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1602
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Economy / Lending / Re: Need 0.007 BTC Loan
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on: December 03, 2016, 06:30:24 PM
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I think 0.007BTC is a bit of a stretch for your account. Do you have any other accounts or anything else you could offer as collateral?
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1604
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Bitcoin / Bitcoin Discussion / Re: From your own selfish perspective, where do you want bitcoin to end up?
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on: December 03, 2016, 05:38:23 PM
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Meh not really gold 2.0. I want it to be accessible to everyone in the world that's having a hard time with banks and doesn't want to trust anyone anymore. It just makes sense. If you were dropped on an island and the currency was coconuts would you leave all of your coconuts with someone else or keep them yourself? Durp you'd keep them in you're hut with your 18 children defending it. Maybe it's not the best analogy but that's what I always come back to is its a way to store your own wealth without having to worry about banks or keeping a stack of cash under the matress.
I also hope when everyone around the world starts using it we can be the people that say "I've used bitcoins since 2015" or whatever year you got into it. "That's why I have $500,000k worth of bitcoins." I'd love to say that to someone (that I knew wouldn't torture me and kidnap my family members for 500k rofl).
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1605
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Economy / Speculation / Re: is it time to start seriously talking about a $5000 BTC
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on: December 03, 2016, 05:32:23 PM
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we're at $770... $1000 coming soon.
Is it time to start seriously talking about $5000 BTC in the next 3 years?
No it's not! Why not before we break the actual ATH, build a new one and consolidate somewhere between these two. Then we may can start to seriously talk about higher prices. Right now I don't believe this is useful. Let's do things step by step. Lol just read the title and went with it eh buddy? *snaps fingers infront of your face* in the next three years champ. Also, what the hell are you talking about let's do things step by step? What step? It's a price that the market decides. There's no next step that we need to take wtf. Unless you are about to single handedly buy enough bitcoins to bring us up to $1000 that makes no sense at all. |
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1606
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Bitcoin / Bitcoin Discussion / Re: bitcoin transactions - Slow OR Fast
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on: December 03, 2016, 05:09:40 PM
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is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
Can transactions be seeded up to save customers time or any other way to use bitcoin at local stores.
yes bitcoin transaction is very slow but i think it's better because ensure it's really you or not .and your approval transaction Transactions are instant. So. Ya. The @OP worded it incorrectly. Confirmations take time but the transaction itself is instant. Did you know credit cards take day/weeks to confirm transactions? What exactly is a better, faster method than bitcoins? Send an appropriate fee and it'll be confirmed in the next block. If you're too damn cheap then you deserve slower confirmation times. |
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1607
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Other / Beginners & Help / Re: what is the most recommanded wallet having fastest confirmation time?
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on: December 03, 2016, 04:53:59 PM
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It's 100% completely not about the wallet. Stop using blockchain.info because they're pieces of shit and will steal/lose your bitcoins but there is no faster wallet in terms of getting a transaction confirmed.
If they have a dynamic fee you need to choose a higher satoshi/byte ratio. Right now over 100 should get you confirmed in (worse case) a few blocks. It totally depends how many transactions there are for that block though. It sounds like your fee was below what would have normally been recommended so that's why it was slower to confirm.
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1608
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Economy / Speculation / Re: is it time to start seriously talking about a $5000 BTC
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on: December 03, 2016, 04:50:27 PM
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The key is stability, BTC has reached $1000 before but never stabilised for a significant period of time.
If BTC stabilised over $1000, I would say it's possible, although other factors are involved and have to be considered
You're right. I wouldn't actually even say we were over $1000 before... it was mostly gox fakery. Today's ecosystem is much more decentralized as far as price discovery. That's true. It was just a big pump then a huge dump so it's hard to compare that to now when there's been such a steady rise in price. Also there are a lot more people that know about bitcoins and are investing so the price is based on lots nore people around the world buying regular amounts rather than a whale buying a ton then when the price hits what they want they dump. |
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1609
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Economy / Economics / Re: Passive Income
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on: December 03, 2016, 01:44:52 PM
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Bloggers earn a lot of passive income from affiliate marketing but it also takes a lot of hard work before they start making good money.
There's too much competition in this business since 2010, when people see the potentials on adsense people flock for its opportunity and this includes affiliate marketing. Now its saturated. It's supersaturated. If you like blogging then go ahead and blog but you aren't going to make an income from it unless you blog about something that a lot of people want to read and you're the best/most popular blog out there. It's a tough business if you're going to try and live off of the I come and you'll only make a decent amount after years and lots of repeat clients coming back. |
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1610
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Economy / Economics / Re: The Illuminati thinks Bitcoin is better than gold
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on: December 03, 2016, 01:41:08 PM
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Are they(Illuminati) real? I have seen videos in youtube but I cannot believe what they are saying really. What would be the implication if they believe bitcoin is better than gold?
Are they real? Sure probably, whatever. What would happen if they say bitcoins are better than gold? Not a whole hell of a lot rofl. They don't run the world economy (whether they think they do or not is irrelevant). |
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1612
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Economy / Speculation / Re: cryptocurrency
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on: December 03, 2016, 03:50:08 AM
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Hello all
I am new in cryptocurrency's trading so I would like to know from where and how I can know where it is going prices (down or up) and can I read charts
Thank you
I use coinmarketcap. It shows a ton of different cryptocurrencies by market cap so it's very easy to see the comparable trends right next to each other. |
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1613
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Bitcoin / Bitcoin Discussion / Re: BitCoin Friendly Countries
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on: December 03, 2016, 03:48:20 AM
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I thought my country is one of the top 10 because a lot of crypto currency groups are my country man and we have a site where we can exchange bitcoin to our local currency I guess we are still a long way to go to become a bitcoin friendly country . Huh in Canada it's just looked at as intangible. I'm reading up on it more now. I never really thought of the different legality for different countries. I'm curious to see what I'm doing right or wrong. |
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1614
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Bitcoin / Bitcoin Discussion / Re: Buying Drugs with Bitcoin ?
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on: December 03, 2016, 03:44:18 AM
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Yes that is a good point but we are all responsible for our own actions at the end of the day.
The harm effect on other people from ones drug use are normally associated with the drug user having to find the money to purchase illegal drugs, if the addict could just go to the local chemist and pick up what he needs then he would not be harming anyone but himself and even that is debatable .
Sure, it would break the chain. The drugs would be more affordable and easy to get in any pharmacy, less people would resort to theft and borrowing from gangsters to fuel their addiction. They'd be getting pure product instead of some unknown and sometimes deadly chemicals. Gangsters would lose their main income and governments would get more money from taxes. Yeah but you are missing the point. The governments don't want to stop drugs. They don't want to stop people from doing drugs. The "war on drugs" is big business. Police get to buy cars, guns, bullet-proof vests. Judges and lawyers get paid to take the cases to court. Private companies get paid to build the jails, house the prisoners and give kickbacks to the state. The "war" will never end. Just like the "war on terror". It depends on your government. There are some that don't care about drug abusers and just let them do whatever they want. It's almost as if saying, "It's their body and they're the one responsible if anything bad happens to them." There's also some that banned drugs and then pretend that they're doing something about it but they only raid the ones that have big business in selling/buying drugs. There are also some that are really active that raids even small time drug sellers. Nonetheless, I really think the control in drugs depends on the society and not on the government. If people would report the drug users they know, then the police would surely do action. Some people even when they know drug users, they don't report it because they're friends with them or they're family. Let's not put all the blame to the government while you're just sitting there in front of your computer doing nothing about the said problem. There are also countries with great health insurance that would never let harmful drugs in because in the end it would just cost them more to fix you once you're all screwed up and dying from an OD on some crazy drug! |
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1617
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Economy / Speculation / Re: BTC keep rise again...
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on: December 02, 2016, 03:32:46 AM
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Who is driving the price up right now?
Are people in India starting to panic and grabbing BTC to try and hide their wealth?
Chinese miners trying to corner the market?
I'm actually surprised the price is going up so soon to Christmas. People in the west are spending all their money on presents and travelling for the holidays, so I would assume its buyers in the East- asia specifically, driving the market.
It must be the east. I didn't buy any bitcoins recently so it must not be the west  haha. No but seriously I can't see people investing before Christmas. It's just not how the masses work. Going out on December 15th to get a loan, now that's how the masses work (or hell, why not just put it on credit cards. Santy Claus will make it all better). |
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1618
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Economy / Economics / Re: You should never trust banks
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on: December 02, 2016, 02:09:50 AM
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First, people confuse bank's business with jurisdiction. Banks are not law enforcements and do not conduct criminal investigations or press charges. They have zero knowledge of how did you get the money and don't care. How can you tell which is illegal from a bunch of transfers? All they want is to fool you into hand your hard earned money over to them then they will use your money to gameble for higher returns. Many banks even assist criminals. "Behind every great fortune there is a great crime", goes Balzac. Banks are criminal themselves. My case is a bit extreme, but it is crucial to raise alert.
But what was the logic in their eyes? Did they assume you were laundering money somehow or what? This doesn't make any sense. Did you not get a detailed outline / timeline from them either on the phone or via mail? Jeez Louis I'd say get used to bitcoin because that's all you'll be using from now on to store wealth I'm sure!! |
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1619
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Bitcoin / Bitcoin Discussion / Re: Can I create a private Bitcoin blockchain?
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on: December 02, 2016, 02:06:01 AM
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Is it possible to make your own private blockchain within Bitcoin itself? (separate chain) I know that I can do this with Ethereum, but for Bitcoin it has taken me quite some time to figure it out. The private chain would be more like a separate chain to make BTC transactions out of its main chain and test certain capabilities of it. If this can be accomplished with Bitcoin, then it would be great.  Huh? Why not just use testnet? If that's all you're trying to do is tests then I don't see the point in making your own separate chain but hey, do whatever you wish  |
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1620
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Economy / Digital goods / Re: Selling 1 X 250$ Amazon
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on: December 02, 2016, 01:54:26 AM
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Hello mate I use local bit
Question
Does 95% of newbies look to make a quick buck
Can't sell nothing without grief
Normally yes. Not all but most. It is agrrivating when they scam you. Never go to that side. Exactly. There aren't a ton of scammers around here that make new accounts every time they scam someone for a few dollars (hence they are always newbies). That's why newbies get a lot of grief here. If your accept escrow then you're fine. I'd suggest an escrow on this forum because I don't know the first thing about localbitcoins but maybe that's just me. |
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