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Showing 20 of 283 results by Olaf
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Board Trading Discussion
Re: Best PLace to trade Forex using Bitcoin?
by
Olaf
on 20/04/2016, 19:38:52 UTC
This is how I would do it, since like you mention most places are shady which they are.

Just use the capital cashed out through bitcoin - then open a traditional think or swim account and pick a forex like every other person.

The small step is converting it into cash - but whats the better alternative? getting screwed over taking a chance. Or knowing some legit forex on the stock market and doing a extra step.
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Topic
Board Economics
Re: How too get rich
by
Olaf
on 20/04/2016, 19:34:43 UTC
Get in to medical school, get high grades, get your PhD, be smart, cure AIDS, you'll have more money than you ever want.

Okay, so this is just 1 way to get there to obtain a cash flow you think that seems fit.

But honestly, its probably the slowest route and its not secure despite being a doctor - since hospitals are now overcrowded, so your options are being international.

Do the comparison cost and time - 4 years of med school minimum, the cost of $200k in debt adding each year tuition and all that.

Vs

Creating some app you made and partnered up with few smart people - then monetise it some way = and collect ad revenue seems more appealing to me.

Of course this isnt the easiest way either, but you wont be in debt like the $200k.
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Board Beginners & Help
Re: How to collect BTC ??
by
Olaf
on 20/04/2016, 19:29:55 UTC
step by step for earning studied collect btc ......
gambling..trading..faucet...etc Roll Eyes

Any newbie reading. Do not obviously gamble.

Trading is very similar, it takes more then months really find a trade setup that works, not any different from doing stocks on the traditional think or swim platform.

If you do consider this, I would suggest you to paper trade and understand the basics. Best simple ways is to sell stuff off ebay, and save money to buy bitcoin using one of the local ads you see on localbitcoins.com.
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Topic
Board Micro Earnings
Re: Auto make money when you sleep with faucets site
by
Olaf
on 20/04/2016, 19:26:53 UTC
If I was the faucet owner, I would just suspend my site.

If I cant obviously break even after 3 months launching the site or within the 1st month..its not logical lol.
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Topic
Board Speculation
Re: When to hit $10,000?
by
Olaf
on 20/04/2016, 19:23:33 UTC
Honestly, the price view can happen tomorrow if it wanted too..since price increas is just based on a exchange.

Just a matter of fullfilling the buy orders, so the question becomes is how can we get people to buy more bitcoin is the real question.
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Topic
Board Economics
Re: One-world reserve currency inevitable and will enslave all nations?
by
Olaf
on 20/04/2016, 19:21:53 UTC
I chose to agree. This would be the single biggest issue that would cause an enslaving of nations.
thats why we need country fiat and bitcoin.

I thought we are already in this situation.

*Ahem the US dollar? last time I checked everyone loves it, despite its covered bad value.

So why would it recourse into another world reserve currency.

The difference will be that the new one-world reserve coming approximately 2020, will not be controlled by any nation, but rather by a world government body.

This will be viewed by the world as more fair. But in reality it will be much less fair, because the world government will act basically the way the Troika does in the EU now, lending to the nations and never letting them default. They will lend in the world currency, but the people will be paid in their nation's shit currency which is debased like hell by the national politics. So then when the national currency loses value, the people are stuck paying back loans in the relatively more expensive world currency.

This is precisely what the Troika did to the PIIGS to destroy them. They will then do this on a global scale to enslave us all.

give or take a few decades right Smiley

Thats in 4 years what hes talking about lol.

I dont think anything traumatic will happen by the 4 years.. unless some war breaks out that makes these countries to move in their position to becoming more of a world reserve. Similar how the US did back then.
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Topic
Board Economics
Re: Are electric cars bad for the oil industry?
by
Olaf
on 20/04/2016, 19:18:00 UTC
The industry is too huge to be dented in my view.

But I can be wrong, cause some saudiprince I forget awhile back was investing something energy investments instead of more oil projects.

I think I can find it again, but it was on vice or some other notable source like zero hedge.
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Topic
Board Economics
Re: What was the biggest amount of Bitcoin that you have earned here on forum?
by
Olaf
on 20/04/2016, 19:14:37 UTC
For me I earned like .1btc and that was cause I got lucky on some dice site.. I think it was just-dice.

This was before it turned into clams or whatever, and then I just been selling stuff off ebay to buy more bitcoin.. like most I`m sure does.
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Board Off-topic
Re: Will you quit your day job to go full time on bitcoin?
by
Olaf
on 20/04/2016, 19:12:00 UTC
Yes, I value my time and I hate to waste it on transport, so working from home is a huge + for me.

I do not quit my job. There are couple of reasons. The first is that you must be really dedicated and passionated about Bitcoin, which I am not. I am interesting in it, but not fanatically. The second reason I don't have enough knowledge about it. You need to have lots of time to learn.

I`m sure you`ll be passionate about bitcoin if you got more of it lol.

Its only simple that if the person is not interested it just means they havent made a significant amount of money that bitcoin has provided to them yet.
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Topic
Board Economics
Re: Is it better to save money or invest it?
by
Olaf
on 20/04/2016, 19:07:33 UTC
Its better to invest money and also save because with them both you can gain money and if the bitcoin fails you can still have some saving that you have gained.
I think this is one of the best ways to gain money and make profit.

the underlying message to this, should be is how you obtain the 1st step of cashflow.

What made it even possible to create a option, youtube start, creating a visible app, all these routes thats taken to make this possible.
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Topic
Board Speculation
Re: Bitcoin in 2020
by
Olaf
on 20/04/2016, 19:05:44 UTC
The bitcoin will be a lot bigger in that year plus there is also a good chance that the bitcoin is gonna have another halving in that year so that would be very sweet.
I also think that the bitcoin will be a lot more used by stores but also by users of course.

Possibility is there to reach half of the population to follow bitcoin. Even with this if lucky by the 2020 halving would happen and yield a big profit.

That means within 4 years we gotta reach out to those who dont know about it.

The only way I see this being done, is if it was a mandatory required thing that people see on a governement website - as a alternative note thats backed by their own country or something.

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Topic
Board Economics
Re: Why do people keep saying BTC is dead?!
by
Olaf
on 20/04/2016, 19:02:06 UTC
It drops in price every time we hear about a big scam or some kind of fraud.
This drops are not something significant, and hardly can be connected only for Fud.
But in one coordinated attack damage can be made, but we have price fluctuation and without bad news or similar..
This is normal.


Indeed, this is normal and more currency's have this, not only the bitcoin has this and I must say it are not big numbers that are lowering.
So I think its not a big problem for the bitcoin, people are just hating on the bitcoin because its going so well..

People who have gone through huge losses in the past will continue to spread negative news related to it, as they don't want that others should earn money from it in present.

Its either they invested too much, when there was aritificial growth and got screwed over.

Or either they just lost a big trade, and the 100 other reasons they see other stories to admit bitcoin has no face so its not trusted factor.
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Topic
Board Speculation
Re: BTC to 5000$ soon
by
Olaf
on 20/04/2016, 18:59:41 UTC
Its one thing to compare the market cap with gold and bitcoin. But the question remains is despite the market cap, the fulfilled buy orders to make up that volume to back up that market cap is more concern.

10 years time we can be at $2,000 as a median price if lucky..
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Board Speculation
Re: BIG PUMP STARTED .. $400 SOON
by
Olaf
on 20/04/2016, 18:56:37 UTC
There is no big dump, the price is still $426. The volatiilty of the bitcoin is quite low for the last 3 months.
Yep, i think it will not dump that big , maybe if it fluctuates and one of these days will rise up to its high value ,just a prediction from us but the fact is hoping to get its highest value for this bitcoin halving time.

The price is less volatile now than a few months ago. That is good for the adoption of the bitcoin in the mean time.
Sometimes when the price less volatile is good for active trader but not good for  who want buy bitcoin for long-term sell when price goes high than when he/she buy bitcoin.
yeah people who wish to sell coins will be little-bit worried as the price is not too high when compared with the rate they bought, i advise them that the pump has just started and you can see good price rise in the coming months as the result of halving which is going to happen soon.

I mean this is a on-going variable though.

It can be up the next, and down the next and so on like you already know. But what would be settling for higher prices, is if we see something like a surge of volume coming in over periods. If it happens real quick, we obviously tell its some sort of artificial growth.
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Topic
Board Economics
Re: Why better tech can't kill Bitcoin
by
Olaf
on 20/04/2016, 18:52:32 UTC
^^Finally! Someone clearheaded enough to grasp that bitcoins are like any other collectible with artificially limited supply.
Like sports cards. Like Beanie Babies.

Like gold.

Its not entirely there for gold, but it could be in the right direction for it.

As long there is a massive amount of buy orders and contain a or keep increasing in volume, building bitcoins value is similar to building like the s&p500
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Topic
Board Speculation
Re: How will halving affect the value?
by
Olaf
on 19/04/2016, 23:28:28 UTC
The halving will affect the halving on a good and positive way in my eyes, it will let the price rise to a high amount.
Maybe it will even let the price rise to a record height, that would be pretty sweet if you ask me because than we would make a lot of profit.

Like most people I share an opinion that halving will couse to BTC price go up,but to what extent will it be really is hard to say.

Everything is possible, but if we look back at history, he will probably rise in price. Halving will reduce the fresh supply of bitcoin

The history you are referring to is exactly what year? lol.

Theres too many events to go over with bitcoin.. if you are referring to the 1st exchange prices, that doesnt really count. Since the 1st exchange acted more of a ponzi that blew up the value.
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Topic
Board Speculation
Re: I AM HODLING
by
Olaf
on 19/04/2016, 23:27:13 UTC
There are a lot of people that is holding their Bitcoins around this time, because they all hope that the value will be more in the future so they can sell it with a good profit.
The bad thing is that you never know what can happen with the value and that the value can also be going down so you can wait a much longer time, and that will be not good.

in fact block halving force people to hold his bitcoin, and force miner to increase his hardware, i think bitcoin will be boom again $1000 again Roll Eyes

You think miners will have a stand hault production wise..since they always have to match on the difficulty of mining..

Like I dont see anytime a new mine blowing chip that will beat an asic.. they just are downsizing the electricity consumption but not by much.
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Board Speculation
Re: 1 bitcoin = 200k dollars
by
Olaf
on 19/04/2016, 23:25:15 UTC
$200k value wouldnt make sense lol.

So basically a holder of 2 bitcoins is already half a millionaire? Like what? lol.

$400k just like that.. and 2020 isnt that far away.. thats only 4 years.. lol.
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Topic
Board Speculation
Re: Do you think bitcoin will reach it's $1000 mark again?
by
Olaf
on 19/04/2016, 23:23:05 UTC
The 1k bitcoin is not that far ahead of us within the next 2-3 years maybe we can see that price of bitcoin again.

The bitcoin will definitely reach $1000 within the next two to three years. It could be even earlier.

We will see that price by the end of the year 2016 we don't have to wait too long to see that price as halving will help us to see that price in this year.
It is good that many people are positive about Bitcoin but we must be realistic and dont dream, it will not reach that value now soon because it is now stable for a long time.
And there are a lot of people that is hating that and I understand that because we want to make some profit.

and did you heard what happened in the year 2013?
at that year the price was also at much lower and the increase was much slower and at some days there would happen the stability but still the price boost up at much height.

You think its the same back in 2013? I have a feeling the reaction will be the same..

I feel growth from here will be slow like you mentioned, but at least grow in price eventually at a snail pace.
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Topic
Board Trading Discussion
Re: Best Investments
by
Olaf
on 19/04/2016, 23:21:32 UTC
If you have enough skill and great predictions on altcoins, then trading is the best for you. Sometimes you can earn 20x of your investment.

best investment apart from bitcoin itself is to invest those bitcoins that you have in promising altcoins. Bbut like any other investments it comes with many different,,

I also think it will be a good idea being involved and keep some ethereum. Even here on my country I can see ethereum's popularity, but mostly , they are just faucet users..

The price is debatable, but most people are buying into it thinking it will reach the same as bitcoin.

But I dont see any reason why it would, unless someone can educate me why its worthy.. I think all altcoins are risky though.