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361  Economy / Micro Earnings / Re: Why do people use faucets? on: August 30, 2015, 07:55:12 AM
Those people who got into faucets are probably newbies. They need a way to earn something and experiment with the coin before deciding and then seeing the value of bitcoin. I agree it's totally not productive as getting a real job will earn you much more than spending the time clicking all day, but then it's free and it's fun, so why not?
362  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto PLEASE resolve this debate? 1MB blockstream vs 8MB Gavin Blocks on: August 30, 2015, 07:39:22 AM
That is your assumption. What if satoshi suddenly appears and decides to go along with Gavin's idea and support the larger block size option? If that's the decision by him, would everyone that generally opposes to the idea, agree to it? If we need a person to decide for us, what is the point of having community power?
363  Economy / Speculation / Re: Is buy and hold a good investment option with price around $230 - Aug 2015 on: August 30, 2015, 07:32:49 AM
leaving in banks doing nothing is not an option for me considering interest rate is way utterly too low. Rather than leaving it idle and doing nothing, I would probably diversify my holding to stocks and the rest into bitcoin. At least if one of it drops, there's a good chance the other will pick up.
364  Other / Off-topic / Re: How to motivate womens to use Bitcoin? on: August 28, 2015, 11:00:48 AM
Give them discount and incentives for paying with bitcoin? But seriously i don't think it is possible. Unless it functions like credit card that gives them crazy spending power and credit facility.
365  Economy / Economics / Re: Tell me your predictions about Bitcoin on: August 28, 2015, 10:46:06 AM
What i think? High chance it will fail. Speculative buying for quick profit is the main thing that will hinder progress and cause volatility  to become an issue. Right now people don't see it as a realiable investment. Beats me. And with the split on the blockchain size consensus things will only get worse. I would hoard some coins but at the moment I don't see anymore good reasons to continue putting more money into it.
366  Economy / Economics / Re: The Real Story of Gold on: August 28, 2015, 10:40:41 AM
Well even if it is true, they can go on to surpress the price forever as long as they want. And since the spread on gold trading whether on buying or selling is high, you will actually lose out the moment trading starts. Plus don't forget they pay zero interest and some banks will actually charge you the maintenance fee for the gold account. Either way you will still lose out.
367  Other / Off-topic / Re: 2016, The Year of Bitcoin? on: August 27, 2015, 01:47:49 PM
Continue to dream. When the community is split with no direction in the near future, i don't see how that can be bullish for bitcoins. The market won't buy into uncertainty. I won't either. So until that settles down, right now expect the same kind of up and down market sentiment. People are just here for quick profit and nothing else.
368  Economy / Services / Re: Coinoindex.com signature campaign! on: July 22, 2015, 11:23:57 AM
I started posting since last week. If I enroll now, would the bot be able to capture the number of post count correctly?

I prefer to register only after having received my payment. Would that be okay?

And just to clarify, is the maximum post for coinoindex 50 or 100 per week. Thanks
369  Economy / Speculation / Re: Outside money will only come when we make a new ATH on: July 21, 2015, 10:54:23 AM
The sentiment nowadays are price driven. When people see the value going up, suddenly everyone will get interested to know about bitcoin. New investment with fresh funds will be coming in. That's the main driver that will fuel further increase. What we need here is something to maintain the momentum but don't forget eventually we will still need to overcome resistance caused by those who will sell for quick gain when it reached their target price.
370  Economy / Speculation / Re: How much do you think 1 Bitcoin will be worth in 2020? on: July 21, 2015, 10:44:23 AM
I can't imagine. A year ahead is probably a long period of time to foresee what would happen, more over right now, we are trying to predict something that goes 5 years ahead. I always believe in something realistic. I would say 1000 is a fair price considering how bitcoin can remain user friendly without having to count and use up all the decimal places behind.
371  Economy / Currency exchange / Re: buying btc via wire transfer on: July 21, 2015, 10:38:39 AM
You can just use the service of any bitcoin exchangers where you can open an account and wire transfer your money to fund that account. Once you have your money there, you can just perform buy order just like any other trading services. Just make sure you have grasped the basic of maintaining bitcoin account in the first place.
372  Bitcoin / Bitcoin Discussion / Re: Your definition of being Bitcoin Rich or wealthy? on: July 21, 2015, 10:32:52 AM
bank accounts balances, asset holdings coupled with debts may not represent or use as an indicator. Probably all of that wouldn't matter some day because I think the biggest indicator right now is still the bitcoin price. It could change the scenario depending if price goes up or down. Let's look at the price. At 270, anybody holding 100 btc wouldn't be defined as rich based on current inflation rate. But somehow one day, if the price goes up to 5 times that amount, I would say the guy is probably well off.
373  Bitcoin / Bitcoin Discussion / Re: Teenagers and bitcoin on: July 21, 2015, 10:19:59 AM
Maybe what we need is a game where there's a trading platform which allows you to buy some special game items which can be bought using only bitcoin. But we haven't seen that happening just yet. If there is, it will be the first thing that will attract and get their attention towards bitcoin and they will brag on how cool to have it.
374  Other / Off-topic / Re: Worst mistake you did with Bitcoin? on: July 21, 2015, 10:13:22 AM
First time when I heard about bitcoin, if I'm not mistaken it was like in 2012, and at that time I really didn't take it seriously. I was skeptical and my biggest mistake was probably I didn't take the time to really read about the technology and understands it. Had I did, a small investment would have  given me a sizeable amount of stash. But never mind, it's still not too late though.
375  Economy / Economics / Re: Video: The Biggest Scam In The History Of Mankind (Documentary) on: July 20, 2015, 12:54:28 PM
The video obviously explains it well. The monetary system which we currently rely on is full of lies, deceit and manipulation. It's about how those elites who can continue to abuse the system are allowed to print money freely and robbing the wealth from the ordinary working class. It is a total flawed with money created out of thin air.
376  Bitcoin / Bitcoin Discussion / Re: Controversial Backpage.com Warmly Welcomes Bitcoin on: July 20, 2015, 12:45:24 PM
There are bound to be pros and cons. The positive side is definitely one that will help drive towards mainstream adoption. The negative is definitely on bitcoin being used as a currency to fund underground movement, hence it's association with illegal activities. But think of this, for it to function as a currency, it must be able to be used freely without restriction. Also you can't just stop anybody from using it.
377  Bitcoin / Bitcoin Discussion / Re: Balance with 215,000 BTC, what is this one about? on: July 20, 2015, 09:34:11 AM
Kind of reminds me of that micro transaction that they sent as part of stress test to overload the network. But it couldn't be that. Also, if I scroll down further, what I can see are actually some form of 'begging' going on while there are others who use it for cheap advertising by leaving comment on the page. But the key point is not about that small transactions. It's the whopping 215k btc in that address.  Shocked
378  Economy / Economics / Re: Let's Be Honest. We Are Waiting for $100/BTC to buy on: July 20, 2015, 09:27:57 AM
I can't imagine if that is possible (price collapsing to below 100). Judging by the buying sentiment I'm sure everyone would want to get their bitcoin paying lowest price as possible. Even if the whales wants to manipulate and dump it to that low level, they will also be taking a huge risk. Unless you are talking example, a security loophole in the blockchain, that could probably causes a panic sell.
379  Economy / Economics / Re: Number of transactions on a specific exchange on: July 20, 2015, 09:14:10 AM
The ability to search via Transaction history (if that's what you meant) basically depends on one exchanger to another. Some will offer a more comprehensive sorting functions while other don't even let you browse more than an hour of transaction history. So far I've never seen one offering such detailed service but maybe what you can do to overcome that is by looking at the volume of trade occurring at a specific hour.
380  Economy / Economics / Re: VC firms bullish on Bitcoin potential on: July 20, 2015, 09:09:35 AM
At the current rate bitcoin is progressing, it's quite baffling that despite all the hype and potential surrounding the technology, it is still moving at a much slower rate than expected. We have been harping on the issue of mainstream adoption and then we also have the promise of huge investment by the wall street guys but what we have seen thus far, admittedly are far less than convincing.
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