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Showing 20 of 140 results by lavapits
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Board Bitcoin Discussion
Re: BMW now accepts Bitcoin as a payment!
by
lavapits
on 20/07/2018, 15:23:01 UTC
That's pretty nice. They probably hope bmw replaces the lamborghini meme and gives them some nice profit loool
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Board Speculation (Altcoins)
Anyone investing into the FarmaTrust ICO?
by
lavapits
on 29/06/2018, 16:28:15 UTC
I was looking into this project for quite a while now and it feels like it should be a strong project as the idea of it is to purify the quality of medical drugs that enter the market. Anyone heard about it or invested into it need some opinions before throwing my money into it? Their page: https://www.farmatrust.io/
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Board Speculation
Re: $10,000,000 by 2028
by
lavapits
on 28/06/2018, 11:55:15 UTC
I don't think it is possible, I saw the calculation about the maximum price of the bitcoin a while ago and it said that if it replaces all the money in the world it would be worth around 3 million dollars. Still quite some potential to grow but I doubt there will be any more 1000x gains like in the good old times.
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Board Bitcoin Discussion
Re: The " I told you so " people are working on my tits!
by
lavapits
on 28/06/2018, 11:42:47 UTC
That's how life works for most of the people. Even though they have no experience in a field they're talking about they pretend to be experts and if you make a smallest mistake they're gonna remind you of it especially if you have a chance to become successful. It's like that because people doesn't want to see someone being better than they are.
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Board Altcoin Discussion
Re: Panic loss me 10800$ , so patient is the key
by
lavapits
on 28/06/2018, 11:39:46 UTC
if you have too much patience with some projects you can lose everything though. Don't let the patience blind you, sometimes it is good to sell early than to regret your decision later. The fact is that you always need to follow the market in order to make a smart decision.
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Board Speculation
Re: BTC WILL GO UNDER 1K$
by
lavapits
on 12/06/2018, 19:56:47 UTC
People thinking they sound pro as fuck and big time. "Buy the dip bro" which one? The One from 20k to 18k? Maybe the 18k to 16k? Or are we talking about the 16k to 14k dip? no wait. Maybe you are on about the 14k dip to 12k. Or is it the 12k dip to 10k? Nah I got it. You must be on about the 10k dip to 8k cause you pro right. Oh no. Now it's the 8k to 6k dip.

The comments are cringey as fuck again I see. Kids still trying to sound pro as fuck. Anyway. Leave you to it. Just remember. If you know fuck all about trading. Just use random overly used phrases you come across on Facebook. "Buy the dip" "weak hands sell". That'll convince everyone you know what you are on about. I see all those other dip buys worked out well.
Now 6700$ to 4k$, than 4k$ to 1$ and  1k$ to 500$, and again People thinking they sound pro as fuck and big time.

Chill out and leave this forum if you don't like something. Of course it can go under 1k, technically it can go to near 0 tomorrow, so what? Just don't put in more money that you can lose and you'll be able to enjoy it no matter what happens with it.
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Board Economics
Re: panic selling
by
lavapits
on 08/09/2016, 20:24:00 UTC
I think that people will start buying coins cause price is decreasing, and it's really good opportunity to get some money on difference of price.
of course no panic sell is happening right now, i think that people will surely be buying coins in the future and make the price going up really fast
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Board Economics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
by
lavapits
on 08/09/2016, 20:21:01 UTC
Not nearly everyone but I think that a significant amount of the global population would soon recognize its usefulness and use it instead of cash in their daily financial transactions. Also, I think we would see a boom in the merchant side of bitcoin: businesses offering discounts, promos and of course, items in exchange for bitcoin. It would be great for bitcoin overall since it would greatly stimulate the economy and circulate bitcoins instead of people hoarding it.

Bitcoin will gain more popularity by then and it will be used and accepted at majority of place but I don't think that it will be used by everyone, I think it will take almost a decade for that to happen.
you are right, in my opinion bitcoins will be more and more popular in the future and i think it will make us all some good money
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Topic
Board Economics
Re: How to save money.
by
lavapits
on 08/09/2016, 19:54:18 UTC
I will prefer to save a part of my salary in bitcoins and some of them in my piggy bank at home, and if I can manage to do it successfully for long time then I will be saving enough money for future.
i prefer to save a lot of money too to be honest, in my opinion it is the best way to not lose it and i put a part into bitcoins to make profit
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Board Economics
Re: Loans too risky?
by
lavapits
on 08/09/2016, 19:53:36 UTC
There is the possibility for you to start out your own lending company here, and you can build trust in the forum. But you must, of course, to use escrow before going to get trust out of the people. But that's just my opinion about it.
well there is a possibility in my opinion though i would definitely not do that because the loan takers might not give back the loan as it would be in bitcoin
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Board Off-topic
Re: du you spend coins on real life.
by
lavapits
on 07/09/2016, 22:00:50 UTC
In most of the cases I have to convert bitcoin into fiat, and then use it for daily expenses. But at the time I'm not spending it in large amount, I am holding it in bitcoin, it seems to be a good thing to do at the moment.
the same for me, i can spend bitcoins only online and nowhere else unfortunately, in my opinion it should change soon because of adoption
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Board Bitcoin Discussion
Re: Why is Amazon.com still resisting the use of BTC for payment?
by
lavapits
on 07/09/2016, 22:00:10 UTC
i think they don't accept them yet because it is against their TOS
you might be right, also you need to provide your billing address and your credit card information so it would be really hard to pay with bitcoins
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Board Bitcoin Discussion
Re: Bitcoin without Altcoin ?
by
lavapits
on 07/09/2016, 21:59:22 UTC
Most of the altcoins start with a crowdfunding and with investing (ICO) at most of these funds are accumulated in bitcoin.
By this not only that these altcoins become popular but also bitcoin become more popular because through bitcoin they are investing in another cryptocurrency.

Indeed. Maybe doubling bitcoin could be possible in investing with altcoins. They have been looking for a way to double it, it might not be that fast but it could happen if the invested alt will really shine.

I haven't invested in any ICO but it contains the risk, because the price after the ico can drop and you can lose.
But also it is a good opportunity to make a profit, I saw many coins that their exchange rate was way to high than the ICO price.
if you invest into an ico you should always remember that the risks are huge, thats why i never do such investments because i would lose money
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Board Off-topic
Re: What will you do if you own 21 BTC?
by
lavapits
on 07/09/2016, 21:58:37 UTC
Investing is the best way to go about utilizing 21+ BTC. only to increase riches further.
thats true, ivesting into some kind of a new crypto with huge potential might be the thing you want to do in order to make money out of the money you already have
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Topic
Board Economics
Re: How would you double $100,000 safely?
by
lavapits
on 07/09/2016, 21:52:53 UTC
Wait for XMR to crash and buy the dip, then wait for the next pump and you'll double your money.
this wont help, first of all you wont know how much the price is going to be dropping and secondly you will not know how much it will grow so it is risky
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Board Economics
Re: 1,000 bitcoins
by
lavapits
on 06/09/2016, 22:48:39 UTC
Hi,

I just recently bought 1,000 bitcoins and want to use my position to be an OTC trader. I understand that many people are selling and buying bitcoins at 5%, I thought I can sell or buy bitcoins at 3%. So those who are selling and buying at over 5% can buy or sell bitcoins from me to sell to their customers to make 2% or higher (this figure comes from over 5% - 3%) so I can make 1% or 2% and those selling and buying over 5% can make the difference. It's kind of arbitrage for otc traders.

PM me if you are interested Smiley
It is very difficult to believe that a person who invested about 600,000$ investment has invested them to do arbitrage, although it is a way for making money but the way  you are spending your time to make money seems a bit different with others.

Arbitrage is a safe way to make money. Although it is less profitable, but it has much lower risk than trading.
i never do that to be honest, i always avoid all the investment options that are available because all of them are risky, i just hold bitcoins
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Topic
Board Speculation
Re: How many bitcoins do I need to retire in 20 years?
by
lavapits
on 06/09/2016, 22:47:29 UTC
i think like 5 bitcoins will be enough, as you should have like 500k$ then
well it really depends on the bitcoin price so we cannot estimate how much money would you need then, also i think that 5 bitcoins might be enough
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Board Off-topic
Re: Bank or Bitcoin Wallet?
by
lavapits
on 06/09/2016, 22:41:36 UTC
I personally use both, I'm saving bitcoin to sell at highest price, and I'm saving fiat currency into the bank to buy bitcoin at a lower price.
That's why I believe that both have important roles in different situations.
of course, I agree with you. both have advantages and disadvantages of each. by keeping both of us can have a better future as well.
because both are also needed, required under the conditions that we experience.
banks usually have only disadvantages and nothing else to be honest, if i get a chance i just use bitcoins in order to avoid the banks
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Board Off-topic
Re: Do you still have time to reach the 21 BTC goal?
by
lavapits
on 06/09/2016, 22:37:42 UTC
i still have time to reach 21 btcgoal but the problem is lack of money to buy it with. Although i have bought bitcoin mostly so far but the only other option except buying is for me to earn it and that is going to take some time to get there.
i still have a lot of time too, to be honest i dont have a job right now so i can easily work with bitcoins in my opinion such as trading
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Topic
Board Bitcoin Discussion
Re: hack the bitcoin network for 1000 btc?
by
lavapits
on 06/09/2016, 22:36:11 UTC
I want to see how well this project goes. I am nearly 100% sure that you can't hack the Bitcoin network. (nearly)

However, I don't understand as to why anyone should take this job. If you could hack the network, then you can basically own all Bitcoin in the world, right?  Huh

Smiley
of course it is impossible, it is definitely not happening, bitcoin network is pretty much impossible to hack so i really doubt that they will do it