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If we already signed up for whatever it used to be called I'm assuming we can't do the new version / name right? It used to be bitgold but now is goldmoney
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Oh wow that's a pretty sneaky way to go about it. Good for you for noticing and thanks for the post. I'll have to be more careful than I currently was.
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Im sorry to say sir or mam but you are wrong with your theory about bitcoin. If ever you dont know bitcoin has large amount of users and many community and forums like this supports the currency if ever bitcoin reaches a low value the Creator of bitcoin will once again makes it's comeback to save it. Long live Bitcoin !
Maybe try to read the whole thing champ. Also, who's to say satoshi isn't dead? Why else would he leave and never come back? It's time to face reality... Bitcoins are going to be mainstream in 10 years. |
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I think it's weird how bitcoin is more capitalistic than any other currency, yet everyone is so concerned about the actions of a totalitarian communist nation.  Unfortunately that country accounts for 1/5th of the world's population and they have found their release in Bitcoin. I don't see this changing for the foreseeable future. While they make up a big chunk of the market, Bitcoins market cap is around $14 billion. The currency outflows from China last year was in the hundreds of billions. Capital flight via bitcoin is relatively small. It's still more like a penny stock than a currency. Don't get me wrong, I'm invested in this penny stock but let's not kid ourselves into thinking bitcoins are as big as they'll ever be at this point. |
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Here are some thoughts, imagine I ask for a loan of 1 bitcoin right now, that's around 916 euros, and I'm going to pay in the next 12 months, 5% interest, if bitcoin's price continues to increase and it can increase to 3000 euros by the end of next year I will spend a lot of money to pay that 1 bitcoin.
What will happen, probably I will default, because that kind of interest is a ripoff, many people will do so, and I'm assuming honesty here not simply trying to scam people.
What can you do when people don't honor their payments?
This is a serious problem with loans denominated in bitcoin, the price is not stable enough to allow for this to happen.
As a Bitcoin-only company I've had plenty of time to think about that issue and, in my case, I say that IF I borrow Bitcoin (to grow the company) and Bitcoin goes up (thus making it harder to repay the Bitcoin) THEN, since my business model is to help people EARN Bitcoin, the rapid rise in Bitcoin price will also increase my customer base, increase my earnings and I would still be able to pay the higher value Bitcoin back. The point of the observation is that if a Bitcoin loan is made to a business who's success also depends on Bitcoin then the risk of Bitcoin's fluctuations are somewhat shared and hedged (in a way). It is a tough step to stop thinking in "fiat" and to start thinking in "Bitcoin" :-) Well what actually happens is you've now taken an already very very risky business and amplified that to 2^4. It's just a terrible idea to take any long term longs out in bitcoins. There are no companies in the world that do bitcoin mortgages and if they did it would be based off of a fiat denomination. Did you know you can get paid in bitcoins through some companies? Did you know that even those companies base the oay off of a local fiat currency's value. It's just a bad idea. |
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Glad I got out of Coinbase when I did, to be honest.
They do a lot of fraudulent-looking things based on what I hear. It looks like this is what happens when you get a large bank-like company in a completely free market with no-one to regulate and ensure that their operation is maintained in a proper manner for each of their customers.
I use Blockchain right now, has anyone had any major issues with them yet?
Hahaha blockchain.info is worse than coinbase. Honestly why do you use online wallets and the worst exchanges? Omg! Google it people. This isn't the first and certainly won't be the last. |
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never had any luck with those sites  Are you kidding me. These people clearly learned how to get some bitcoins so you can go ahead and ignore this thread now. |
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I never use exchanges that keep your funds on their site or have wallets. Coinbase always seemed like it would be the next to collapse for me so this kind of thing will only get more popular now.
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Maybe 99.9% of people in the word doesn't know what is bitcoin, altcoins or cryptocurrencies. Many big companies, investors or even the countries are unaware. In the future, the consciousness about bitcoin will increase inevitably. Which means the demand for the bitcoin will increase. And as you know when the demand increases the price will also increase. Which make bitcoin a good investment now.
You have to consider the fact that bitcoins may end up only being a way for sending money far away or storing it. In that case it won't be adopted by the masses because not everyone needs to store wealth of send money overseas. |
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Step 1. Go to a bank. Step 2. Don't ask strangers on the internet for thousands of dollars based on good will when this is your first post.
To sum it up: lock this thread at the bottom left because it's just not going to happen unless you have enough valid collateral to cover the loan. Check out the stickies.
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Because we haven't got much more promotion or marketing to make it popular on bitcoin as cash . There are only people in bitcoin community to use it as cash. However, bitcoin is not still accepted from the government so that everybody is disquiet and do not get bitcoin as cash.
I have to disagree. We do not need more promotion or marketing. The Bitcoin community does not use it as cash. Most are just holding or use it very rarely. Some would like to but there is no place to spend Bitcoin. So what we need is to start using them. If i tell a friend to use this new form of money and to get on board, all he need to do is to ask me how often i us it and where and then i will have a hard time explaining why he needs it if he is not going to use it. Guess what, you need someone to accept Bitcoin to use Bitcoin. If you failed to make someone accept it then there will be no usage for Bitcoin. And the first step to make other use it, is thru marketing, promotion and merchant adoption. It needs a wider scale of influence and not just our circle of friends. So I guess the best thing to do it is widespread awareness on what bitcoin is and it will be done thru marketing and promotions. How do other decentralized or not-for-profit organizations advertise? We obviously need to follow that model. Everyone pay your 0.001 BTC to Gavin Anderson and tell him it's for a 30 second TV commercial that a pro marketer designed. If you want mass adoption you need something big like TV. Internet ads are too focused on what you may actually want lol. |
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Pro tip: don't let brand new accounts vote. Obviously you can't avoid that so obviously all of these shill accounts voting will skew the real answer. A bitcointalk poll is never democratic.
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This decrease in fast and totally unexpected price! What are the reasons that led to the rapid decline in the price in your opinions?
Its because of FUDsters. Spreading negative news that lead to panic selling of traders specially on China. Traders are very sensitive. They are buying negative than positive. Lately we saw a news came from China that they will going to investigate all btc exchange due to unbelievable volume that really affects the price. It cause massive panic to the traders that cause the price to drop down to $750+. I saw the chart and it look strange. Unfortunately for us HODLing, traders are very speculative and sell/buy on a whim. Right now is the time that traders love because of the volatility up and down. $1100 to $750 is a huge drop, but we haven't had a bear market in so long that people around here forget that it's totally normal for this to happen. The price won't shoot up forever, sometimes it'll drop. I'm expecting it to go back up so I HODL. |
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No way I'd pay more than 100k for this place.
Lol how much for shipping? Do you accept forum escrow? If not I expect you to sign over the deed first.
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If you have 50k stolen euro's and you put that 50k stolen euro's in bitcoin (cash to btc) and cash out on your bank account it is still illegal money?
Am I stupid our do you guys not see this?
If you want to launder it you should setup a fake business that get a lot of fake income from bitcoin.
Gl with that..
Better open a shitty barber store.
That's one way of going about it. The mafia always had restaurants, barber shops, anything that would generate cash anyways. That way they could just say it was tips or a bonus or really whatever they wanted. Laundering with bitcoins is so much simpler. Go to the address in my signature. Boom. |
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If you're just looking to take a loan out in bitcoins you can try on this website but be sure to offer valid collateral! You could also try btcjam or bitlendingclub although I heard that one of them (or both?) Were shutting down their operations. It's never worth lending to randoms on the internet IMO!
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Do you have a receipt? What kind of rate are you looking for? What kind of dollar? USD? Can you prove without a shade of doubt that this was purchased legally?
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Don't use bots. They are ultimately inferior to humans and can't predict market trends. It's risky.
I cant think of any bots that is being used on trading in either crpyto or in forex/stocks since i do it manually and you are right if were to choose among two i would rather to trade manually because there are really some things that bot cant do and also trading bots do really need to be set manually and if you dont have too much trading experience that will be still useless. A great bot will be much better than a human. No emotion to go with. On the other hand emotion is what a lot of people use when trading so you'll be a little behind the 8-ball in that sense. I see someone has already suggested it but I have seen the C.A.T. program for sale on bitcointalk. I can't vouch for it because I've never used it but it's a bot nonetheless. |
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Odds are odds no matter what has happened in the passed. Assuming you're always on a probably fair gambling site you'll always have the same odds whether you're on a hot streak, which btw there is no such thing, or not. Keeping a log of past bets is fine if you want to make a chart or something but if you're playing 50/50 odds you'll always see that the house edge is just a little bit better odds.
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Yeah, gotta keep the Chinese people in the dark about how the gov is robbing them through devaluation daily. This should only spur more use of bitcoin for people who are paying attention. That was my thought. If I was told that rules were tightening or it's going to be a huge hassle to buy bitcoins in the future because the government doesn't approve I'd be buying as much as I can as soon as possible. Lol devaluation can't be mentioned? Devaluation like when they decided one day to devalue their own currency last year? There was a huge panic in the market because they have too much control over something that is typically valued by the market. |
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