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1381  Other / Off-topic / Re: What do you want? [Serious] on: May 20, 2015, 07:54:41 PM
The only thing that I want is money because money can buy everything.

Except true friends

You can buy that too, pick a random guy you know, make him alot of money, and he will be your best friend.

Trading creates friendship, you should know that.
1382  Economy / Economics / Re: Bitcoin as a Retirement Account on: May 20, 2015, 07:53:39 PM
I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

Nope, I guess you are wrong. For now of course it is still blank because we can't predict the future but why dont you start investing now to craft that future? Altough bitcoin can't replace the fiat we still can earning through it. For now 1 bitcoin is $200++ and may be in the future the value will increase again and it will be go higher too. If you going to invest now may be it is not too late but you dont want to invest its your choice

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Well indeed, I`ll buy 2-3 Bitcoins in a couple of days, the price seems fairly stable, and it stabilized around the 200€ mark, i dont think it will go lower.

I guess it will be stable for just in a few days more and hope after this it will going high not dropping. And buying 2-3  bitcoin directly is not a best option because you didnt even know what is gonna be later and better wait for a little bit low then you buy or earning first

Thanks for your worry but i`m a bit hesitant, i already own a few bitcoins, and i`m not sure if it would want to put more egg in this basket.

I`m also looking for DASH and Shadowcash, they look promising

If you are going to do some altcoin trading, better stop your buying, I dont think you will get profit if you buying that much bitcoin, but for altcoin trading you will get more compare to your buying but there is a risk for dash or shadowcash is going down too. Think carefully before making your choice  Grin

Risk management? Allocate like 0.5% of the portfolio in it then you down care about failing it.

Also allocate the % based on their risk %, in more risky currencies alocate less % and in stable ones alocate more.
1383  Economy / Economics / Re: What do you guess about he future of bitcoin? on: May 20, 2015, 07:51:37 PM
a lot of people say thay bitcoin is not a stable currency since there are alot of fluctuations in it. but since it is a growing currency nowadays many people are using it and having profit. if it goes on like this , in future there is a chance that btc can be stable and highly secured.

It's not currently stable and that's clear for all to say, though I agree it may stabilize in the future but I'm sceptical. I think a best case scenario would be for it  to be very volatile for a few years then gradually taper off and stabilize at a decent price.

Alot of good news are coming in and whatever instability you talk about, it is going to stabilize soon:

NASDAQ btc based index = clear gateway to the moon as wallst can now flush bitcoin with dollars:

http://www.coindesk.com/new-york-stock-exchange-launches-bitcoin-price-index/
1384  Economy / Economics / Re: US Dollar collapse in 2015? (2) on: May 20, 2015, 07:46:10 PM
I don't think US dollar will collapse in 2015. US dollor in the rising time, it will break 100 in the end of the summer.

I agree that the US dollar won't collapse in 2015. Its demise will be slow and gradual in the future.
What is the 100 you are talking about?

No this is stable value this year euro and swiss frank are off.
So i wont expect for dollar to collapse not this year.


There will be calamities in the market in Q3 this year. Will the USD collapse, i dont think so, but it is possible.

The global bond market is on an edge now, and the bond market is the only leg that this stool called the USD has, once the saw comes and cuts this leg too, the USD will collapse.

But until the printing press is rolling, and bonds are bought by CBs, not a chance.
1385  Other / Beginners & Help / Re: Did you earn some bitcoin today? on: May 20, 2015, 07:43:24 PM
I`m still earning from my faucet system + nowadays people donate alot to me, so i thank them very much, whoever they are  Smiley

About 0.02 BTC i make on average.
1386  Economy / Economics / Re: Bitcoin or gold? on: May 20, 2015, 07:41:51 PM
Gold is a good hedge against inflation where Bitcoin isnt. It could go either way in the face of inflation. Since I see Bitcoin as a currency rather than an investment, I'd have to choose gold.

How? Gold doesnt inflate? Then what are gold mines exactly?

Yes bitcoin does inflate too, but not like the Argentine Peso, the Mexican Peso or the Swiss Frank or the Ukrainian hryvnia.

When the CB mechanism goes total printing, then Bitcoin will be a hedge agains inflation. You are crying about BTC 10% yearly inflation, wait until your $ or € or £ gets 500% yearly inflation Cheesy Cheesy
1387  Other / Off-topic / Re: Let's talk about how hot Asian girls are. [NSFW] on: May 20, 2015, 07:38:55 PM


Nice belly piercing, i would like to pour chocolate on her belly and eat it  Grin
1388  Economy / Economics / Re: Bitcoin or gold? on: May 17, 2015, 09:30:44 PM
Silent buying? Thats not possible here, this is not Wallstreet.

You can keep the gold price artificially down, by buying PHYSICAL GOLD, but selling wortless piece-of-toilet-paper-ponzi-scheme gold certificates at the same time.

But how are you going to sell fake bitcoin certificates to keep the price artificially down while buying spot BTC?

That wouldn't be difficult with bills of exchange, which are written orders requiring one party to pay a fixed sum of money to another party at a fixed date in the future. In fact, such promissory notes were the first paper money in Europe. So, in a sense, the history would repeat itself...

I dont understand, do you mean future contracts or forward contracts?

But bitcoin cant be minted fraudulently, so that is not like a price manipulation, but rather a direct theft.


See when you create a derivative, you will always need a liquidity provider who can take short term loans, if not from reserves, then from the central bank. So the entire current system is based on money printing (even for a short term 2-3 hour loan).


But you cant built complext derivatives on Bitcoin because the bitcoin supply is not modifiable, and you cant place a trade without margin Cheesy

That would be like saying, give me 100$ and i`ll pay it back if i want it.  Cheesy
1389  Economy / Economics / Re: Bitcoin or gold? on: May 17, 2015, 09:05:01 PM

But how are you going to sell fake bitcoin certificates to keep the price artificially down while buying spot BTC?

(Or are you talking about PAPER BTC cards with fake private keys  Cheesy)


If there's extra money in it someone's going to try and find a way. That's what they do.

It's hard to make a fraud like that.

See gold certificates will only get debunked after the traders realize that there are 10,000x more certificates sold than there is gold on the Planet. And that might take a few more years for them to realize.


However if you buy a "bitcoin certificate" you can verify INSTANTLY that that address has bitcoin on it, and that the private key corresponds to the address.
1390  Other / Beginners & Help / Re: Did you earn some bitcoin today? on: May 17, 2015, 09:02:09 PM
Earn some BTC on trading with DASH, weekly payment from signature and hardware mining.

Yea i`m looking into dash too, it looks promising.

I earned today by donation, somebody donated for my ebook, i thank him whoever he was  Smiley
1391  Economy / Service Announcements / Re: Dimensionalbtc on: May 17, 2015, 09:00:55 PM
Yea the faucets have been updated, i see that they pay alot more now.
1392  Other / Off-topic / Re: TV Series Recommendations... on: May 17, 2015, 08:59:55 PM
Wow another spam thread, good job.

I like Game of Thrones, its worth watching the girls are hot.
1393  Economy / Economics / Re: What do you guess about he future of bitcoin? on: May 17, 2015, 08:58:36 PM
the bitcoin blockchain will primarily be used for settlement/accounting purposes and probably some cool new applications.  i dont think it will be a widely used currency any time soon

If NASDAQ etc are investing in the blockchain for their businessess it means they see that it will be a success and widely used, basically because for the blockchain to function a healthy bitcoin is needed.

the problem is that they are more interest in the blockchain and not in bitcoin, one can hope that their interest would do something to bitcoin price too, but it's not guaranteed

Yea but blockchain also gives advertising for bitcoin. It's as if you would advertise fast-food in general, but with that ad Mc donads gets exposure too.

So bitcoin is like the rockstar of the blockchain, and people will be more confortable in using it, so the price can go up.
1394  Economy / Economics / Re: Bitcoin as a Retirement Account on: May 17, 2015, 08:56:11 PM
I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

Nope, I guess you are wrong. For now of course it is still blank because we can't predict the future but why dont you start investing now to craft that future? Altough bitcoin can't replace the fiat we still can earning through it. For now 1 bitcoin is $200++ and may be in the future the value will increase again and it will be go higher too. If you going to invest now may be it is not too late but you dont want to invest its your choice

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Well indeed, I`ll buy 2-3 Bitcoins in a couple of days, the price seems fairly stable, and it stabilized around the 200€ mark, i dont think it will go lower.

I guess it will be stable for just in a few days more and hope after this it will going high not dropping. And buying 2-3  bitcoin directly is not a best option because you didnt even know what is gonna be later and better wait for a little bit low then you buy or earning first

Thanks for your worry but i`m a bit hesitant, i already own a few bitcoins, and i`m not sure if it would want to put more egg in this basket.

I`m also looking for DASH and Shadowcash, they look promising
1395  Other / Off-topic / Re: Let's talk about how hot Asian girls are. [NSFW] on: May 17, 2015, 08:53:20 PM


my ex girlfriend Grin

I sense that you are lying.  Smiley
1396  Economy / Economics / Re: Bitcoin or gold? on: May 17, 2015, 08:47:20 PM
I'm not going to start a flame war, but it seems that it is you who should go study, though not sociology but rather psychology, and what people actually think (and feel). An average Joe will stay away from Bitcoin after he even temporarily loses his Bitcoin savings due to a blackout or Internet connection failure. And I don't even mention that 99% of populace will not be quite happy about losing 10-20% of their savings value on a daily basis due to Bitcoin price volatility...

Well the volatility is only temporary, the more people use it the less volatility. Secondly do you think the FOREX markets are a flat line or what?
Every single currency is volatile, however in a EUR/USD market you only see like 300-400 pips movement in a day, because it's so giant,so this really proves that volatility will decrease over time.

The volatility can only decrease if the market grows bigger by a few orders of magnitude. For Bitcoin that would mean tens of thousands of dollars per coin (simple arithmetics). This won't happen until the Bitcoin user base grows accordingly. But it won't grow while the volatility is as high as it is as of now. So you obviously have a vicious circle...

Has the Bitcoin user base been actually growing for the last 2 years?

That would be true only in a socialist utopia. In the current world wealth is not proportionally distributed, 60% of the wealth is in the top 2-3% of the humans.

It doesnt need a 1000x in the userbase to grow the price, it only needs a few whales from wallstreet to open up their purse.

And contrary to mainstream average users, the whales are in a "for profit", if they would decide to invest in it. So about a 10% of the population needs to be there to ensure an ongoing demand, while the big whales can just use this as a collateral for their enterprises.

Online stores, gambling, entertainment, gaming, movies, and such, it can be a good investment for any millionaire, because the demand is already there, it only needs a shift of currency.

I guess we will need to wait until the fiat inflation becomes untolerable, but we shall see. It's up to wallstreet now to push prices up.

Things are cooking up extremely nice, with the NASDAQ news it's clear where things are going. Whales are probably silent buying on a daily basis as we speak already, before they go full throttle to drive the price higher than the world trade center, and all the panic seller gazelles get caught.

Silent buying? Thats not possible here, this is not Wallstreet.

You can keep the gold price artificially down, by buying PHYSICAL GOLD, but selling wortless piece-of-toilet-paper-ponzi-scheme gold certificates at the same time.

But how are you going to sell fake bitcoin certificates to keep the price artificially down while buying spot BTC?

(Or are you talking about PAPER BTC cards with fake private keys  Cheesy)
1397  Economy / Economics / Re: 2014 Poll: How many bitcoins do you own? on: May 17, 2015, 08:43:53 PM
I am one of the poor on the forum and I have less than 10  Undecided

most people here don't even have 0.2 bitcoin and you say with 10 bitcoins you're poor? i seriously doubt you are serious. keep trolling.

Everything is relative, the Winklevoss guys have 100,000 BTC, yes he is poor compared to them  Wink
1398  Economy / Speculation / Re: Do you think 1.00 BTC will worth more than $10,000.00 USD at any time in 2015? on: May 17, 2015, 08:40:56 PM

How they bought bitcoins below 100$? If they could then the market have alraedy gone below 100$, thats not how price discovery works  Grin

Your BID order wont get executed unless the one above you got executed, you can put any amound of chunk orders to sell, if there is 1 guy selling 10000 Bitcoins at a price just above you. Also if the Ask orders cumulatively have a larger volume than those 10000 volume bid orders, then your chunk orders will never get executed and the price will go up again (and another guy will bid up the price above you to fill in the spread created void, there is no incentive for traders to sell at a lower than fair price to you) Grin

It all depends on demand from the perspective of buyers.Learn how the markets work bro  Wink

I bought some Bitcoin for less than $15 each back in 2012.

You might not realise it but there are going to be lots of people out there who purchased Bitcoins when they were priced well under $100 a few years ago and they still have them.

One little example of this is the Winklevoss brothers who reportedly hold around 100,000 Bitcoin which they purchased for around $11 each. They still have them.

 Roll Eyes

I bought bitcoin at 250€ (ask price) and now i can sell them at 200 € (bid price). The BID<->ASK didnt moved alot, but the spread is definitely fucking huge due to comissions/regulation/VAT and other crappy extra payments that you have to pay generally.
1399  Economy / Speculation / Re: Do you think 1.00 BTC will worth more than $10,000.00 USD at any time in 2015? on: May 17, 2015, 08:38:55 PM

Yea but now you are confusing traders with investors.

A trader will have no impact on the price's highness itself, a trader only tightens the spread and ads liquidity to it. Some will win and some will lose but its a zero sum game.

An investor will need rational requirements for to invest in bitcoin, but since it's established, sometimes a low price is enough. Perhaps a few good news.
Okay, I don't see how that invalidates my argument/post. Any intelligent investor knows to cut their losses. They're not going to keep throwing more money down the drain if they think the investment failed.

Ok but its not like bitcoin has failed because many people were scammed by MT Gox.

So what they lost a few $ here and there, but the price can easily turn around at anytime, and then recover the losses.

Of course those who quit BTC have lost forever.

There's an old saying: Every loss is only temporary, quitting makes it permanent Smiley

Isn't that the old saying of many a bankrupt compulsive gambler?

No because gambling was never set up for you to win, its for the house. But in trading it's different, if you know when, or how to trade, then obviously you can make money.

1400  Economy / Economics / Re: "Deflation" in Europe is actually Inflation in disguise on: May 17, 2015, 08:36:43 PM
We are witnessing a depression being masked by the central banks of the world. I don't care to know why, but I do know that eventually this shit show will fall apart. Historically the fed has raised or lowered rates to "control" the economy. I think we can all agree our fed is paralyzed now. It can't raise rates in a deflationary environment...period. The only choice it has is either to continue zirp as it has since 08' or go negative. That's it...period. Anything to the contrary is complete noise and an excuse to drive markets down to btfd.

It can raise rates because deflation, because that would make corporations go bankrupt, thus reversing the deflationary spiral, that is caused by cheap loans and wreckless risk-taking.

However it cant raise rates because the USA has a so big debt, that it would go literally bankrupt at an interest rate of 6%.

(Not to mention the other catastrophes that would happen if the private debt defaults)
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