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1021
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Bitcoin / Legal / Re: Money laundering via BTC
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on: January 19, 2017, 08:49:39 AM
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i imagine i have much of money in my account, i called my friends and buy bitcoin, transfer the money, get the bitcoin in my wallet, do it more and more until the money in my account its looks normal like the other people accounts. i think maybe the process is like that, but i wonder, from the money i send into my friends, i think the government will be suspicious because i made big transferred to another account, and maybe i will be investigate.
Usually that is the point where money laundering is being found, when you transfer it from your account. It doesn't matter if you do it in many small amount or you do it in one bulk transfer. You'll only be investigated if you have an unexplained wealth. But if the money is yours and you obtained it in legal way and being taxed then why would government follow you. All this is true in case of Fiat, that government charges taxes on your money and trace in case of big transactions. In case of Bitcoin Wallet to wallet transaction, there is no check and balance. The money can easily be moved out of country once converted into bitcoins. |
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1022
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Economy / Economics / Re: Bitcoin or gold?
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on: January 19, 2017, 08:46:00 AM
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So for me to convert my wealth to bitcoin or gold I prefer to use bitcoin because it is continues increasing value and we can say it now and so if the 10 years come it would be high value.
gold may have stopped for a rise of more than 2-fold, even it sounds impossible, but with the new bitcoin 7 years old of course you can get a big profit, see bitcoin will continue to grow For those people that will make their decisions wiser, they will choose bitcoin. The market of gold is quite slow in progress and those people that can have it are just for those who can afford it. And with bitcoin even this is still young crypto many of us are treating it as a modern gold or virtual gold which has a lot of potentials and benefits. For me, a small investment in bitcoin is OK and more profitable. But if you want to invest very high amount then probably Gold is much better as it is reliable and stable, So there is less chances of being at the losing side in case of gold. |
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1023
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Economy / Economics / Re: How many Bitcoin do you have saved?
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on: January 19, 2017, 08:42:26 AM
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I already save half bitcoin ,and still not enough to cover all my expenses ,cause im only the bread winner of my family, i do work in day and bitcoin in the night for extra income.im saving bitcoin cause i want to enter into trading to earn more btc for our monthly allowance.
We are in the same shoes, i also have daily work and in my spare time im focusing in btc but still not enough. currently i dont have btc saved in my wallet i recently cashout my btc for some reason. now im starting to save again and trade. Yes, getting a full Bitcoin is hard to get as the value is almost 900$. So 900$ is a good amount to get and then save. I had 3 bitcoins at the start of this year but then i sold them earlier this year when price was above 1000$. But now i again started to save bitcoins and will sell the end of this year when everyone is hoping that we can reach 2000$ this time by year end 2017. |
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1024
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Economy / Economics / Re: If bitcoin price is $10.000, will fiat be worthless?
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on: January 19, 2017, 08:37:40 AM
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If bitcoin reaches 10,000 fiat will not be worthless but without a doubt it will bring a lot of attention to bitcoin and new adopters and that could lead to the eventual world adoption of bitcoin.
That's plausible to happen as the price of bitcoin is going to keep on increasing fiat will remain. And for sure people who are really going to be amazed with the price of bitcoin if that happens will adopt it instantly and hoping to earn 1 bitcoin hardly. Fiat will not be worthless but yes, it will going to attract a lot of new people and users. Not really user that we are going to attract when the price of bitcoin is worth $10,000 but people who wants to take advantage of its price... Most of them will be for the profit even if they really don't know what bitcoin is, as long as they could earn from this... Later on they will still be cashing out to fiat... World adoption of bitcoin won't happen that easy and not even when the price reached $10,000, it will take time before the world learn to like bitcoin. I dont understand the logic of bitcoin reached to $10000 and fiat becoming worthless. So basically we are comparing Fiat will bitcoin so if the Bitcoin reaches 10000$, people will dump it to get the Fiat, so Fiat cant be dead unless forcefully announced that Fiat currencies has no value and bitcoin is the only source of transactions. |
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1025
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Bitcoin / Bitcoin Discussion / Re: Can I store my Bitcoin in My computer ?
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on: January 19, 2017, 07:14:08 AM
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You can store your Bitcoins on your computer using hardware wallet but I.don't know how clever that is. If your computer get infected with some virus or similar your coins will be endangered too.
There is no wallet with absolute protection so to avoid th complete damage I would split the coins in multiple wallets, icluding online, hardware and others.
Well, storing coins on online wallets is even more risky as you do not have the private key and it the Site goes away, all your coins are lost. On the other hand, if you have desktop wallet on your computer and you have saved your private key somewhere like paper etc, then no matter how many times your computer crashes, your bitcoins are safe always. |
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1026
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Economy / Economics / Re: The dream of getting rich with bitcoins
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on: January 18, 2017, 03:39:00 PM
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I am sure that the dream will come true for many of us. We all are trying to do the same with bitcoin. I personally want to buy a superbike with my bitcoin savings and with the blessings of God, I hope I will be able to do it within a year or so.
Best of luck with your dream of buying a superbike with bitcoin. I bought a motorbike last year with my bitcoins and to be honest, it is a great feeling to ride on it and think that it is earned by your own self from internet. I don't really have any dreams of getting rich with bitcoin but i just want to have something in future so i'm saving some. There is no difference of getting rich via Fiat or via Bitcoins. If you have money and good investment plan then you can become rich and once you become rich you can get motor bike / motor cars etc. The thing which most people miss is converting your dream of becoming rich in reality by working hard and remain focus on your Goal. |
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1027
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Bitcoin / Bitcoin Discussion / Re: What would happen if BTC was Banned?
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on: January 18, 2017, 03:30:33 PM
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Definitely a lot of people sad, including me, this time bitcoin is third earning after work and online sales. I have also purchased 2 units S5 for mining, of course, if banned my tools will waste to trash.
You dont need to be worried. Bitcoins is Online , so no one can ban it. What a government can do maximum, is stop the local usuage of the coin. But then again you can use it online and get benefit. Just a simple answer to the OP, BTC CAN NEVER BE BANNED |
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1028
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Qtum] UTXO based POS Smart Contract Platform|On Coindesk & Bitcoinmagazine
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on: January 18, 2017, 03:11:37 PM
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We will release the Token Sale details once PricewaterhouseCoopers finishes our business whitepaper. Earlz is adding the development information for our technical whitepaper, while the editors make sure it looks nice.
I see things are getting on well. So far so good, I love the progress of Qtum Project. I can't wait to experience the Qtum project. Yes this project is really going well.The Dev and the team is committed to produce quality results. Just see their marketing campaign all across the social media and you will realize they are heading towards some great and big. I feel lucky to be part of their campaign. |
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1029
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Attraction
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on: January 18, 2017, 02:57:08 PM
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What attracts you towards bitcoin?
I'm asking this because it could be different from person to person. Different people may like different aspects of bitcoin. So what do you like the most about it?
Bitcoin attracts me because of the opportunity to earn money and the fact that the price is unstable. i like investing in it and earn. one more thing is you have control where you want to spend it and also tax free. Well, earning money with bitcoins and tax free are the few characteristics which is loved by all of the bitcoins holders but for me the real attraction in bitcoin is the Bitcoin itself. It looks so good to have a bitcoin wallet and to send / receive money through that. I really like the Bitcoin in all aspects. |
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1030
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Bitcoin / Bitcoin Discussion / Re: It's freaking 2017 - Do you own 1 BTC?
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on: January 18, 2017, 02:51:06 PM
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Most people spend their BTC including me, but I have decided to save certain percentage of my BTC earning through ICO investment, Trading, and bounties this year.
At one side you are saying you will save BTC but at same time you saying you will invest in altcoin Investment and trading. If you invest in ICO and Trading, then there is chances that you can lose BTC also, So better save your bitcoins in wallet and wait for price increase. |
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1032
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Bitcoin / Bitcoin Discussion / Re: actual number of people using Bitcoin?
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on: January 18, 2017, 02:21:11 PM
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No actual number defines on how many are bitcoin users,seems like everyone is anonymous and even a very private individual who are enjoying the good benifits bitcoin gives.For these days it depends on how the market works and how many are really interested and willing to know.
actually is already clear, bitcoin anonymous and it makes all the users are not visible and moreover bitcoin decentralization of course no one can calculate the total users of bitcoin itself yes that is right to say and that is the reason that the actual number of bitcoin users cannot be find so easily, because bitcoin s anonymous and any information about its users is unknown. It's a guessing game, if you guess it right you make the right decision. You know, people think that bitcoin is the future which I agree on that also but we need to make sure our prediction is properly supported by valid information. Bitcoin is not totally 100% anonymous. If you are patient enough, I think you can analyze https://www.walletexplorer.com/ and calculate the number of wallets is being generated. After that, I think you will have the final number about the number of people using Bitcoin which is around the number of wallets you have checked Wallet explorer site is not a valid information about wallets and few times it does not show correct information. It is almost impossible to find out the actual number of bitcoins users. Each wallet has many addresses and the addresses unused are not identifiable even by wallet explorer. |
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1033
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Bitcoin / Bitcoin Discussion / Re: Why do you hear about Bitcoin ?
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on: January 18, 2017, 02:12:46 PM
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My friend introduced me to bitcoin . He told me to earn via faucets bitcoins and i was very excited on getting those tiny Satoshi. Soon i get habit of doing faucets and start loving this currency. The best thing which made me proud even now is that i know about bitcoins before anyone in my family and even now very few know about it in my family.
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1034
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Economy / Economics / Re: Which one is good, trading or investing?
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on: January 17, 2017, 03:20:10 PM
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I just had to simplify my answer, it is good that you must invest your money.For some reasons,you can have your money be doubled in due time.But we must see to it also that you invest it with your knowledge and understanding on what your taking up too.You work hard to earned,then for me the best way is to invest it to be used in the near future.
That's what OP should be doing with his $200 worth of bitcoin, he should maximize the use of it to earn more out of it. Most of the time the easiest is investing it in investment program, which is sometimes good, but most of the time turn wrong when the program starts to rob you. OP could try trading too, it's a little less risky compared to investing it, but, the earning there is a bit smaller since you can't predict the right timing all the time in when to buy and sell your stocks. Very nice explanation, it opens my mind then regarding this matter. Because I thought before trading is just like investing and vice versa, when you trade you already invested but there is a big difference then.. So investing is better than trading, and you can have more profit in investing then. |
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1035
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Economy / Economics / Re: How can we make more money?
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on: January 17, 2017, 03:12:58 PM
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To make money is not that easy especially ”good money” when you mean on sustaining for the needs but in this field you can earn money in different ways like Make a side job using your special skills like article writing or graphic designing.
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1036
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Economy / Economics / Re: Tell me your predictions about Bitcoin
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on: January 17, 2017, 03:07:13 PM
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Last year my predictions were to bitcoin end between 700-800 dollars, and well bitcoin made the end year jump without any reason, even looking stable i knew it sooner or later the price should drop, to 900 atleast, but well i were wrong it dropped a bit more, and took more time then i expected to hit the ground. Bitcoin whales had shaked the market as always they do, December of 2015 happened the same, from 250- to 400 dollars, but at that year we were going into the halving soo the speculation taked over bitcoin.
Well, this is a nice explanation regarding the high – low and low to high price value of the bitcoin now a days like a rubber band So for me regarding this matter, I guess since we are experiencing the unreasonable bitcoin value changes we all need is to wait for the pricing high because I believe that it will rise again to reach four digit value. |
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1037
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Bitcoin / Bitcoin Discussion / Re: Will Bitcoin be replaced by another cryptocurrency?
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on: January 17, 2017, 02:42:31 PM
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yes it will surely going to happen. but ithink bitcoin will last another 2 or 3 or even 5 years. as you see claiming free bitcoin becoming harder day by day and the price became unstable from last 2 years, so people starting to looking some another cryptocurrency.so bitcoin replacement will surely gonna happen.
I doubt about it. today bitcoin has gone into all the world, and the world began to recognize bitcoin. it not only makes bitcoin has a high price, but, bitcoin also gain trust from the public. it has to be better than the other cryptocurrency. even, bitcoin takes a long time to shine. There is no altcoin which is even near the value of Bitcoin. This clearly states that No Crypto currency can even come close to bitcoins. Bitcoins can only be beaten if there is a serious flaw is found is block-chain which is unlikely to happen. |
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1038
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Bitcoin / Bitcoin Discussion / Re: The reason why people do not get Bitcoin.
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on: January 16, 2017, 04:53:32 AM
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Various reason could be find out why people do not get Bitcoin.Many countries in our world like third world country whose concern this digital currencies.Even there are so many rule so came out all difficulties most of one didn't so much interested with Bitcoin.Some types of people don't feel secure to get involved in this virtual currency even some are don't know about bitcoins.
One of the biggest reason for resistance of bitcoins in third world countries is they are afraid of Change. People are afraid of new technology and do want to leave the Fiat. Government support is not a big problem in these countries. It is just a mind Set of people. |
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1039
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Other / Off-topic / Re: How many Bitcoins are lost forever?
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on: January 16, 2017, 04:44:21 AM
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if you are a traders, or a gambler, then you will not be able to count all bitcoin amount that has been lost. maybe more than 1 or 2 BTC, or even more. Well, we need to consider is how we generate profits. I was a businessman, maybe I have a lot to lose bitcoin, but I never count them. because, if you just think about it, you probably will not be able to develop.
I business its always happening that you are losing but you will learn how to manage it until you will be satisfied and gaining a good more profit.. with your own managing.. in my own i am not counting but i am thinking first before i spend and what will be a good methods that you can save more not to lose more.. i think here the op means to say that for example i have 5 bitcoins in my online wallet and suppose i lost the key of may wallet so the 5 bitcoins are lost for ever, because no one can remove the bitcoins from that account. In my view such an act of losing the key is similar to losing the bitcoin within the wallet forever. In a similar manner bitcoin lost in gambling too is an loss forever, because only very few earn the lost amount by the very next or within few events to compensate the loss. You have given two different explanations. First the Bitcoins lost by losing the KEY or Password in case of online wallet, is the real loss of bitcoins as they are not in anybody custody. The 2nd point , Bitcoins lost in gambling is not really a lost of bitcoins as it is just transferred from one wallet to another. |
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1040
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Other / Archival / Re: Earning "free" bitcoins
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on: January 16, 2017, 04:12:24 AM
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After the slippery slide downhill this past week, I have been looking for ways to "earn" Bitcoins. I'm looking for feedback on this website: http://www.freebitcoins.org > is it quite a new site or has been around for a while? I joined up today but there doesn't seem to be many offers to complete, although if you do them every day then I'm sure some bitcents will build up rapidly. The ways to earn Bitcoins are just like the usual surveys to win electronic goods, sometimes very long and tiring but there are ways to skip pages rather than having to fill them all out. What other ways are there to earn Bitcoins? The pyramid schemes, now they just all sound dodgy to me. I have tested one out this afternoon, but I did make a little mistake of not viewing my profile and sending btc to member#1 instead, argh! Will see how that goes, just like bitcoin kamikazee, you have to spend btc to earn it, but I don't think pyramid is a gamble like kamikazee. I would be interested in reading other peoples experiences with earning bitcoins in this way, thanks!  Note: I have not used referral links in my post. Well there are many different ways to earn free bitcoins, most popular way to earn them, and also easiest way to earn them is faucets But faucets are also pretty slow way to earn because it won't give you lots of money for very hard work so you shouldn't spenf your whole day for them Also in the mobile playstore you can earn bitcoin. You could earn airtime, or by advertising. Mostly you could wait in time such as every 3 minutes or 5 minutes. But like what you said, faucet is very slow way to earn. So it's better trade it after you collect it. how to earn bitcoin using playstore ? teach me There are few apps available in playstore which gives you free bitcoins every hour on performing a small task like rotating / Clicking etc. These are like faucets in your mobile and are not worth the time spend. Better find some better earning opportunity. |
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