Hey guys, got my DGB share back at 70 satoshi a couple of days ago. Should I buy more expecting to rise on Tuesday? What are your thoughts?
I've decided to use a part of my share for speculation in the short term and leave the rest long term because of my complete faith in the project.
I'd say do whatever your comfortable with. Don't follow the speculation blindly and don't invest money you can't afford to lose. Thanks dotabeard. Of course, that's good advice and my whole investment in crypto and Bitcoin is not a lot by any means but I take it seriously and want to grow it. I guess I was asking for some insider tips without considering we are on a public forum hehe. |
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Did it reach $300? Poloniex had it at $297-98 when I checked my app. It appears the rise is over for today.
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Hey guys, got my DGB share back at 70 satoshi a couple of days ago. Should I buy more expecting to rise on Tuesday? What are your thoughts?
I've decided to use a part of my share for speculation in the short term and leave the rest long term because of my complete faith in the project.
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Incredible really. The recent recognition by the EU must've been a real push behind this recent spike.
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I want to play devil's advocate on this.
This is misleading at best. It dose not take into consideration fees the sender might have to pay to get into the blockchain when dealing with a large number of inputs.
Not all transactions are free nor should they be, fees will go up over time as the block reward is reduced.
Nor dose it take into consideration the time it takes to set up and verify an account with a 3rd party money transmitter (exchange) or the fees those 3rd parties charge for their services.
It dose not take into consideration the chance of said exchanges going belly up or getting hacked, this chance is low but its higher then zero.
People need to stop thinking of Bitcoin as a service and more like a tool.
Currently it is VERY hard to buy bitcoins at a fair market price with low fees. The difficulty of buying bitcoin especially for a new avid user is time consuming and costly.
And finally if were being truly honest with ourselves in most cases the bitcoins will be converted back into cash on the other side and require more 3rd parties taking a cut.
Currently its still faster and cheaper to use Western Union when sending small amounts of money, say... $50; prove me wrong.
What ever the ultimate price is, its sure as hell not one cent.
Exactly, like I said if local bitcoin exchanges services were available and cheap then western union would be dead and Bitcoin will be king, this is a huge market. The problem is that many here are just blind and deaf to many Bitcoin shortcomings (I know many are not actually Btc fault). It's incredible difficult to buy and sell for the common people. Plus there are fees to do that of course, so it's expensive, even more than WU considering the whole process. To sum it up, a big hassle to explain to your dad overseas. Bitcoin tech is amazing, unique and innovative but it is still under development. It just can't find a niche to excel and become the world standard in that area. |
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It has value if that's the question. In my country is unheard of and I can see how I can use it online but it would be much cheaper to just use my credit card or paypal. Buying my BTC was very difficult and expensive so what's the point of expending it?
I treat it as an investment or stock, but not real money. Hopefully in the future it will be closer to a worldwide currency than it currently is.
Even tho you can not use it in every store (unless you're using one of bitcoin fueled debit cards), you still can pay many online services and in many online shops with it directly. It surprises me that it was "very difficult and expensive " for you to buy BTC ; i live in a rather small country and i can still buy it just by depositing via bank account and get it same day, and on top of that - fee's i pay are rather funny and not noticable at all. Well I guess it depends on the country. Every exchange charges either in fees or sell price. Let's be honest converting fiat to Bitcoin to spend it doesn't make sense at all for many of us. I do invest my bitcoin though, I've gain some profit doing crypto trading for example and minor gambling. |
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That's awesome, I'm still trying to get my first BTC. I think how much more depends on each case, to me right now 5 BTC would be an investment that I can afford to lose if things go wrong. We need to understand that in 5 years either it's replaced by something new or it will continue to rise in price like it has done every year (without considering the bubble).
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It has value if that's the question. In my country is unheard of and I can see how I can use it online but it would be much cheaper to just use my credit card or paypal. Buying my BTC was very difficult and expensive so what's the point of expending it?
I treat it as an investment or stock, but not real money. Hopefully in the future it will be closer to a worldwide currency than it currently is.
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I didn't expect such rise from the last days, today it was almost $290 some minutes ago. I was skeptical in my previous post, but now I see a real chance.
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You can all hate Western Union all you want, but the problem of high fees will remain if you need to establish a local exchange office for Bitcoins.
It's all good but if you are in the US or Europe and send Bitcoin to your familiy let's say in Colombia, they can't spend it and as far as I know there is no easy local exchange where you can go. This is where Bitcoin fails time and time again, if this service was profitable and useful for both parties Bitcoin growth will be unimaginable.
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I'm from a third world country and when I travel to "rich" countries I see the difference clearly. Cash is hardly used in shops or even for services. Sometimes the cashiers don't even know how to give proper change. But in my country and many others the trend to avoid cash is also spiking, mostly due to security measures but also and it's fairly obvious, it's much easier to tax and control for the government.
This has nothing to do with Bitcoin or cryptocurrency. It's like saying people are flocking to Bitcoin because they're doing more Paypal transactions than before.
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thinks; "hmmm, Anything Sustainable Worth Investing thread. That might be interesting. I wonder...."
40 minutes later &
15 pages of scam accusations and arguing.
There's your answer!
Lol...you hit the nail on the head, everytime I check an "investment" thread is all the same. It's sad to see that the Bitcoin community (and Bitcoin tech itself) as a whole is part of the problem. It's just very easy to scam people with it. |
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Guys, this is a forum to exchange ideas and discuss. Not every post can be classified as a clear answer/solution and if it fails to provide that then it is spam or low quality. The bulk of them just add to the main conversation while keeping the thread flowing. Like the post I'm writing right now.
However I agree that I've seen some very poor attempts (bad english, grammar, punctuation) that seems to be aimed just to fill up a signature campaign quota. Like I mentioned previously, this is a job for campaign managers to do, they are the ones that should filter out what they feel are useless promotion. These users are actually doing damage to their brand/site instead of promoting it.
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Actually the VAT exemption happens because it's not a "real" currency I would say. However it's definitely a good announcement going forward because of its relevancy and the attention it generates about Bitcoin.
You may have interchanged goods for currencies. Goods are subjected to be taxed--in this case, VAT--if it is bought by a consumer whereas currencies aren't. The only time that currencies can be taxed is when it is a capital gain or an income of an individual (at least in our jurisdiction.) Yes my bad, sorry. |
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Actually the VAT exemption happens because it's not a "real" currency I would say. However it's definitely a good announcement going forward because of its relevancy and the attention it generates about Bitcoin.
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I agree, but we all know campaign managers can't really check every post, so they go for length or just quick check at a glance. I'm not sure how they can improve on that, maybe they should pay more attention when accepting members and reject the ones with questionable past post history.
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Received, very nice site I still need more time to check it but I found my way around without problems.
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This reminds me of those self-help books authors, they are only helping themselves by selling them.
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It's cool that Bitcoin is accepted but it depends on what you sell, virtual goods can be a good niche. But other than that I think it's better to accept as many methods of payments as possible of course.
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I was in your same situation and just recently joined Seconds Trade to try campaigns when I became Jr. Member. I'm very satisfied so far, it was important for me to sign for a campaign that was well respected and advertised a good service. While I generally don't like traditional online gambling I though this was a nice idea and different altogether.
I didn't use any newbies ones, I thought there weren't none but if people say that they don't pay that much maybe they are not worth it.
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