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im senior member now because of the activity growth on tuesday, please update the doc my post number: 507
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I think bitcoin is fine as it is, as long as we find a solution to this blocksize cap soon. Because something needs do be done about it.
It's also the arrogance and stubbornness of bitcoin miners, thinking only of themselves (although that is what you would expect from a decentralised system)
We need to find the perfect balance of democracy and decentralization.
i don't think that anything kills bitcoins, only bitcoin users, with all these buying/selling, panic creating, it sometimes makes price to fall down to 350$ or lover as we know maybe scammers kills bitcoin too as people leaves bitcoin and sells it, but i don't think that there are many scammers so that's not a big threat to bitcoin |
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My kid wants to make some money.
I never cared much of those easy systems but seems it would work for him.
I gave him 2 faucets but i ALSO remember there was servers/games where one could make Bitcoin [or altcoin] just for playing.
Would you remind ?
faucets are easiest way to earn bitcoins, it is really very easy to get, i saw some watch videos for bitcoins sites online too, i think they give more money than faucets and if they are old enough, they could try bitcoins trading as it needs more skills and thinking what to do, but they can earn more with it than faucets |
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If bitcoin ever goes mainstream it will surely ruin the lifes of all the ones invested in fiat (see https://bitcointalk.org/index.php?topic=180798.0). Gresham's Law will destroy their fiat savings, since everyone will want the stronger bitcoin and will dump fiat, devaluating it. We'll see it happen first in the troubled economies, with high inflation and generalized suspicion on governmental money because of past problems. And I have little doubt that bitcoin won't bring any equality, on the contrary. It will make us bitcoiners rich, but it will be at the expenses of fiat holders. Because I doubt bitcoin will bring much prosperity, since it will establish a deflationary monetary system. But maybe it will be possible to minimize those deflationary effects: a) Commercial banks will adopt a bitcoin fractional reserve system, lending bitcoins with only partial support on their holdings. That will allow an artificial (banking) expansion of the amount of bitcoins, thanks to the so-called banking money multiplier. But since it will be hard to keep a trustworthy insurance of deposits (the government won't have enough bitcoins for that and can't create them), the system will be much more susceptible to runs. And the interest will have to be high, because most people will prefer to have the bitcoins in their own wallets. So, forget about low interest rates. Well, high real interest rates (aggravated by potential deflation) can ruin any economy, since they thwart many productive investment based on credit. b) It also might be created a bitcoin pattern, with governments printing money freely convertible in bitcoins. But I can see already the runs on the government on times of crises. How will the central bank in depressions stimulate the economy? It won't be possible to do any quantitative easing. Borrowing bitcoins to lend them at cheaper interest rates to the commercial banks won't be cheap. How will the Government control massive tax evasion, especially if the anonymity of bitcoin improves? They will find a way, nothing has destroyed the State in more than 13 thousand years of hierarchical societies. Bitcoin won't be able to do it. It seems we will be subject to intense control of our use of the Internet in order to track our earnings and spending of bitcoins. Some we'll be able to evade it. But the majority won't. Will the volatility of bitcoin ever end? The increase of its users will keep bitcoin's price going up. However, because supply and demand is controlled by human perceptions and emotions, after a huge boom in price it will always come a bust. Every overshooting of the price will be followed by a general perception that the price increased too fast and, consequently, by a drop. For volatility to end, it would be necessary a general adoption of bitcoin that would limit in percentual terms further increases of new users taking in account the already large numbers of users. Currently, since the number of users is relatively low, it's easy to see its numbers increase for more than 30% in a short period. But since the numbers of bitcoin are limited (and the current rate of increase is relatively small and it will be again limited in 2016), the ending of volatility would also require or a stagnant GDP or a fractional reserve system based on bitcoin that would allow its banking numbers to artificially increase side by side with GDP. That won't happen for years. Volatility is here to stay for long. Will this scenario be the future? It's impossible to say. But bitcoin seems to have already a too strong standing to fade away on it own. Another better alt coin might be a stronger obstacle than fiat. But bitcoin can always adopt any improvements. Can governments still destroy it? An international coordinated effort against the main exchanges and sites could indeed hurt heavily bitcoin. Even our own wallets are susceptible to attacks by virus/worms (remember Stuxnet?) and the network can also be affected. Access to it can be blocked by ISPs at governmental command. Many could evade these blocks, but the major part of the bitcoiners would give up, taking in account also the risk of sanctions. That indeed would spook major investors. This can still happen and it will happen on troubled economies. The outcome is anyone's guess, it would depend on governmental coordination and level of effort. Governments lost similar wars (drugs, alcohol, prostitution), but bitcoin is an easier target than these activities. It's not a surprise that, besides scams, governmental repression has been the main negative driver of price. What would be the consequences of this massive adoption over the price? I can't even imagine what would be the price of bitcoin. Forget about all the low previsions you read before. But the genie is out of the bottle. There is nothing we can do, except tell about it. added 14 March 2015: What is bitcoin going mainstream? One can use different criteria. 1) A percentage of the amount of the total expenses on one year. But even 1% would be huge and would imply a very high price for bitcoin. However, according to the mentioned Gresham's Law, bitcoin will be hoarded and only rarely spent. It's like gold. Gold is part of mainstream, but people don't exchange it much, they prefer to keep it. On the main functions of money, mean of exchange, unit of account and reserve of value, I think the last will be bitcoin's main function. It won't be used much as unite of value, because of its volatility (many places that accept bitcoin prefer to announce the prices in USDs). It won't be used a lot as mean of payment, because people will mostly hoard it. 2) Accessibility: the fact that anyone can easily buy, sell and pay with bitcoin. Clearly, this is decisive. If we could exchange and spend bitcoins on the majority of banks' ATMs and retailers, we could say bitcoin is mainstream. But imagine that even in these conditions bitcoin kept being scarcely used, with small demand. It wouldn't be mainstream. Many physical businesses complain they never had customers paying with bitcoin. So, this is a necessary condition, but it isn't enough. 3) A percentage of people owning it. This seems to be a good criterion. But it isn't easy to establish a number: 10% seems enough, but not 1% or even 5%. 70 or even 350 million users on the all world would be great, but not enough for talking about mainstream. I guess only at 10% we would start to see unfold the problems above mentioned. But this kind of projections is hard to make. Think about Paypal (I hate it, but let's use it as example). Is Paypal mainstream? I don't think so. It had a volume of transactions of only 180 billion on 2013, about 150 million active registered accounts and in many countries you can use it as mean of payment only on a few places. So, it reached about 2% of world population. Bitcoin had about 23 billion USDs in trade volume alone during the last 12 months (see http://www.bitcoinity.org/markets/list?currency=ALL&span=6m, at current price) and maybe 1 or 2 million active users. It still has a long way to go. well we could said that bitcoin is already mainstream, lots of info about it, you can even see it in news, bitcoin ATM, lots of stores accepts it and so on, it is most popular alt coin and when it will be mainstream, it will be very nice because price will be huge then, atleast it should be huge, and maybe some countries will even change to bitcoins |
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I want ask anyone if i give you 10 Btc what will you do. because i want investment but i have no any good idea to invest it (except gambling) but i don't like dambling.So i want ask you viewS.
yeah you should avoid gambling as that is bad idea, you would lose your money only, i would avoid that too, and well it depends on what you want me to do with them if nothing, just a gift, then i would probably sell them for fiat or spend them, if you would want me to invest then i would think about trading as it look profitable |
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Hi!
I am YES side bettor from bitbet.us/bet/1251/bitcoin-to-top-900-before-sep-2016/
The price of one Bitcoin in USD will rise over $900 before September 2016 as per Bitstamp .
BitBet not works anymore so I want bet with anyone with 2of2 multisig transaction
as described here: people.xiph.org/~greg/escrowexample.txt
The bet with 1 : 3.8 ratio.
So I want to bet 1.0 BTC on Yes side.
You should bet 3.8 BTC on No side.
So we transfer 1.3 + 4.1 btc = 5.4 btc on new 2x2 multisig address.
After Sep 01 2016 or after the event we transfer 5.1 btc to the winner side and 0.3 btc to the lost side.
---
Added.
The bet with 1.1 : 1 ratio.
The price of one Bitcoin in USD will rise over $600 before September 2016 as per Bitstamp .
So I want to bet 1.1 BTC on Yes side.
You should bet 1.0 BTC on No side.
So we transfer 1.5 + 1.4 btc = 2.9 btc on new 2x2 multisig address.
After Sep 01 2016 or after the event we transfer 2.5 btc to the winner side and 0.4 btc to the lost side.
Anyone want make bet with me?
i think that it can happen, just chances are small, reason why is we don't have large price now, only 420$, and halving will rise price up to 2x than price was before halving, so like i said, chances to go to 900$ at September are small but i think that we really can see 900$ price at end of 2016, chances to see this price then are pretty large, would be awesome to see that too |
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I have sold half of my coin at 455 mark today, is there anyone who have also sold on this range today.
I think this sudden rise seems to be pure pump rather than anything. Lets see till where it will reach. What is your prediction for this pump ?
no 450$ is not huge price to be honest, price will be pretty huge soon, just wait till July for halving, i wait for halving to sell my coins, price will be very large then, maybe more than 800$ lots of people does mistakes like this and sells their coins at bad time, if you want lots of profit you shouldn't sell them now |
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no it is not even close to time to sell bitcoins, if you will sell your bitcoins now then you will be very stupid because price is small now compared to what it will be soon, 430$ is now and it should be around 800$ after halving so no you shouldn't sell them now, like i said. keep your coins till July, you will get lots of profit if you will sell your coins then |
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Am I the only one that think bitcoin will reach $500 within the next two months?
if we will count price from today, then i think that it will really go to 5 months eve maybe less, in 1 month, since price rises each day because of halving now, it will be really easy for price to go to 500$ and i think that it would be awesome to see 500$ before halving because after halving we could see price near 1000$ then, that would be awesome for bitcoin and everyone else too |
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Is it normal ? I wasn't here when the old halving block rewards happened before so I'm not sure how things work exactly but logically ... should we see a price increase (at least little bit) since we are getting closer and closer ?
if you hope that price will rise by 10$ in day before halving, then i have to say to you that it won't happen, if it would, then we could hope for price like 3000$ after halving but we predict price around 1000$ only if you would look closely to price of bitcoin, you would see that price rises, by 5$ in week or so, and that is better than nothing |
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Let's assume that we reach a new ATH of $1,700, what do you do?
well chances that it will happen are very small, price of bitcoin because of halving will rise for sure, but i don't think that it will rise from 430$ to 1700$ just because of halving, if price will rise other days too then it might rise to 1700$ highest it will go is i think 850$ and not more, price we have now is too small to dream about new ATH, about 2700$ |
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What type of marketplace are you looking for? which one is still lacking in bitcoin world
Put your wishes here!
i would like to see games only site that accepts bitcoins as payment, in years like this, games are really popular and you will always find buyers, steam games are really popular, CSGO is popular too, it's skins and keys, Dota 2 skins, Lol skins, people always want to spend their money on things like this so like i said, you will have buyers |
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Im looking for a chihuahua but i can see that they are not
in my price range . its about £300+ i really want because
everyone is dominant over me and I dont want it like that .
I get bored fast and my internet drops out a lot
so i need something fun to cheer me up .
i also think that you shouldn't buy a dog, i mean there are so many homeless ones in dogs shelters, and there are many awesome and cute dogs there but if you still want to buy one, then you should try find post somewhere that someone in you country gives away dogs, but i don't think that they will give away expensive dogs for free |
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Current have about 0.01 btc from nothing ,still earning from signature campaigns ONLY.
Can earn about 0.0052 per day Currently
So Can anybody give tips for growing my bitcoin please ?
Thanks!
signature campaigns is good way to earn money without a risk, because you won't lose these bitcoins, also if you want a safe way then you should avoid gambling too as it is very risky thing, you can try bitcoins trading, it have some risk but compared to other ways it is pretty safe, or just keep them in your wallet and wait for price rise |
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I assume they don't agree with you : http://www.coindesk.com/2016-bitcoin-best-year/I'm not sure how it will be a boring year with the halving block reward and the official opening of OpenBazaar honestly , and there will be more proabbly yes opening of openbazaar already changed price of bitcoin, and i am sure that it will change in future too, because i think that it it is most important bitcoin site so far and i don't think that it will be boring because of halving, everyone hopes that price will rise and buys bitcoins so it will be interesting to see if price will really go up |
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as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me
well because you're new to trading, it is good that you decided to ask for help here, people here are very friendly and will help you, you also have to be ready to lose you money too, you can't always win them, and you have to decide which currency you will trade, then find a exchange site that you like and start trading, buy when cheap sell when expensive and watch you get get more money |
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I first got bitcoin from withdrawing from gambling sites. I deposited with another method but could withdraw bitcoin so i did it. Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations. However, isn't the value of bitcoin almost always going to go up so its best to hold it? I know last year it was $600 and the highest was when it was more than $1000 per bitcoin. But since it is all the way down to $200-$300, isn't having bitcoin always good? Could bitcoin go all the way to 0 soon? I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that. But even if it does, isn't it almost always going to rebound and go back up? Last time i had btc and it was $230 or so and now it went up to $260. So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.
I'm sure there are ppl that have thousands or bitcoins right and just hold on to it? And many that would sell btc immediately if prices go all the way up? If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right? However if they sell it via localbitcoins or other method, they are going to get a higher profit right? However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.
In general, isn't holding BTC always a good thing since the price of it is pretty low now? Obviously if you bought btc at $600 or $1000 and thought it would went up and held on to your btc, that would been a disaster. But since its in the $200-$300 range, isn't having BTC always good?
i don't think that it is best way to earn money as price rises are slow usually, so it will be hard to get fast profit for you, you might say that for fast profit there is gambling, well true but that is way too risky, you should try trading, after some time when you will learn how to trade, i am sure that it will bring you lots of profit, just don't sell your bitcoins when price drops, buy them then only |
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don't trade for a year!
well actually this is pretty good strategy because holding bitcoins for year might bring lots of profit, it's not a trading, but profitable thing to do anyway and my strategy with trading is for example if i buy bitcoins at 400% price, i will sell them only when it will rise by 20%, so i will sell them at 480$, and i won't ever sell them at smaller price, this was is slow but it gives you profit |
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For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.
Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.
It is no longer just the US, EU or even China driving adoption. There is a market for Bitcoins in major countries all over the world.
it is main currency in black markets now, so with time it should be global too, people uses more and more bitcoins now so price rises, also halving will rise price, and higher price means that more people will use it, and if more people will use it, it might become global currency soon |
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Does someone has any suggestions how to make 17 BTC with 7 BTC starting capital in short period of time?
because you want to get 10 bitcoins profit in short time, then only way to do that without buying them is gambling, with gambling you can get lots of profit in seconds but remember that gambling can be very risky so avoid luck based games and play poker or even sport bets, less risky but still gives you lots of profit |
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