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1402
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Economy / Speculation / Re: If bitcoin rose to $1M, what you do?
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on: July 06, 2016, 05:04:18 PM
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Its a big dream but i think it will never happen but there's no bad to dream it.. so i think if the price will hit in that price i will convert all my bitcoins and withdraw it to start buy house and lot.. and start my own business..
Bringing Bitcoin to 1M$ in value is not possible in the real world. I dont think it can ever reach such high value. So when bitcoin cannot rose to 1M$, so there is no point in thinking what will we do as it will never happen Nothing is impossible my friend. I think one day bitcoin will rise more than even 1 Million Dollars. I always have a positive feeling and optimistic views for bitcoins buz i have full faith in it. |
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1403
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Economy / Economics / Re: I have 12 BTC in my Account, How should I invest this??
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on: July 05, 2016, 10:51:48 AM
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you can invest to trusted gambling site. but sure you dont think for playing gambling with your money  only keep your invest and will see how much you can earn everyweak, dont worry im believe about investor always win  i think you should avoid gambling. If you involve your 12 btc in the gambling, then there are chances that that you might lose all your coins. Gambling is very risky. Trading is a better option in my point of view. |
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1404
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Economy / Economics / Re: The Halving - Good or Bad for Bitcoin?
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on: July 05, 2016, 10:19:54 AM
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I think the halving is very Good, the profit is duplicate in one year.
Halving is good for the bitcoin users and the one who have bitcoins with them to get some profit on this event. but i am not so sure if it is good for the miners as the reward is reduced to half. |
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1405
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Economy / Economics / Re: The Halvening
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on: July 05, 2016, 08:34:11 AM
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Well I don't expect anything good after halving. Probably we will see a massive dump after halving since many are selling. Then after that is a good time to buy again.
Currently everyone is exicted about the halving. and because of halving hype bitcoin price is increasing. Once the halving is over we shall see how bitcoin reacts to the massive selling pressure. |
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1406
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Economy / Economics / Re: Why we should fear a cashless world
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on: July 05, 2016, 07:40:17 AM
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A cashless world would never happen. Governments of countries would never let this happen. Bitcoin is one of the worst things for them. If bitcoin doesn't give them any benefits, then they are just going to stick with fiat.
Governments are the ones who are pushing for a cashless world. A cashless world doesn't mean bitcoin. It means that all transactions are conducted through banking channels and there is no leakage in tax revenue. That can be bad because there are still a lot of people that dont even know what Bitcoin is and that is the problem and you see of course now that Bitcoin is becoming more worth. And it will be nice if Bitcoin will be more used but that is hard to know. Bitcoin popularity in increasing day by day. and i can see a day when it is so much used everywhere that no one will want to use physical cash for buying and selling. This will a point where we will be moving towards a cashless world. |
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1407
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Economy / Economics / Re: Let's Be Honest. We Are Waiting for $100/BTC to buy
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on: July 05, 2016, 06:19:15 AM
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The value of bitcoin now is really high, for those who had invested for so long they can make profits now. I myself I don't see anymore reason that the price will fall to $100. Maybe, after the block halving the value itself will fall back when there is a massive selling of bitcoins but it will not reach that too low.
The bitcoin price is reasonably high these days. and if anyone plans to sell this can be a time. On the other hand i think the price will never go down to $100 again. If you are waiting for the price to be so low and then you buy, then its never gonna happen |
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1408
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Economy / Economics / Re: What is your best investment strategy?
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on: July 05, 2016, 05:19:29 AM
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I think the best investment is to invest without the third party? I'm sure you will be confusion because investing almost all of them use a third party. but of course it would be risky to be a scam?
I better buy antminer and make passive income in my own home with mining
I think if the investment involves third party that means the investment is hugh as it is require further services of other parties. With high investment, there are chances of getting more profits in small amount of time. |
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1409
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Economy / Economics / Re: Should I believe in Bitcoin ?
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on: July 05, 2016, 04:26:15 AM
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You don't need to convince you just need to know more about the history of bitcoin and you will trust bitcoin yourself  the price always higher than any coin and the most of people using bitcoin Yeah you should believe in the Bitcoin because it can allow you to make much money but if you want to hold on for the future that is on you. It is not sure that the waiting is going to pay off and that the price in the future is going to be higher the ever. But it is worth trying it out. Its always good to save some coins for the future, as if bitcoin succeeds in long run then it can give you best profits, but also its important to make small profits in quick time. This is what I'm doing right now. I am earning and not even using one single coin for anything so that whenever I hold it for many years I will benefit with the result I can have. Most of the people are doing the same. they are treating Bitcoins like gold and keeping it save and not spending anything. This shows the trust which everyone has on this Currency. |
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1410
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Economy / Economics / Re: How would you double $100,000 safely?
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on: July 05, 2016, 03:54:23 AM
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The only way double that amount is of course to invest where you can gain a percentage of profit. Don't expect to double the amount in a short period of time. It takes time to double. If you want more risky ventures, you can try gambling where you will expect to lose everything in a blink of an eye. Any form of investment has its own risks and the more risks, the more you can gain
Investment is risky because the outcome could be loss or income, so that would not qualify as safe in doubling the amount stated. Just keep it and put in the bank for a little interest. If you want it to take 144 years for your $100,000 to double, sure. 0.550% is the typical interest rate that you'd be able to glean from a bank investment (at least in Canada), and as per the rule of 72 it would take roughly 144 years for you to double your investment - after it gets rapidly outpaced by inflation. Investment is a far better tool, and would more of less be far, far more likely to show a decent return that would outpace inflation and maybe make a decent amount of money as well. In our county I can find a bank that offers a time deposit with an interest of up to 5% per year, so to double your amount you need to save it to the bank for at least 20 years to double it. Thats the difference between Bitcoins and Fiat. With fiat it takes 20 years to double your amount. The bitcoins was 350$ at start of this year and not it is almost 700$ worth. So in 6 months bitcoins is doubled. and we do not have to wait for 20 years  |
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1411
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Economy / Economics / Re: China currency and effects on BTC
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on: July 05, 2016, 03:41:15 AM
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Yes to an extent China's currency has being a major role in playing btc rates shooting up and down. But majorly its China that dominates the world btc prices . If they decide to sell prices will crash within no time ,
It's not good that so much of bitcoin's potential, future and even price depends of 1 entity. Wasn't that exactly what we didn't want? Centralization? With china so dominant in the bitcoin scene, too much control is in the hands of 1 entity which we should avoid at all time. The only possible solution is another mining manufacturer stepping up. Along with new (non-chinese) investors. We do belief in De-centralization of bitcoin, but if chinese people get united and invested a lot in bitcoins, this is probably fair and it is not violating any rules. Other countries should also show such commitments if they want to hold a major share of bitcoins. |
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1412
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Economy / Economics / Re: If Bitcoin goes up very high should i buy a house?
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on: July 04, 2016, 10:26:45 PM
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I think have a home is everybody's dream. I hope so too, hopefully in the future at least bitcoin prices could continue to rise. so for now we will continue to collect bitcoin as much as possible. maybe 10-20 years I can be achieved to buy a house from the bitcoin.
Keeping in view the current trend of bitcoin prices, we can assume that bitcoin price will will so high in next 10 years that the person who has even less amount of BTC can afford to buy his home. So keep saving the bitcoins for the future. |
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1413
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Economy / Speculation / Re: Good idea to buy bitcoins now?
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on: July 04, 2016, 03:59:28 PM
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The best idea is to buy bitcoin before halving. stay a few more days before the halving. and we have to buy as many bitcoin that we can buy. it is easy and profitable.
Halving is just 5 days away. If you still want to buy Bitcoin to get some profit at halving, then buy them today. Dont wait for tomorrow because now price will rise on daily basis. So buy it today at about 660$ . |
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1414
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Economy / Economics / Re: How too get rich
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on: July 04, 2016, 03:32:38 PM
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Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement
^ hehe that would be exciting afterwards I also think the people who have mined bitcoin in 2008/09 are very lucky ones. They didnt have hoped at that time that mining of bitcoins can be so profitable in future. |
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1415
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Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years?
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on: July 04, 2016, 02:51:41 PM
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Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?
Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?
Buying them right now? i would say 5-7 btc but it is really hard to say nobody know what is going to happen with btc price next month,and we talk about 20 years here,believe me it is goddamn a lot of time anyway i would say it will constantly rise after some time will pass,when whole btc pool is going to be mined. we will see anyway How many bitcoins do you need to retire in 20 years, purely depends upon what will be the value of bitcoin at that time. If the price is very high, then only small amount of bitcoins will be enough for you. but if the price s less then even tons of BTCs will not fulfill your needs. |
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1416
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Economy / Economics / Re: Bitcoin worth to you or not...
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on: July 04, 2016, 02:08:25 PM
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It worth to me and i think that it worth to almost every bitcoin users, cause bitcoin giving to us a chanse to make big money and also making us independent from banking system.
yeah, it is worth to me also as it is making me independent from any other person to ask for money, I am earning a good amount with bitcoin and with that I am able to fulfill my needs. Not alone you, but with bitcoin a lot of people especially students are earning a good amount of income for their needs , and with bitcoin now the students are also able to support their family and are living happily. Bitcoin is very much worth to me, I have been able to earn online via it and it has really made a positive change in my life. I feel lucky that i am one of those few people who adopted bitcoin at this early stage. |
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1417
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Economy / Economics / Re: Bitcoin or gold?
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on: July 04, 2016, 01:37:58 PM
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If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
Bitcoin. Here is why Let us go back 110 years to say 1904 and ask the following question: If you had to convert all your wealth to either horseless carriages (otherwise known as automobiles) or horses and keep it there for 10 years, which would you choose? Keep in mind the fact that horseless carriages have only been around for 5 years, and could be fundamentally different in any number of ways in 10 years. By the way humans had been using horses as a primary form of transportation for millennia, yet in a period of 50 years between 1900 and 1950 they virtually vanished form the transportation scene. Will Bitcoin do the same to gold? The best thing you could use for just paying things in real stores is offcourse gold because everyone will accepts it you know. I dont think bitcoin is meaned for that bitcoins are only for investments and other things where you can earn allot of money with you know dont buy things with coins. I don't think there is a store that accepts payment through gold. Unlike bitcoin there are a lot of merchants and stores that do accept bitcoin. But with gold I think there is none. Well Gold is the not currency. And we are not living in a barter system where people exchange goods for goods. Bitcoin is a currency and the stores should accept it. Currently not many stores and shop accept it as it is not being popular everywhere. |
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1418
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Economy / Economics / Re: Bitcoin is Becoming a Global Currency
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on: July 04, 2016, 01:08:25 PM
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It is a good thing that people has started seeing the goodness of the digital currency. I always say that once the superpower countries or the first world countries have accepted the bitcoins, it will be easier to roll out to the rest of the world. I do think the reason why it has been a challenges for the growth is because at first bitcoin was tainted to have been used by criminals. I also hope that the coin will be the new mode of currency in coming years.
Bitcoin has already made its mark in the digital currency world and now it is considered as a threat to the FIAT. In next decade of so, we can see bitcoin becoming the Digital Global currency of the world. |
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1419
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Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [RaiBlocks] RaiBlocks trading thread
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on: June 29, 2016, 10:21:44 AM
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i hope MRAI is comeback
Mrai is not ginog abck I won't under estimate at Mrai dev, since no update from them. But i really appreciate how they changed coin distribution, from mining to be free distribution coin. No wonder if kaselit interested to make Mrai fork. Now is Democracy.....whats next. so one question where are you hear that Mrai is not ginog back gave us info if its true) Maybe kaselit fork it but i think this 2 coins wil be different Mrai would not going back is my opinion. as we all now, over a month still no news or even update from dev, i dont now how long does it takes for dev to recover Mrai chain or maybe about rollback. this is my answer to your question. I am really amazed to see the commitment of the Supporters of this coin. Even after 60 days of inactivity from the Dev., the people are still not willing to get rid of this coins and move forward. |
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