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Showing 20 of 503 results by Financial_Genius
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Topic
Board Services
Re: BubblesBit is looking for Moderators
by
Financial_Genius
on 30/10/2016, 15:18:37 UTC
I'm interested.
Post
Topic
Board Economics
Re: So I made some calculations today
by
Financial_Genius
on 29/10/2016, 10:06:14 UTC
For something like this to happen, you need mass adoption of Bitcoin worldwide, 4 years is too short. Gold is acknowledged by everyone to be valuable, it is something tangible that even people in their 80's or older can easily recognize. Bitcoin is a new generation thing and at the moment attracts only people that are technologically savvy. When we've reached a point where the oldest person on earth was born after Bitcoin was created, Bitcoin will have been universally assimilated. Of course we might not need to wait that long  Wink

Many people already have a lot of cryptocurrency. Now we announce that crypto currency is like shares of the company "the future of Money", and start to trade them on the exchange for real dollars. Set the market price. She's growing up, because wanting to touch the money of the future a lot, and handed out for free 25 coins every 10 minutes to one, and still have to solve puzzles in General, it is easier to buy.
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Topic
Board Economics
Re: Is Paypal a scam?
by
Financial_Genius
on 29/10/2016, 09:55:42 UTC
I would also recommend that you stay away from Paypal like all the other people on that website is saying. Paypal freezes your funds for 180 days for unknown reasons. You could always exchange your Paypal funds into Bitcoin funds in the Currency exchange board. So, if you don't want somebody disputing their payments to you, or getting your account frozen for 6 months, then go ahead and convert all your Paypal funds into Bitcoin.

Oh, today I experienced paypal for "lice"! Year paid through them for the purchase, it was more or less, but when the seller sent me an empty package, all of the claims were not recognized. He sent it! And the fact that they have alleged "buyer protection!" is everything to like I'm naive fools! People read reviews! Be careful!
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Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
Financial_Genius
on 29/10/2016, 09:45:36 UTC
If I answer you no then I'll be lying. Even though my hope is for us to see 1 btc equivalent to 1 btc some day with the price of fiat mean nothing to us, the current movement of the price still gives us the indication in how well accepted btc is and its demand. I do agree with your reasoning but until the I will still closely follow the btc price movement.


Now there are three ways to use bitcoins for ordinary people — is the "currency as payment", "speculation" and "investment";
Due to the numerous manipulations in mass media predstavlena negative image bicton for the population as a "currency in the shadow economy". Stock manipulation at the moment have no "state" protection that can deter people from participating in the exchanges. There is clearly a wide and convenient network of distribution of goods and services supplied for bitcoins.
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Topic
Board Economics
Re: Big Crash coming
by
Financial_Genius
on 29/10/2016, 09:34:22 UTC
There is no rational method that would help determine the real value of bitcoins. In addition, measurement values, based on the indicators of circulation of bitcoins, is in itself wrong, because no circulation does not exist, and all transactions occurring since the money already have some value for people. And the frequency of circulation does not depend on the total stock of currency. Bitcoins are often traded only by the fact that there is such a possibility.
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Topic
Board Economics
Re: Bitcoin worth to you or not...
by
Financial_Genius
on 29/10/2016, 09:30:05 UTC
When a collectible becomes valuable, it can become money. When bitcoins became valuable, you could take advantage of their excellent system for conducting financial transactions. However, the system remains the same, regardless of how many people participate in it. Therefore, the system itself can not be responsible for those costs which people are investing in bitcoins.
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Topic
Board Economics
Re: Is it better to save money or invest it?
by
Financial_Genius
on 29/10/2016, 09:26:58 UTC
Where to invest free money? To this money worked and brought in income. In the form of interest on Deposit or in cash the difference (margin) between the buying and selling of shares, exchange of currency, or other ways of investing their funds. The notion of like, investing means investing for the long term. For a few years, possible even the option of investing for decades.Many financial experts advise to invest in gold and predicts a sharp rise in silver
Daily industry consumes large amounts of silver and water filters, it and electronics, appliances, and the large consumption of silver goes to space research and space construction. Gold reserves over time, replenished the earth, and the stocks of silver no! Take a look at quotes!
No wonder silver is called poor gold, five, seven years, they will increase a hundred, maybe a thousand times?!! Moreover, the prospect of podorazhaniya silver is not a mere statement, and the real facts
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Topic
Board Economics
Re: Best way for steady income
by
Financial_Genius
on 29/10/2016, 09:13:29 UTC
Hello All,

What you think is the best investment to gain steady income in btc without actively doing anything?
So no trading/gambling/loaning etc.

Steady income more likely to be 'small & secure' than 'big & risky'.

Thanks,
BR Oinas


Passive earnings without investment impossible, I think so. All assets require investment. Without attachments with taps to collect, but it is long and on the penny. Yes, of course, that mine is easier than collecting manually, because one must have an iron patience.
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Topic
Board Economics
Re: Currency v Property
by
Financial_Genius
on 29/10/2016, 09:06:46 UTC
Categorization of Bitcoin is never ending discussion. It is a currency, commodity, property? This actually is a problem.

In one country BTC is currency in others commodity and some others are waiting...

Semantics and legal issues are the reasons why we don't have any serious bitcoin legislation in place.

In US bitcoin is classified both as currency (by U.S. Treasury ) and commodity (by Commodity Futures Trading Commission).

How simple people can be smart when even pros have no idea what bitcoin really is?



Bitcoin is an experiment. Need refers to Bitcoin as to any interesting startup in the Internet: can this system change the world, or maybe not. You should understand that investing time and money in new ideas is always a risky enterprise
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Topic
Board Economics
Re: Do You Think Bitcoin Will Replace Dollar Soon?
by
Financial_Genius
on 29/10/2016, 08:50:35 UTC
Claims like this are fun to talk about but little more than good marketing for Coinbase. (Don't get me wrong, I like Coinbase). But no one can say for sure whether bitcoin will have staying power and significance to be considered the world's reserve currency ever let alone 15 years.

What I think is a better discussion to have about this is why would we want Bitcoin to be the world's reserve currency. Existing fiat currencies are controlled and manipulated by Governments and Banks. Do you think these people are going to just let Bitcoin exist without their involvement or blessing? Do you think these people aren't going to want to have control and option to manipulate Bitcoin as they have fiat?

I think the answer is No!

If Bitcoin becomes the world's reserve currency, Bitcoin will be destroyed as we know it. I can't see a way that it wouldn't, but if you all think differently I'd love to hear it!


Many changes that improve privacy, are under development. For example, efforts to change payment API aims to prevent the sharing of addresses for payment that creates the Association between them. The change addresses, in Bitcoin Core, could be eventually implemented in other wallets. In the graphical user interface can be added to easily request payments, which prevents re-use of addresses. Work is in progress and for the development of other functions, potentially increasing privacy, such as the ability to combine transactions together casual users.
Post
Topic
Board Economics
Re: Currency v Property
by
Financial_Genius
on 29/10/2016, 08:16:18 UTC
Value as a collector's item (the same principle as the activities of people who are collecting rare metals, stones, shells, stamps, paintings and baseball cards). Value, which is based on the fact that other people will consider your collectibles valuable and will want to buy it, thus enriching the previous owner. Gold is valuable for these very reasons. Not because it's shiny (many things too shiny), but because it is rare, durable, mobile and available for collecting. And in the hands of the owner, it can only increase your value directly proportional to the number of people willing to get it. Bitcoins are valuable as collectibles. Their reliability as "guardians of values" depends on the number of people that use them. The more people believe in the seriousness of Bitcoin, the higher the confidence in the payment system.
Post
Topic
Board Trading Discussion
Re: What is the minimum amount to start as a trader?
by
Financial_Genius
on 27/10/2016, 21:56:49 UTC
The rule of 100 to 0.01. The meaning of it is that it is desirable to have at least $ 100. USA Deposit for every 0.01 standard lot open trades. For example, for 0.1 standard lot of EUR/USD it is recommended to have a Deposit of at least $ 1,000, which will optimize the risks and painlessly survive the possible loss.
For beginners in the Forex exchange market it is recommended to start with a Deposit of minor size, such as $ 100. US opening in this case deals with the maximum lot size is 0.01. Work this volume would not generate significant revenue at first, but will give the possibility of obtaining the necessary experience to transition to a greater volume of trade
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Topic
Board Economics
Re: An Honest Introduction to Money
by
Financial_Genius
on 27/10/2016, 21:53:17 UTC
How does bitcoin fit into the standard definition and traditional role of money? how might it change money? Are you going to have subsequent commentary that extend beyond this introduction? Have you linked this up with any of the other money supply and currency use discussions going on in this forum?

It would be nice to get a healthy, educated debate going on the key challenges facing bitcoin and "money".


Cryptocurrencies differ from other currencies and electronic means of payment like WebMoney.Decentralization. Cryptocurrencies have no actual Central issue (as is typical of any world currency) and belong to no one except their actual ultimate owners. Any interested person can independently produce a production (mining) of cryptocurrencies. Transparency of calculations. All cryptocurrency transactions are stored in a database forever, so if you want you can track any transaction any payment to the moment of generation of these payment marks. The degree of participation in the system. Each person is free to choose to what extent he will participate in the system: a cryptocurrency mining, or just buy them from other participants, or not to Transact with cryptocurrencies. All of this is voluntary. The lack of centralized control. There is no such regulatory body which could block wallet in bitcoin or cancel some operation.
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Topic
Board Economics
Re: Big Crash coming
by
Financial_Genius
on 27/10/2016, 21:45:49 UTC
Just to let you guys know a big crash is coming in 2016 in the economy. There is going to be a huge financial crisis but it will be worse than 2009.

The bitcoin price will skyrocket to over $10,000. However  bitcoin will be banned in all western countries. If you are reading this living in the west you should make preparations to move to Russia or China they are the only places you will be safe owning bitcoins.

The crisis will be so big it will destroy entire countries and in 2017 there will be a civil war in the USA, UK and western europe. After this the world will never be the same again it will change so much by 2020 it will be unrecognizable compared to today.

The latest version of Bitcoin Bitcoin 0.5.1 and 0.5.2 contain a large number of improvements, aimed at accelerating the program and add some rpc functions. Also improved handling of small payments, down to 0.0001 BTC and fixed some minor bugs of the processing addresses of the counterparties, in some cases leading to a complete hang. Starting with version 0.4.0 the major security improvements were not. According to many representatives of the bitcoin industry and a new currency is becoming more attractive to the world's largest banks and financial institutions. Blockchain technology has become the object of attention for the banking sector and the stock markets are witnessing a flourishing trading bitcoin.
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Topic
Board Economics
Re: How many BTC will make you a fiat millionaire in 5 years?
by
Financial_Genius
on 27/10/2016, 21:43:44 UTC
How many BTC will make you a fiat millionaire ($) in 5 years? Why?


The existence and rapid development of peer-to-peer payment system proves the consistency of ideas about the possibility of future implementation of a fundamentally different economic model not based on a single emission center. Of course, the principles of implementation of the Bitcoin network is largely experimental, and if rapid deflation processes will not ruin her, then in another 5-6 years stabilization in a user tool, free of taxes, payment of commissions and any other external intervention.
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Topic
Board Economics
Re: Why Bitcoin has power nowadays ?
by
Financial_Genius
on 27/10/2016, 21:41:06 UTC
China, with its high rate of economic growth, plays an important role in the Bitcoin space. And in light of the findings of a recent report by Goldman Sachs, a huge influence in this country becomes apparent. The report shows that almost 80% of Bitcoin trading volume over the last six months have on the yuan. Surprisingly, only 19% of exchange passed on the US dollar and 1% Euro.
The fascination with bitcoin in China continues to grow, despite the fact that the people's Bank of China (PBOC), the country's Central Bank banned Bitcoin transactions at banks, retailers and payment operators, including Alipay and Tencent.
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Board Economics
Re: Why You Should Never Sell Your Bitcoins Ever
by
Financial_Genius
on 27/10/2016, 21:38:39 UTC
Book your vacation through Expedia . So far, the company only accepts bitcoin to book hotels, but plans to start accepting bitcoin to pay for flights, car hire booking and many other services. Amazon, Target, CVS, and other chain stores don't accept bitcoin directly. Buy wholesale? Wholesale website Overstock has become the first major US retailer accepting bitcoin in December of 2013. Work through different ReadWrite tutorials? Buy new Raspberry Pi, Arduino, or any of their components and accessories on the Adafruit website .In may of this year, satellite television provider Dish Network announced that started accepting bitcoin. Dish does not know how many of the 14 million subscribers will choose this method of payment, but in July they will know for sure.
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Topic
Board Economics
Re: Is gold better than Bitcoin?
by
Financial_Genius
on 27/10/2016, 21:34:15 UTC
A lot of people seem to think gold is the answer to all our problems. Every time the economy takes a turn for the worst, people turn to gold. {They invest in gold to hedge against these problems} If you

do not buy physical gold items/ornaments/jewelry/gold bars ... you still have ZERO protection against anything. It is just a piece of paper and a ledger entry on a private database. People seem to think

that there are tons of gold stored in secret vaults under government buildings. Is this true? https://www.youtube.com/watch?v=gZcRk7UClO4 { There are no proof of this and audits in the USA are about

60 years old. } You have the only entry to your investment, when you invest in Bitcoin. { The private key } The proof that it exist, is on a public blockchain....  Wink


Saved money is better than earned money. Fortunately, even despite all the negative situation in the country, there are successfully used hundreds of ways of earning money. As they say "there is a will...". But when it comes to saving money, when you start to consider ways to keep safe and sound their Finance, a number of questions arise: how to save money and in which currency to hold. Under the mattress;Deposit account;regular savings account;In cumulative long-term programmes;to Enclose (invest) the funds to successful projects and to obtain extra income;Just to stored in a cell Bank;and many others.
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Topic
Board Economics
Re: Do You Think Bitcoin Will Replace Dollar Soon?
by
Financial_Genius
on 27/10/2016, 21:31:31 UTC
I don't think "soon" but I do think after 15 years or so it is a definite possibility. "soon" i guess is a relative term.


This morning, the average global price of bitcoin crossed the $685; whereas last night the unit price of the digital currency was $664.The sharp rise in the price of bitcoin has followed a jump in demand for digital currency trading platforms OKCoin and Huobi, which focused on Chinese users. On 23 October, the daily volume of transactions on the OKCoin exceeded 2 million bitcoins. what's next?
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Topic
Board Economics
Re: How good are you at managing your money
by
Financial_Genius
on 27/10/2016, 21:17:21 UTC
One of the easiest ways of spending BitCoin is the use of payment systems that accepts BitCoin. And the most convenient payment method can be called the purchase of gift certificates.