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461
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Economy / Gambling discussion / Re: Any advantages from gambling?
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on: February 23, 2016, 04:11:32 PM
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There are advantages. But people dont see it. But you will lose always more than you win, that is logic so is gambling made.
Gambling is very bad, but if you win you can be rich. But to win you must be really lucky and that will not happen for everyone.
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462
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Economy / Speculation / Re: We are down again?
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on: February 23, 2016, 04:08:35 PM
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We are a little bit down I think. The value must rise soon. And that will be good for the future. I hope that more people will also Bitcoin so they can sell it later.
You never know what can happen, but if you have a quick look you can see that the price is now rising slowly.
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463
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Economy / Economics / Re: Negative Interest Rates
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on: February 23, 2016, 04:05:38 PM
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This idea doesn't work... so you take out credit, and you receive interest on the credit you take out? That doesnt' make any sense. Also it would mean when you deposit money to a bank your savings decrease... Which means that everyone would be trying to take out loans, and nobody would be offering loans. Which would not work at all.
The negative rates are only charged by the central bank to the banks, not to consumers (because the banks don't pass the negative rates on so as not to alienate customers). So the theory is by penalizing banks for holding money by charging them interest to do so, they are incentive to loan it out instead, thereby creating economic activity and spurring the economy. Which is why banks are speaking out against NIRP; they get charged and consumer demand is still on life support. Banks were borrowing at 0% and getting paid to store their excess reserves with the government. But the crux is that there is very little appetite to borrow to the level needed for a consumption driven economy. There is no recovery. That tide has gone out. So the CB NIRP is the trial balloon for introducing NIRP to the public; once we get 'used' to the idea and the world doesn't end, it's coming. And NIRP won't necessarily mean people begin to spend, an example being the report in Japan that sales of safes have skyrocketed, pre-empting the move. I think Bitcoin is now becoming more popular and that is also good for the future. The world is now more becoming digital. And I also hope that Bitcoin will have a great future and that many stores also accept Bitcoin. |
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464
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Other / Off-topic / Re: Bank or Bitcoin Wallet?
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on: February 23, 2016, 04:02:55 PM
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They are both good to use. But I like the online wallets more. I hope later that more people will use the online wallets, it is easy to use and that is quite good.
Older people need normal banks, because they dont even know what Bitcoin is and that is why they use normal banks.
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466
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Economy / Speculation / Re: 400$ was the top
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on: February 23, 2016, 03:56:58 PM
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It is indeed rising slowly. It is a old topic indeed. But I hope later that the value will rise for a long time.
Last week it was good to invest I think. Then you can have a lot of money in the future. It is hard to predict for what is going to happen.
When it rises slowly, it means there is some actual need for the bitcoin to be used generally. If too fast, just a pump and dump. Price stability is the key to the success of bitcoin. If the price is too volatile, many people will not use it. funny thing is that the stability it is done by the people, so if they want more stability they must buy and not wait for the market to be magically stable... besides this no market is perfectly stable, because of manipulation I am contributing to the stability of the market and the price rise as I hold most of the mined coins. It is not. It is now higher than 400 and that is so good. I hope it will rise for a long time and that many people are happy. I hope that we can all sell it with much profit so we can have more money in the future. |
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467
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Other / Off-topic / Re: Do you actively spend your bitcoins?
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on: February 23, 2016, 03:51:24 PM
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It is not so smart to spend your Bitcoins now. I think that will be not good for your money. The value now is quite low.
You can better sell it when the value of Bitcoin is more worth. So you can sell it in the future with much profit.
Can you tell the people here what is the right price to sell coins? You know you can make profit by doing the buy when dip and sell when there is a profit method than holding coins for a long time. You can do hold while at the same making profits without waiting for the right price to sell. Any person has his own opinion about the right price to sell. I think if the price does not reach $1600, do not sell. Lol if you want to waiting price reach $1600. i think you will not sell your coin for 5 years and more I am not doing that now, that is not so smart. I hope that it will rise for a long time in the future so we can get some profit. But you never know what can happen in the future. We hope for the best. |
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470
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Economy / Speculation / Re: Unable to break $400
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on: February 23, 2016, 10:10:29 AM
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well, we broke it, more than 400$ now, 437$ to be honest at this moment, and it's actually a good thing, bauce it will go over 500$ soon
yup, $400 was broken already and it is still moving up little by little, at the end of the week, I hope we could sustain the price, if it did, then the price is really stable at $400+.. Yes indeed it is already broken. The price is now very high so it should be rise more and more. I hope also later that we can sell it with profit. But you never know what can happen in the future. But I think that more people will use Bitcoin and that more people like Bitcoin in the future. |
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471
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Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon?
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on: February 23, 2016, 10:04:54 AM
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There will always be a need for some kind of fiat. So no, it won't happen.
Maybe there will be no fiat in the future. All the fiat will be in digital form. The Chinese government is going to issue a digital currency. No that cant happen. The price is now going ups so that will not happen that fast indeed. Many people also need some normal dollars. Of course Bitcoin will be more popular now and more people use it so that is good for the future. |
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472
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Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Dollar
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on: February 23, 2016, 09:55:55 AM
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Dollar is more used I think. But that will change in the future I think. I think later in the future that more people will use Bitcoin.
And that the world is becoming more digital and that will be good for Bitcoin. You never know what can happen in the future.
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474
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Economy / Speculation / Re: Bitcoin value is 440+
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on: February 23, 2016, 09:42:03 AM
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The climb seems steady and slow- a good sign. I think we will see it within +-10 for a week or so before going up (or down?)...
I expect we finally see a small correction, to check the recent price rise. We would be much wiser then, what are the current support levels. My bet is $415 can be seen as a new bottom, to substitute $350. and here comes the correction I was talking about yesterday. We are in the low $420 at the moment, let's how the test of $415 looks like. If $415 is broken the whole recent rise would be cancelled and we are back in the channel $350-415, probably going back to $380. But I think $415 should hold. Yes I am so happy for that. I hope it will take a long time time to bitcoin that they are going to rise. But you dont know when it is going to stop or something it is hard to predict. |
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475
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Economy / Economics / Re: Sell Everything?
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on: February 23, 2016, 09:34:29 AM
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Selling everything right now would be a stupid thing to do. I for one believe the price can go both ways, even now.
But since momentum is building up, a upwards stream is more likely to happen.
Yes it is. It is not so smart to sell it now. The value is now very low indeed, and you never know what can happen later in the future. We all hope that the value will rise soon and that it will be for a long time so we can sell it with profit. I hope all of you sell your bitcoins now. Its now not so smart to sell your Bitcoin. I hope later that more people will sell them and that more people will use them as well. The value now is not so high now to sell the Bitcoin. But if you wait a little longer than maybe the value will rise in the future. So than you can sell it with profit. |
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476
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Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear?
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on: February 23, 2016, 09:22:53 AM
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Bitcoin cant do that. But it banks reduce and that will be bad. Most people need some normal banks too and that is good.
They dont even know what Bitcoin is. So that is difficult to delete the banks. Bitcoin will be becoming more popular in the future.
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477
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Economy / Gambling discussion / Re: Gambling problem
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on: February 22, 2016, 02:56:32 PM
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Most people that is gambling has a gambling problem, and is not good to have that problem. You must control yourself.
And most people can control themselves and that is not good. Otherwise you must find some distraction.
Its true, its all in your mind you just have to control yourself from gambling, its your own choice you have to do it by yourself and no one else will do it for you. So if you want to stop you have to start by yourself, believe in yourself and speak to relatives about it. |
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478
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Economy / Speculation / Re: Bitcoin will be stable in 2020
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on: February 22, 2016, 02:51:11 PM
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The bitcoin can be stable at that year but it can also be sooner if that market stays growing and the price will also its possible but the point is that the bitcoin is pretty unpredictable so we have to wait for it.
I think it will be sooner than 2020, I think it will be stable at end of 2017.
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479
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Economy / Economics / Re: Is Bitcoins safe?
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on: February 22, 2016, 02:46:08 PM
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Bitcoin is one of the safest payment methods there is available on this world this time, if you want to be secured you can use multiple wallets that's the only thing you have to keep in mind.
I think its very secure if you do nothing stupid with your wallets or something like investing in someone(scam).
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480
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Bank???
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on: February 22, 2016, 02:41:09 PM
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I don't really understand what you're getting at. People that use bitcoin probably wouldn't want a bitcoin bank because it destroys the decentralized nature of bitcoin. And also if you have your own wallet and address, you can be your own bank.
Exactly! We don't need no banks for Bitcoin we already have enough of them for fiat. Since Bitcoin goes up with time (in long-term anyway it does) just holding your coins is much better than putting your fiat in a bank. If there comes a bitcoin bank it will destroy the bitcoin for good, the bitcoin is for self control not to be controlled, it would be very stupid to have a bitcoin bank. I hope this will never happen the bitcoin will disappear if that is happening. |
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