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1581  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin? on: May 15, 2015, 05:51:55 PM
Everyone is talking about bitcoin and critics are just spreading the rumors that btc is dead but I believe that BTC is the future currency and sooner or later it will replace fiat currency so if the investment is done in bitcoin at this point of time it can prove to be profitable decision.
1582  Other / Off-topic / Re: If BTC goes to $1000 or more, what would you do? on: May 15, 2015, 05:46:01 PM
Do nothing and patient, because i believe the price of bitcoin can be much much more than $1000.

If you just do nothing you wont get much more profit till that time. Because the mainstream of bitcoin is depends on us. If more people buying bitcoin then the price is going to $1000 or even more because everyone wants to get profit so you need to do something at least persuade them to using bitcoin as their payment method

That's true you can't accept bitcoin to reach $1000 without the acceptance and adoption across the globe. When the the mainstream will go high then the prices will also go high. Still many people are now aware of bitcoins so once the mass adoption increases the prices will reach to a new level.
1583  Bitcoin / Bitcoin Discussion / Re: BTC in your country on: May 15, 2015, 05:37:02 PM
In my country, bitcoin isn't popular but it's still allowed in my country although there aren't any local store accept bitcoin as payment method Grin

For now it wont be so popular because there are only few people that know what bitcoin is and for local store to accept bitcoin for now is to impossible because they dont even know what it is and how to use this bitcoin. Just wait for the mainstream time, after that people will start to collecting it and also the price will going up too

Very rightly said same is the case in  my country hardly few people knows about it and even if they know they haven't used it anytime so it will take time that people start using it and accepting it and shopkeepers are not aware of the bitcoin so we can't accept that they accept bitcoin as a mode of payment.
1584  Other / Politics & Society / Re: Why do people hate? on: May 08, 2015, 04:34:15 PM
Feeling jealous over ones success, actions, or even looks can be very hard to deal with when you realize those same people are performing better than you are.

It s much easier to hate someone and spread negativity towards them, than taking a step back and realizing what we are doing wrong or not doing at all with our own life.

Yup jealousy is on the top of the list when it comes to hating someone. It can be personal or professional. People cannot digest the success of others neither they digest own's failure and then process of hating begins and its just the negative mentality of a person.


Yes jealousy is the main factor of hatred...Sad

No one can see the success of other person..Sad
No one is happy with others succes...

They Always criticise instead of apperetiating them....Sad

How bad it is..? :/

Agreed. Jealousy is an Disease can spoil the life of an individual. The best way to avoid jealousy is to stay away from it. But people don't have tendency to just forget it jealousy leads to anger and angry mind would responsible for any bad behavior which includes criminal offence too.
1585  Other / Politics & Society / Re: Poll - Where are the most lies told? on: May 08, 2015, 04:29:48 PM
The Politicians lie in every stage and at every step. And they take support from the press and media. As the media people spreads the news in the most dramatic way and they know that society is influenced by media So society agrees what media shows them the story.

Yes Politicians are on the top of the list responsible for making false commitments and promises to the society and they don't even turn up once the elections are over. The society should take a pledge not to vote them as they don't contribute anything in the betterment of society.

It's easy to point a finger on anyone around us. But we forget that lies are told by everyone. We don't notice our mistakes and we start judging people around us. So ya politicans are liars but are we honest?? we also lie at many stages and for very small things..
1586  Other / Beginners & Help / Re: How would you introduce Bitcoin to your friends and family? on: May 08, 2015, 04:17:48 PM
My mom is not able to send SMS. She is not ready to listen about Bitcoin.

I completely agree with you. Same is the case with my family. They resist change I mean they are so used to pay in cash since their inception they resist in adopting new techonology somehow they have started to use credit cards for payments being aware that it's safe.
1587  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: May 08, 2015, 04:14:20 PM
For sure you should hold the bitcoin you have or trade as it would not be profitable to sell now unless you are an early adopter, miner, or profit from something. Most don't fall under these category's though they are guys that have brought in over $400.

You should be careful investing everything in bitcoins as you won't be the first who have done that and their everything at $500-1000 is not looking great is it!? Same as yours might not when it halfs in value again. Invest what you can afford to lose and you won't go wrong.

Bitcoin was at $600 when I first discovered it. I have watched it go down and down.
I won't be putting too much money into Bitcoin, but I won't be spending the bitcoins that I have in the near future. I am sure that there are a lot of people who think the same.

It takes much longer than most of us were thinking but the big turn in terms of price is around the corner Smiley

Yeah you are right. At present I am also going through losses and now I am not putting my money into bitcoins but the amount of bitcoins i hold i have kept it safe for future. I believe that prices will go high and so i am not spending it let's hope for the best.
1588  Economy / Economics / Re: Should I start Investing USD? (Betterment?) on: May 08, 2015, 04:06:58 PM
How can you say that Bitcoins value would be more then USD in future? Future is uncertain and so Bitcoin is  You cannot be sure that Bitcoins will give you more returns in future. As USD is the strongest currency of all you can guarantee that you will not be at loss in future.

Everything is uncertain. There's no guarantee that Bitcoin will increase in valuation.

There's also zero guarantee that USD will be "the strongest currency of all" in the future.

But, based on my own research it's much more likely that fiat currencies such as the USD will fail within our lifetimes. So in future, if you only held USD you may have the same amount of $$ in your hands, but you will not be able to buy the same amount of goods with it. All fiat is based on empty promises. Believing in government guarantees is dumb. Take a look at history.

(That said, the US economy is not healthy at all. Billions of USD  (with no backing) have been pumped into the system under the QE programs.)

ya.ya.yo!

Ya that's true there is no guarantee that USD will be the strongest currency in future. So its better to invest in diversified products such as Gold, Stocks, Real Estate and Bitcoins even u go from losses in one product you can atleast cover the losses from other products.
1589  Economy / Economics / Re: Is bitcoin dead? on: May 08, 2015, 04:03:02 PM
No neither its dead nor dying. Bitcoin has a great future and it will grow its value in coming years Once the Government start accepting as a currency it will grow more and that would directly increase its value so i don't think its dying for next 15 to 20 years atleast.

But how are you so sure that government will acppeted our bitcoin is this world? There is so many things that they must do before they are going to aceppt it and I dont think they will do that. There is fiat that government control so I dont think its value will rise with this kind of way

That's the problem we are facing that Government will not accept the bitcoin as currency. It's really difficult to believe that Government will accept it as its an threat for an fiat money and banking system so lets what future is going to offer us is it bitcoin or fiat?
1590  Economy / Economics / Re: How to save money. on: May 08, 2015, 03:55:38 PM
Saving is all about discipline. It's actually very easy to save once you set your mind to it but people often take comfort in material things and if they don't spend they feel like they don't have. You can also save money by budgeting and instead of going out every weekend and buying over price drinks go out once or twice a month and do if you must drink or party do it at home of friends where you can save money by buying alcohol from the store.

Yeah Discipline is required to save money and you also need a positive attitude to follow it continuosly. Prepare a action plan n follow it and monitor it weekly you will get the exact idea of expenses that is costing you more and avoid friendly parties that would force you to spend more due to peer pressure even if you don't wish to.
1591  Economy / Economics / Re: Why do people keep saying BTC is dead?! on: May 08, 2015, 03:48:41 PM
Those who have bought it for the higher prices would feel that bitcoin is falling. As the prices of bitcoin has fallen down in recent times so they are in loss at present so they have a feeling that its dieing but honestly speaking its not. Have patience and just wait n watch.
No. I think the reason why they saying that the bitcoin is dead because they not using it or they dont know if it is true. But bought it in higher price is impossible reason.

I think it's because of media and press that making it an big issue. That can be one reason and other is most of the people have the exact technical knowledge of the bitcoins like what are the advantages of using the bitcoin they just get carried away with media and press.
Yeah maybe this is one reason. Press will do they want even if thier topics are out in reality they jusy creat a story so that they have a report or an issue to discuss. But they dont think that it can may affect the users of bitcoin and some companies that already acceptef bitcoin as a payment.

What you are saying is absolutely correct but my question is why media would care for the factors that may affect users of bitcoin and companies that already accepting bitcoin as a mode of payment?? They are just concern with their stories, their TRP's, their profits that's what news channels have now become.
1592  Economy / Economics / Re: Government & Bitcoin on: May 08, 2015, 03:44:25 PM
Whenever you see the government and official institutions showing interest about Bitcoin is because they want to rip it off and use features of it for their own evil intentions. They for example want to take the blockchain and adapt it to the fiat scam, which would basically be a big catastrophe. Don't fall for their traps.
But theres some government officials that have good intention to bitcoin. Maybe they want to merge or to adapt to fiat money so that the people will have a unity. Dont think a negative to the government officials they vote us because we believing them that they are good person and have a good intention to the people.

Is that really how you see the government?  Benevolent public servants that care so deeply about the interests of its citizen that their own personal interests and career come second?  That is how it should be in an ideal world, but that is definitely not the way it is working today.

Think of teachers, whose top priority should be educating kids right?  Even in a slow economy, when they don't get the union negotiated raise they are looking for, they don't hesitate to go on strike and hold a sign instead of teaching the kids they are supposed to care about.  Not trying to talk badly about teachers in particular, but I think it's pretty naive to think that a public servant is here to serve the public.  A public servant is here to keep a job and make a living.  Serving you is priority #2.

Bitcoin goes against the foundation of many economies, that are currently maintained with monetary expansion, so it wouldn't make sense for the government to welcome bitcoin.

Yeah that's true. Can't afford to trust the Government in my country. Government of countries are against the adoption of bitcoin as a currency as they view it as a threat for fiat money. And they surely know that if accept bitcoin today as a currency it will take over fiat money.
1593  Economy / Economics / Re: Is it better to save money or invest it? on: May 08, 2015, 03:39:17 PM
Whether you save or invest depends on how much money coming in you have. Personally I like to save most of my money and invest a little in bitcoin. I think bitcoin could be a decent investment in the long run so I plan to hold for a couple of years at least but if bitcoin doesn't really go where I want it to or fails then I'll still have my savings.

Very Rightly said. Make small investments and diversify it into different products. I also believe in investing small amount in bitcoin as the future of bitcoin is secure I can afford to take risk by investing it into bitcoins and hold it for couple of years and trade it when the right time comes.

Secure in what way? Secure as a technology perhaps but it could fail as a currency or could run into trouble if the price drops so much that it isn't profitable to mine.

We believe that it will be secure in the future course of time. So it's good invest at this stage and ya it could fail but thinking on that perspective that it could fail and we don't invest today then it would be foolishness so its better to invest small amount in bitcoins.
1594  Other / Beginners & Help / Re: Where can I invest? on: May 07, 2015, 09:16:23 PM
I Give you three options for Investment looking at present Scenario:

1 Bitcoins
2 Gold
3 Stock Markets

But if you ask me then my choice would be definitely Bitcoins as the prices of bitcoin is lower at present so it is the best time to invest if you are looking for long term investment.
1595  Other / Politics & Society / Re: My mommy bought me an education, am I smart now? on: May 07, 2015, 09:11:40 PM
This is our future.  Their mommies told them they're smart and we have to deal with the repercussions of 'educated' idiots making the decisions.


Education is only the part of things. You have to be skilled. In order to be skilled you need a job expetience. In order to have a job experience you need a job. To get a good job without connection from a start is nearly impossible. You need to know ppl. To be from a rich and powerfull family for example. Money is everything novadays. Just a college education will not get you anywhere.

Very True. If you are skilled you don't need a degree to prove yourself. But the thing is if you go for a job they ask for your qualification the person who doesn't deserve the job gets the job and one who deserves doesn't gets it as he is not holding a degree.
1596  Economy / Economics / Re: 2014 Poll: How many bitcoins do you own? on: May 07, 2015, 09:08:06 PM
I hold 50 BTC at a moment but honestly speaking i am not in profit and i m in loss so if the prices goes up i would definitely choose to sell it out and diversify my investment to some other product and in future if prices lowers down again i would prefer to go for bitcoins again.
1597  Other / Beginners & Help / Re: How would you introduce Bitcoin to your friends and family? on: May 07, 2015, 09:05:14 PM
I would prefer of letting them know the benefits of bitcoins at the initial stage as my parents travels a lot but they are not aware about the bitcoins so i would tell them the benefit that attract them the most like if they use bitcoin they don't to have pay anything for converting the currrency into foreign currency.
1598  Other / Politics & Society / Re: Why do people hate islam? on: May 07, 2015, 09:00:09 PM
It's an individual decision. You can't force anyone to hate any religion. And it's just an belief of people that everyone hates islam as media keeps on talking bullshit about the islam at any point when terrorist attacks takes place it's an very easy to point a finger on islam.
1599  Economy / Economics / Re: Should I start Investing USD? (Betterment?) on: May 07, 2015, 08:56:34 PM
It's an better idea to invest in USD as USD as always be on top if think of Fiat money So there is no risk involved in investing in it. Over the years USD would be on high peak and thats what history says so its better to invest in USD and keeping other risks aside.
1600  Bitcoin / Bitcoin Discussion / Re: Can London be a Global Bitcoin Hub? on: May 05, 2015, 10:07:36 PM
I don't think london can make it. Shanghai is the better option. The main issue is with the Government of the countries who see bitcoin as threat to fiat money.

China can be a better option as the Government of China has shown willingness towards the adoption of bitcoins and we don't need any hub in special .
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