I don't agree. Most people get into bitcoin through buying it, or being offered it as a payment. But some people online come to bitcoin through faucets. I believe we are still attracting new Bitcoin users through faucets, and we will continue to.
Defo and its porbably mostly younger users new to bitcoin below 16 mostly who have limited ways of earning a decent wage so it makes more sense to rape a faucet for less than minimum wage. |
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The Gemini exchange doesn't have volume and its order book is nothing. With a buy order large enough you can get the price easily to $5000 and higher there.
Im kinda surprised anyone even had coins for sale up that high. Looks like they might be getting some new accounts over there soon. Now its happened though everyone will be over there incase it happens again, probably unlikely. |
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I would like to suggest you Fortunejack with complete range of all kind of poker games this is not cause i am in their signature i really like to play there and i have good experience with it hop you too like this.
From what i remember it has no peer to peer poker which is the best kind of poker since you can make +ev bets. Unless something has changed i think they are just casino style games. |
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Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?
I get the feeling things might keep changing in the world. Im not sure people will be able to sit around and offer nothing when they can offer something. Elites are in for a wake up call. Im not saying people are all going to be worked to death far from it, just be more equal. |
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I have considered telling my family and some of my friends about Bitcoin but whenever I've tried, they fail to understand why it does have value and why it is extremely important specially in the current socioeconomic context.. they don't get it and see it as something really strange. Needless to say I wouldn't tell them to put any money on it. In a way it feels like im keeping something amazing to myself, but at the same time, I don't want to put people into the pressure of holding through rallies long term because most people aren't cut for that.
How to introduce Bitcoin to absolutely clueless people and is there even a point? Should we just let time pass and wait for them to naturally learn about it once it goes more mainstream?
I have actually got stuck in a situation where a family member has invested a small amout with me since way back in end of 2013-2014 and the price has gone down since. Im waiting to break even so i can hand them the money back. Very bad idea overall, i think saying stuff like hey check out bitcoin and what good it can do for the world is good. Saying stuff like, hey check out bitcoin you can make loads of money = bad. |
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I agree with what most of you guys have stated. I use gift.com and have no concerns of carded stuff showing up at my house. Purse seems risky to me - a few bucks is not worth having my door kicked in.
How much discount do you get on ebay vouchers at gyft? is it like 3% ? |
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I am gambling for a while with bitcoin but i've never won some big amount until now! I won't say that i am some expert, i just got lucky couple times in a row! I am now proud owner of 13.3 BTC! Time to celebrate!
If you want some advice on what to do make sure you bank at least 13 if not all the coin. 0.3 is plenty to have a little fun with if you consider 13 to be a nice win.  |
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If Gambling was not introduced then many people have to do the hard work for earning money.
You act like any single entity is control and brings it to the people. The fact is gambling probably came about via a combination of things which couldn't be controlled if they tried to remove it. |
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Some have estimated it's 30 per cent of all Bitcoins. It coins haven't moved for years it's unlikely anyone still controls them, except for Satoshi's coins. The figure keeps increasing because of things like burned coins, such as the 2130 Bitcoins burned during the Counterparty distribution.
I reckon 30% or greater could actually be about right. Most people early in bitcoin lost 1k coins like it was nothing regularly. Its pretty insane people talk of the 21 mil club and needing 21 bitcoins. When actually you probably only need like 10 coins if you take into account 2140 mining end also. |
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I may or may not have used bitcoin to buy some physical goods on silkroad lol. Can neither confirm of deny at the moment.
That counts as physical though right?
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I see a mountain not head and shoulders formation and in this case i hope to see after a cliff not a canyon.
More incoming bubbles... Yea i share the same idea here.
If we can hold sideways until through xmas its going to be looking good for a january pump. I know a few other traders are thinking that month as a possible next bubble. |
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If bitcoin became the world's 6th largest reserve currency in 2030, what would be it's price?
What would be it's price if that were true today?
Depends what is happening with the countries at that point, for all we know we could be divided in 3 big country states at that point if we had some like world war 3. Europe, America & The East. |
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That's Bullish as hell!!!
Resume a slow ramp to the next more powerful pump maybe?
I was also very pleased to see $300 hold, i feel like $330 is the new $220, what ya reckon? |
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Ok, so I've been using Purse.io for the last two weeks. I've grown to dislike it.
1) first of all it takes FOREVER to get your item, as in something I ordered on the first day I used Purse, still has not arrived.
Dam there goes my dropshipping business idea lol. Still if you are getting 25% off waiting a little time isn't so bad. |
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From $250 to $500, back to $300 in a span of a few weeks or even days?
This does not look like market trading at all.
Bitcoin is a $4bil entity. Although relatively small, it is big enough NOT to have such volatility.
Its nothing in the history of bitcoin look at the bigger bubble spikes in % terms. The biggest ever one was from 0.0000001 cent to $1. We've had tons of big ups and downs since. Overall the trend is up. |
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I am looking to upgrade to a new computer with Windows 10 but i have head that Windows 10 has some privacy issues which can be security risks to bitcoin wallets on Windows 10 devices. What exactly are those issues and what risks do they pose to bitcoiners using Windows 10?
Im staying well clear on windows 10 based on the tips from people on this forum. I'd honestly like to get back to windows 7 it went downhill from there. |
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What was responsible for the spike in bitcoin price early this week? Please give me all the possible reasons! Speculate. Thanks
Prices are slowly moving up its simple. Look at the 1 week chart we have left the bear market some many months ago, the trend has broke. Now we are in a slow climb before bubble mania. The push to $500 wasn't even the take off, imagine this next bubble. |
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How did this happen, is this kind of a joke or what? $2200 is way to far from now  There was a very thin order book, this is so sick considering if you sold out @$2000 etc for a few bitcoins that might have been your sell target for the next bubble. Now you get to rebuy, oh man! |
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I'm waiting the 5 days requested by the bank to transfer money on coinbase to do exchange.
If i had money now, i'll buy at once... i'm dying i think in monday price will go higher than 350€ again....
F***** bank! And them time to do silly operation!!!!
Yeah its murder having to wait i remember when i first got into bitcoin and wanted to buy during a bubble, cost me about 20 bitcoin difference waiting for funds to clear. |
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If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
No matter where you live and what tax rules there are, you should get independent advice from an accountant, preferably somebody who understands real estate. If you buy a house there are going to be various implications on the way you are taxed, not only when you buy it (for example here you have to pay a 12% registration fee on top of the purchase price and now for new houses (here) you not only have to pay VAT on the house, but also on the land the house is built on). Once you own the house, your annual tax return will also change, for example here the perceived value of the house (as if it would be rented out) is added to your income, so you get taxed on that too (Rateable Value). But owning a house means you can also get a house loan and in many countries you can deduct the interest you pay from your income So... buying a house might be a lot more expensive than just the price sticker you see at the for sale sign and owning a house will be a lot more expensive than you can imagine, especially if it's the first time you own a house... See my previous post: a house is a liability, not an asset. Y ou probably don't want a mortgage on the house because then the bank owns it until you pay off the last bit after 25 years, but you might consider getting a loan so you can compensate the extra income taxes like Rateable Value.
If you get a mortgage than your house is not yours but you can also get a real estate loan (without the house as a deposit) from the bank where if you have 100% cash down for the house, you give this money as collateral (so no mortgage on the house) and you pay only the interest on the loan (meaning you get a bullet loan with 100% money deposited in a pledge account). At the end of the loan (10 years, 25 years... ) you have to pay up the 100% value of the loan too of course.This formula has 2 advantages, first you are always the owner of the house, there is no mortgage. Secondly you can take advantage of the interest you pay by deducting it from your income. And the money in the pledge account is actively invested (by the bank) so it can grow to compensate for inflation, with a bit of luck you might even beat inflation but as the bank is investing it for you, they will milk your every turn. Some banks only want to invest in funds with a 100% money back guarantee and these funds always underperform the market). If you want to buy a house, don't just talk to a real estate broker and your banker, but also get an income tax accountant's advice disclaimer: I am not an accountant but I do own several houses. Thanks for all the info. Interesting thought to get a real estate loan but how easy is it to get one of those? did you get once because you already have several property? All i would have is some money and a small business which isnt really worth much. Interesting though, you said houses aren't a good investment and you own several? yikes. |
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