I wouldn't say that it is the exact reason why bitcoin is valuable. Bitcoin is valuable because people buy bitcoins and nothing else. We're the ones giving bitcoin values. Those are just the basic use of bitcoins.

Altcoins, for example, can do that as well. There are altcoins that are worth 1 satoshi yet they can also send, receive, and store value in a decentralized way. You can even send altcoins faster than bitcoins but look at the price of some of them. The reason why it's so low is because people don't give value to that coin. They simply don't buy it so the price is like that.

Just like you said, we don't know what would be next. When you bought at $752 per coin, you're still not sure that you're going to have negative profit since we don't know what would be the next market movement. The whole thing is a wave. Those who bought coins at $900 might be thinking that the price will be increasing next. The very same mindset people that bought bitcoins at $752 has.

Anyway, there's nothing for people that are in negative profit to do. All they can do is wait. You said this whole thing is a wave, let's just wait for the next wave that is high enough to reach more than $900 for us to get profit.

But the problem at hand is that the Chinese people are dumping their coins because of their bank or something (I don't really have any deep knowledge about it at the moment) and that has caused to make the price went from 1100$ to 760$+. Even when there's an increase in the population, it will be overcome by the dump of the Chinese people. I know that they aren't done dumping their coins yet.



You have waited for few months yet you bought bitcoins in the 800$ range? Few months ago, the price of bitcoin was just around 480-600$ depending on which month exactly did you start waiting. You could've doubled your money by now already and just buying some more bitcoins for the next price increase.

"I know how to do the work and here's my proof." *hands out diploma*

Having a degree would mean that you have the necessary knowledge to do so but sometimes it's not always the relevant information. Sometimes the relevant information is your experience, but having a degree is a good start.

Maybe in first world countries, they can get hired easily on the jobs that they want as long as they can do it and they have experience. But in third world countries, someone who has graduated college acts and behaves much much better than those who don't.

College might not be for everybody and graduating college doesn't assure you good job and all but it would really really help you throughout your career. 1BTC would be something that's easy to earn when you got qualified to a good job mainly because you have a degree and experience.

Nope, bitcoin isn't bigger. Our population is much less than the population of the Paypal users. Average person would always prefer using Paypal (here's why) and a techy guy would prefer bitcoin since he would always have time to study bitcoin in depth. If bitcoin was bigger, it should be being accepted as much as (or even more) Paypal. It's not going to change soon imo.


And will continue to be like that at least for another decade imo.

That is true but how about what you're going to say to the person that's talking on the phone? Without a college degree, you wouldn't understand when they started talking about business. These secretaries actually have really good skills even if you think all they do is take notes, manage schedules, and answer the phone. If it was so easy, they should be hiring an uneducated person instead since that would make them save a lot of money.



That's actually possible if you're relevant on the internet or if you have a really huge audience on your bitcoin-related website for newbies looking for faucet sites. Along with ad sense, you can use your faucet referral links.

Bitcoin only needs blockchain to exist. All these exchangers were established after a while when people were already mining bitcoins. Bitcoin used to be a P2P currency but we have exchanger now but that doesn't need that we need those for bitcoin to exist.

In a zombie apocalypse, gold and bitcoin (or any currency) would be both invaluable. What would be valuable are guns, foods, shelter, safe place, cure for the virus, etc. You can't eat either gold or bitcoin. It's not a means for survival. People wouldn't be needing luxurious stuffs (gold necklace, etc.) when there's a zombie apocalypse.

(I watched the Walking Dead right from the start so yeahhh.)

Either conduct your own research and see which one you like or hire a professional so you'll know which one's best for you. They know what business to open up in a particular place.

"Direction is so much more important than speed. Many are going nowhere fast." This google quote suites you. You're working every single day for no particular reason. You don't have any visions. With no particular plan/direction, you'd end up just running around the same place. Maybe spend less time on your work and then get back to work later when you finally have some plan to work for.

How about thinking of what efforts have you done to keep your account safe and secure? Is your password even secure? Does your PC have no virus?

Your Paypal account will only get hacked because of you and not because of Paypal's security. If they have low security, then hackers should've hacked Paypal already. But they haven't, that's just proves that Paypal's one of the many sites that have tight security.

How else are you going to verify an account that involves money? Even exchangers that lets you convert your bitcoins to fiat requires an ATM card.

Get one. Paypal wouldn't go extreme efforts to get the necessary papers for you to get a bank account. You'll need it when you have a job anyway.

It's your fault. You broke it. There's an agreement ("Have you read the Terms & Conditions?" That's exactly what they asked you when you were signing up.)

In so many ways, yes. But not in the way you put it.

Not entirely wrong but.. (here's a long post)

The number of transactions being made in Paypal in a day proves that a lot of people (buyer or seller) prefer using Paypal. In Paypal, you can simply connect your ATM card and then that's it. You can start paying for anything you want to buy on Amazon, eBay, etc. It's intuitive/user-friendly/noob-friendly so the majority of people like it. Thus, there are more buyers and sellers that use Paypal.

Since there are more sellers that accept Paypal, then that acts as one huge force to make someone who wants to buy something online use Paypal.

And since a lot of buyers are in Paypal, newbie sellers would prefer using Paypal too (regardless of its disadvantages). What they need is audience. All these chargebacks will be battled by them along the way but it shouldn't bother them in the start. It's not on their mind when they were signing up.

When it comes to bitcoins: It's decentralized, fast, and low-cost when it comes to transactions. But all these things do not bother a normal consumer. When they see that they're going to pay, like, a dollar or two for the transaction fee in Paypal, they wouldn't actually mind it. People don't care about these things that much, okay? People like to spend a lot of money when they're shopping most especially when they're buying online because people want to act as if they're rich (even if some aren't) so transaction fees wouldn't bother them.

(so that's my explanation why a basic consumer would prefer Paypal and why sellers should prefer Paypal)

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The only people that sell stuffs that will prefer using bitcoins are the ones that sell bitcoin-related stuffs (i.e. physical bitcoins, bitcoin collectibles, etc) since their buyers would prefer buying using their bitcoins (since they have it).

Then quit. It's that simple. Unless the campaign manager is willing to change that rule from 10 posts to 15 posts (since 15 posts is the minimum to qualify for payment). Sudden changes like this really affects those people that have applied already a lot. But, as a participant, you can't do anything about it. You just have to quit if you can't do the job.

You can. That's the point. This isn't a problem, atleast now. Let's just assume that you can't convert your coins to cash using a bank account. Then it's okay. Just look for a buyer of bitcoins and you can gain profits by doing so since you can add some "transaction fee" or something. You can also look for people that wants to buy some thing online but can't because he doesn't have bitcoins. Buy the item for them and then they'd pay you in fiat. Simple as that.

Like what I said, there are other ways to cash out besides cashing out thru ATM.

How is that an advantage of bitcoin over paper money? Paper money don't need transaction records too and it doesn't even require Internet connection. You just give him your paper money, he says "Thank you.", he hands you the item, and then that's it. A bitcoin transaction would require a mobile phone, scanning QR code, and then putting the amount of bitcoins, and then waiting for an average of 10 mins for the transaction to get processed. Not to mention if the location of the shop doesn't have Wi-Fi, in a remote area, or doesn't have a good signal reception.

That would work. People want to be "in". People want to follow the trend. Simply saying that it's the "thing" right now will get them hooked in the idea.

I think it's a good thing that we're living a life where bitcoin is still in its early age. That means if bitcoin is a success in the far future and you've invested today, you'll be one of the rich people of the world. I think gold is valuable too and can be made profit of when you buy and sell it in small scale. But I don't think gold is for everybody. I mean, only rich people make good amount of money by holding gold because they hold a lot of it. But in bitcoins, even peasants (like me) can earn from it.

It's not necessarily "required". There's no forum rule about it but having an escrow would attract more participants and would prove that you're not going to run away after making participants of your signature campaign advertise your company for a week.

Would you rather do it by yourself? It's not that hard to send all those money since you pretty much would just copy + paste the address and the payment amount of the 200 participants. The campaign manager will give you all those details.

You can hire Lutpin to hold coins just in case you run away. He doesn't have to pay all the participants. He's going to pay them only when you run away.

I don't see anything at all. This thread being a self-moderated one might raise suspicion to a lot of people, though.

I think so too. They're looking for 200 participants so I guess this has a good initial funding (compared to some other ICOs) and wants a really good amount of audience. Thanks, btw.

I can't put "Y" to the escrow status right now, though, since it's not yet posted.

Nope, the location of the company doesn't guarantee your safety. If you really can assure safety if the company is US based, then HYIP sites would just pretend that they're from US and then everyone will be so attracted to their website. It doesn't work like that. There are HYIP sites that has put US in their address but it doesn't add any legitimacy or guarantee in the website itself.

That logic only applies to actual companies that have an actual license/papers, office, workers, etc. (basically huge companies) and there's relatively not that much in the bitcoin world. A lot of fake companies can be found on the Internet and you can't personally confirm if they have an actual office/workplace in the US unless you live there.

The highlighted parts sound like a total newbie plan to me. Use the power of the Internet to invest in "some sites" makes me think that you're headed to becoming one of the many victims of HYIP sites. I would prefer just buying bitcoins and then letting them sit there for a couple of months and sell when the price has increased significantly.

Gambling wouldn't help you as well. Go to the gambling board and everyone's just whining about how they lost all of their money in gambling and how much they regret doing so.

Most probably the news is saying that the economy is improving because they're looking at the whole economy and not just the economy in your particular area. There's a lot of beggars in your place because poor people tend to reproduce more (yes, that's a fact). Even though they can't feed a single child, they tend to make much more than 1 kid. And that's why there's a lot of beggars in your place. When you parents are both beggars, you'll be a beggar as well. That's basic traditional economy and it's really hard to get out of being a beggar. Not that I experienced it, just simply thinking about it.

The protection of bitcoin network? How about a big NO for that?

If hackers could possible crack the network, why do you think they target big exchangers instead? It's because they simply can't crack the network. They also can't use our private keys since we're all already dead before they can even find a particular adress's private key. Hackers hack you through your email, through your phone, or simply just do social engineering. That's how they would steal your bitcoins, not by "cracking the protection" or w/e.