Either you meant 3-5% return after a couple of years or you're talking about a ponzi that's based on fiat. The only "legit investment program" that we can all rely on is the bank's time deposit system which gives you 0.5% to 1.125% profit annually. Think about how low that is.

3-5% return daily will give you an ROI in 20 days (5% rate) to 30 days (3% rate). That sounds nothing but a ponzi site to me. It doesn't have any difference at all with the ponzi sites that use bitcoin as payment.

Still, the price increase in bitcoin is still much much better for investment. You can pull out your money right away and you'll maybe lose a couple of bucks.

Wouldn't it be a shame for something which value is based on its utility to just be used for a scam like MLM. Sure you can make good money from MLM, but only if you're going to scam tons of people. It's not just going to be 10 people but hundreds of them. MLMs have been there long enough for people to be aware of its mechanics and help themselves from getting persuaded/manipulated by some guy.

There's tons of opportunities in the bitcoin world and I'd like to say that MLM is one of the worst ways to earn money.

That's simply scarcity which we already have by now. The supply of bitcoin isn't limited and even when the block reward is very small to none at all, there will be a decrease and increase in the demand. That makes bitcoin have an unstable price like we have right now. But the difference will be it will be more and more volatile since there are bitcoins that gets stuck in a wallet. Like when people hold their coin for a long time or when the owner died or don't have any access with his wallet anymore.

When the supply of bitcoin has stopped right now, people will start holding their coins. Making bitcoin more volatile. And there will be more sell order once the price has increased drastically.

I can only do Personal Message since my campaign requires us to wear their avatar.

Personal Message should include a link. (Read OP)

I kind of don't think that the popularity is the problem, but rather the user base. Almost everyone that's using bitcoins also know of ETH, Dash, and LTC, or any other major coins. They've heard of it and probably even know how they work but they are not using it. Altcoins are also pretty popular but people are far too loyal with bitcoins to get out of their comfort zone and start using an alternative coin.


If bitcoin won't last forever, what will? Most altcoins are based on bitcoin's concept. Try looking at altcoins and see how many of them die every single day. Bitcoin is still the strongest one, as of now at least.

Not sure how is a smartphone and an Internet connection a big deal. I'm not just thinking of major countries like USA but third world countries have a pretty decent Internet connection. Even when you have a quite slow connection, using bitcoins don't need that much Internet usage since you're basically just sending a response that you're about to send bitcoins to another user.

Bitcoin is definitely possible to become an international currency. If bitcoin grew that much, then the technology probably has already grown much more than what we have right now. By that time, someone has already thought of a way to put an Internet connection to civilized places. There's basically no point to put an Internet connection to undeveloped or uncivilized places since there will be not much people transacting there.

Anything that has a public market where people can post if they are buying or if they are selling that item allows you to get rid of the item pretty quickly. You simply dumped your coins. That means you sold your bitcoins to someone that has a buy order. But since the transactions are almost instant here, it's one of the quickest assets to sell. Even other assets or even stocks from a company can be sold pretty quick especially if there's a buy order or if you're selling it for quite a low price.

As a matter of fact, you can even use bitcoin (just like other assets) as a way to pay that thing you desperately need money for. It can serve as a money right away.

Bitcoin is not taxed but the sales of your company will still be taxed. You're going to pay the exact same tax regardless if you sold your items in bitcoins or in fiat. There's no chargeback but the transaction time is not instant. You can't close a deal right away. And you can't just say that even without confirmation, the transaction is already done. This is probably the problem that lead other merchants to change their mind about accepting bitcoins. There's also the micro-transaction problem but this problem can be solved by using a different cryptocurrency.

We can never guarantee the increase in bitcoin's price so we can't actually use it to persuade the merchants. When the price of bitcoin goes low, the scenario will be them blaming us and regretting the decision of accepting bitcoins.

It's pretty simple. They are going to accept it just like the same way they accept different fiat currencies. If they are going to allow you to withdraw your bitcoins in fiat form, they would have to convert it using the current sell price. This is basically what the exchanges are already doing. The banks will be the same as exchanges where you can put different types of currencies. Maybe even different cryptocurrencies as well like ETH.

And of course you should also have the ability to withdraw your bitcoins in bitcoin form. Meaning you would have to provide a bitcoin address.

Educate people is what the government doing for quite a while now. Apparently, many people chose not to do so. Tons of teenagers have the money and the capability to finish college but they don't. We are so pre-occupied by other stuffs. There's far more distractions and addicting stuffs around us that we start wasting time and money on trivial stuffs.

There will always be people living in the streets, selling stuffs just to eat even once a day. There will always be people that cannot afford education even when there's no tuition fee. Of course these people will do their best to earn money to be able to eat first before they start educating themselves.

And even when every single one have learned how to use the internet and can use the internet, people aren't going to do such thing as making themselves knowledgeable about bitcoins unless it's required to do so. For example, if fiat was gone and the only way of transacting is through bitcoins.

If you take a look at it, at all market that are zero-sum game, the weak and unfortunate ones loses money and those that are clever enough to take advantage of the situation are the only ones that really make money. For example, in an MLM that's built by referrals, you can simply go to a place where people don't know about MLM yet or a place where there's not that much MLM companies yet.

I really believe that people that are an upline of a certain city did this. They came from the city and then moved out to the province just to earn money from their MLM scam.

Multi-Level Marketing is kind of a genius plan to make a company work since there will be many sellers in a company. Unfortunately, people turned it into a ponzi scam which is kind of what we should expect.

I really doubt that there's ever a secret money making method to be honest. Almost all methods are laid out on the Internet and most of the secret methods are inevitably going to be out on public in no time. There's e-whoring, phishing, and other black hat money methods that people don't know about but it's not totally not a secret. A simple google search will link you to a place full of tutorials on how to do these stuffs.

0.1BTC is not a huge amount of money. You can earn this amount of money by white hat methods like a combination of signature campaign, trading, ICO bounties, etc.

That's the problem. In this forum, people barely agree with each other. When the majority of the users here have the plan to manipulate the price, someone will probably ditch the idea and take advantage of the plan. If we are planning to dump the market, he's going to sell before we dump it so he can re-buy for a much lower price when the dump has been executed. The same thing when we're thinking about pumping the market.

I wouldn't participate in such activity for this very reason. Anyway, the power of us all combined together is just equals to one whale unless, of course, if there are big whales that's going to participate with us. Maybe we can be a whale in an altcoin market but I doubt it when it comes to the bitcoin market since the market cap is around 21 billion USD.

I think it's neither. They are doing it just to experience that pleasure of being a troll on the Internet. They are not making money but they are able to get a good laugh thinking about a newbie that believes them.

But it can also be out of stupidity. Like you always say, "The lack of reason creates monsters." They don't know about the whole thing and just judge bitcoin's technical part based on how they perceive it. If they think that it's about to collapse, then it's about to collapse regardless if bitcoin still has solid foundation.

Someone who wants to throw dirt on bitcoins will do something massive (like blatantly support BCU and say that bitcoin is going down) like the people that they always talk about on Reddit. In the end, it turned out that these relevant people only did throw shade on bitcoin just to get more bitcoins.

I don't think so. There are bags out there that are made of animal's skin and some of them are just 10 pieces all over the world. I didn't know that such thing exists, being auctioned off, and costs millions of dollars until our teacher mentioned it in our economics class. We were talking about supply and demand back then. Maybe it was because I wasn't really interested about bags.

It's the same thing to other people. They aren't interested in online money or anything techhy so probably even when the price of bitcoin has increased this much, they still never heard of it. Maybe by the time when the price of bitcoin has sky rocket and then bitcoin goes mainstream, then that's the only time other people will find out about it.

That kind of market sounds too good to be true. I didn't know bitcoin's price has a schedule that it will drop its price every other day and then go back to its original price.

Just look at the market, it doesn't move like that and it will never move like that. There's no patterns in a market. It's purely supply and demand. It's almost random but it's increasing overall. A market like the one that you've explained will be spammed by a lot of people since they know how it will move. Sadly, there's nothing like that, especially not bitcoin.

This is the very reason why people consult lawyers and business consultant first before they start working on their project or their business. The lawyer will give you the information about the lawsuit that can be filed to you and which parts of the project you should remove to keep yourself safe from the law. Basically just stuffs regarding if the business is legal in your jurisdiction or not.

Business consultants look at your business plan and predict if it's going to work out or not. I know that pushing the business and being determined to make it work will help but having a professional take a look at the project you're going to launch is even better. Sometimes you thought you've done enough research and then the business consultant points out a critical part and just makes you think twice.

People don't just jump on the boat just because they were enlightened about the idea. I can be a bitcoin user but I will not accept bitcoin in my business right away because it has its disadvantages. First, the authority might think that you're trying to avoid taxation.

Second, there's not that much people using bitcoin especially in smaller scale businesses. I'm just going to waste my money hiring someone to make a system for me so I can accept bitcoin as payment.

Lastly, it's just not going to work out for me. Bitcoin isn't a mainstream thing yet and even if a businessman sees an opportunity on how accepting bitcoins might increase his sales, there will be very little to no increase in sales because the number of bitcoin users is quite small as of now.

I really don't think we should be comparing bitcoins to a rare comic book since they are two completely different things. What makes bitcoin have a good price is the fact that it's how much it has increased built by supply and demand. While a rare comic book, although also built by supply and demand, has a very high price because the demand is very few. You don't see bitcoin being auctioned off since you can get it from a lot of places. There's no "artistic vision" or some sentimental value for bitcoins, only pure supply and demand going on.

In a way, the price of them was built by almost the same way - by how much people are willing to pay for it. But the price of something that's auctioned off can get really high even when just there are two rich parties battling to get the item. On the other hand, the price of bitcoin depends on the buy/sell order and a lot of people are having deals with each other.

Bump~