discussion / Re: Arbitrage Possible with bitcoins?
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on: September 15, 2015, 02:08:35 PM
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I remember having seen before a thread about arbitraging using custom made scripts and it involves holding different altcoins in several exchangers. Basically the bot will perform tx on your behalf but it also means holdjng sizable amount of funds to even generate a decent return.
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267
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Economy / Economics / Re: PayPal Pulls Out of Puerto Rico; Huge Opening for Bitcoin
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on: September 15, 2015, 12:56:32 PM
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To say the least bitcoin is also vulnerable to fluctations. You can't expect people to exchange to bitcoin when economy is bad because it is also exposed to all these risks. Imagine people who bought at 280 and putting whatever they have and now at 230, you can imagine how much they have lost. Bitcoin as a hedge and safe haven? Not at this point.
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268
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Bitcoin / Bitcoin Discussion / Re: Do you think the use of Bitcoin is kind of complicate?
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on: September 15, 2015, 12:47:04 PM
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It is more towards the exchangers part but not on the usability. If you have atm which you can just put in the money and you get your bitcoin this is far better than going to exchanger, register an account, give all your info, scanned passport, that would turn people off as it is too complicated
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269
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Economy / Speculation / Re: If €/$ goes to parity... better be long €/BTC?
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on: September 14, 2015, 01:29:08 PM
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Sometimes it is better to ride the wave than to go against. Some people prefer to place buy order at low levels and cash in on any quick recovery due to strong fundamentals of the currency. While others prefer to just sell and follow the trend
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272
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Bitcoin / Bitcoin Discussion / Re: Why not invest instead of cloudmining??
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on: September 14, 2015, 12:29:05 PM
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I would rather pay extra and confirmed getting the amount of btc that i paid for rather than throwing away blindly to cloudmining. You don't pay money to people to run your business and in the end, give you back all the profit.
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273
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Bitcoin / Bitcoin Discussion / Re: Quote of the Century
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on: September 14, 2015, 12:25:51 PM
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Current direction it is heading towards, i can imagine it would fail big time. When it was supposed to be the greatest invention ever made becomes an epic flop.
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275
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Economy / Trading Discussion / Re: Can anyone tell me the price of my account.....??
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on: September 14, 2015, 12:06:45 PM
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Which account? Whatever btc amount contains in your wallet represents how much you have. If you want to get the value equivalent in fiat currency, just do the conversion.
Edit. So it's your forum account. Just do a forum search and get the estimate from what other buyers paid in the past. It shouldn't be more than 1mbtc
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280
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Bitcoin / Legal / Re: Canada Recognise Bitcoin Same Like Dollar
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on: September 13, 2015, 01:23:17 AM
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It's good to see bitcoiners playing their part to promote bitcoin. Nevertheless whether he wins or not at least he brings bitcoin name to the news and for attention. At least this one is on the positive side.
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