Bitcoin $781.41
- Thread starter MadJack
- Start date
Just signed up with Bitcoin Funding Team this week... Its a.. well its a pyramid scheme simple as that. But we know a guy that is making money doing it.. Its probably bull shit but I figured for 200 bucks Ill take a stab.
Ill let you guys know if its anything but a total waste. I have my doubts..
A speculative bubble...
A speculative bubble...
Without sound underlying fundamentals, people chasing unprecedented highs,this has all the ear-markings of a blow-off top. Wait a minute, that sounds like the current stock market...
Check out Dutch Tulip mania in the 16th century.
People were trading homes and properties for "Rare Exotic Tulip Bulbs"
Good luck to those who are just now entering the bit coin realm.
Those who have a huge profit...congrats.....play your hand wisely. No shame in taking some profit, cha- ching! :0071
As far as the IRS....how do they know anything about bitcoin, without divulged information? Isn't that the purpose of Bitcoin? Total anonymity?
A speculative bubble...
Without sound underlying fundamentals, people chasing unprecedented highs,this has all the ear-markings of a blow-off top. Wait a minute, that sounds like the current stock market...
Check out Dutch Tulip mania in the 16th century.
People were trading homes and properties for "Rare Exotic Tulip Bulbs"
Good luck to those who are just now entering the bit coin realm.
Those who have a huge profit...congrats.....play your hand wisely. No shame in taking some profit, cha- ching! :0071
As far as the IRS....how do they know anything about bitcoin, without divulged information? Isn't that the purpose of Bitcoin? Total anonymity?
Sound familiar?
Sound familiar?
Synopsis: In 1593 tulips were brought from Turkey and introduced to the Dutch.
The novelty of the new flower made it widely sought after and therefore fairly pricey.
After a time, the tulips contracted a non-fatal virus known as mosaic, which didn't kill the tulip population but altered them causing "flames" of color to appear upon the petals. The color patterns came in a wide variety, increasing the rarity of an already unique flower.
Thus, tulips, which were already selling at a premium, began to rise in price according to how their virus alterations were valued, or desired. Everyone began to deal in bulbs, essentially speculating on the tulip market, which was believed to have no limits.
The true bulb buyers (the garden centers of the past) began to fill up inventories for the growing season, depleting the supply further and increasing scarcity and demand.
Soon, prices were rising so fast and high that people were trading their land, life savings, and anything else they could liquidate to get more tulip bulbs.
Many Dutch persisted in believing they would sell their hoard to hapless and unenlightened foreigners, thereby reaping enormous profits. Somehow, the originally overpriced tulips enjoyed a twenty-fold increase in value - in one month!
Needless to say, the prices were not an accurate reflection of the value of a tulip bulb. As it happens in many speculative bubbles, some prudent people decided to sell and crystallize their profits.
A domino effect of progressively lower and lower prices took place as everyone tried to sell while not many were buying. The price began to dive, causing people to panic and sell regardless of losses.
Dealers refused to honor contracts and people began to realize they traded their homes for a piece of greenery; panic and pandemonium were prevalent throughout the land.
The government attempted to step in and halt the crash by offering to honor contracts at 10% of the face value, but then the market plunged even lower, making such restitution impossible.
No one emerged unscathed from the crash. Even the people who had locked in their profit by getting out early suffered under the following depression.
The effects of the tulip craze left the Dutch very hesitant about speculative investments for quite some time.
Investors now can know that it is better to stop and smell the flowers than to stake your future upon one.
Sound familiar?
Synopsis: In 1593 tulips were brought from Turkey and introduced to the Dutch.
The novelty of the new flower made it widely sought after and therefore fairly pricey.
After a time, the tulips contracted a non-fatal virus known as mosaic, which didn't kill the tulip population but altered them causing "flames" of color to appear upon the petals. The color patterns came in a wide variety, increasing the rarity of an already unique flower.
Thus, tulips, which were already selling at a premium, began to rise in price according to how their virus alterations were valued, or desired. Everyone began to deal in bulbs, essentially speculating on the tulip market, which was believed to have no limits.
The true bulb buyers (the garden centers of the past) began to fill up inventories for the growing season, depleting the supply further and increasing scarcity and demand.
Soon, prices were rising so fast and high that people were trading their land, life savings, and anything else they could liquidate to get more tulip bulbs.
Many Dutch persisted in believing they would sell their hoard to hapless and unenlightened foreigners, thereby reaping enormous profits. Somehow, the originally overpriced tulips enjoyed a twenty-fold increase in value - in one month!
Needless to say, the prices were not an accurate reflection of the value of a tulip bulb. As it happens in many speculative bubbles, some prudent people decided to sell and crystallize their profits.
A domino effect of progressively lower and lower prices took place as everyone tried to sell while not many were buying. The price began to dive, causing people to panic and sell regardless of losses.
Dealers refused to honor contracts and people began to realize they traded their homes for a piece of greenery; panic and pandemonium were prevalent throughout the land.
The government attempted to step in and halt the crash by offering to honor contracts at 10% of the face value, but then the market plunged even lower, making such restitution impossible.
No one emerged unscathed from the crash. Even the people who had locked in their profit by getting out early suffered under the following depression.
The effects of the tulip craze left the Dutch very hesitant about speculative investments for quite some time.
Investors now can know that it is better to stop and smell the flowers than to stake your future upon one.
Google coinbase and IRS. It's not going away. I don't think they will get all coinbase user information from the court system but I think a compromise will be met and users with significant $$$$ cashed out will have their information divulged.
In all honestly if I were one of the lucky ones with 50-100k and up profit, I would cash it out and ask the IRS how to file and pay taxes on it.
NOTHING is untraceable anymore. Everything you do online and on your phone can be tracked. Period. So if you were draw a significant amount of cash, the penalties and interest for not doing so will be significant. But then again, I pay my taxes and don't push the envelope with the IRS. I guess it just comes down to risk tolerance.
I've asked before- how are people with 100k getting this cash out? 3k at a time via 5 ATM withdrawals for a month? That bitpay card I guarantee is keeping records. I don't think everyone will get stung but those moving a lot of cash will.
- Mar 19, 2006
- 38,176
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so for those who have funds that were deposited via bitcoin and deemed only removable by bitcoin they should have them in a wallet that allows them to purchase a debit card to either keep the funds in the wallet or remove the portion you want.
what's the best wallet and what is the debit card..?
make sense????????
what's the best wallet and what is the debit card..?
make sense????????
Makes perfect sense, that's what I have.
Get coinbase.com and get the bitpay.com Visa card.
I mainly use blockchain.info but that's for receiving and sending btc not buying btc. I use that for playing at various books and that's also how most of my advertisers prefer paying me.
Had a pretty involved discussion with a guy that helped me and my buddies sign up. Im trying not to get to pumped up about it cause I cant imagine the govt wont squash this pretty quick. But man.. This could be some nice mailbox money for awhile
Im not trying to sell anything by the way.. Ill give an honest review in a few weeks. You need 14 people under you to make around a grand per month he said. Currently he has 62. Well 63 now im one more sucker. So lets see
He said the guy that wrote the software and started it 200,000 per month.. lol
Businesses that accept bitcoin..
Businesses that accept bitcoin..
List of Companies Who Accepts Bitcoins as Payment!
Many companies are accepting bitcoins, many are not. Here is a list of the biggest (and smaller) names who accepts bitcoins as a currency.
WordPress.com ? An online company that allows user to create free blogs
Overstock.com ? A company that sells big ticket items at lower prices due to overstocking
Subway ? Eat fresh
Microsoft ? Users can buy content with Bitcoin on Xbox and Windows store
Reddit ? You can buy premium features there with bitcoins
Virgin Galactic ? Richard Branson company that includes Virgin Mobile and Virgin Airline
OkCupid ? Online dating site
Tigerdirect ? Major electronic online retailer
Namecheap ? Domain name registrar
CheapAir.com ? Travel booking site for airline tickets, car rentals, hotels
Expedia.com ? Online travel booking agency
Gyft ? Buy giftcards using Bitcoin
Newegg.com ? Online electronics retailer now uses bitpay to accept bitcoin as payment
Dell ? American privately owned multinational computer technology company
Wikipedia ? The Free Encyclopedia with 4 570 000+ article
Steam ? Desktop gaming platform
Alza ? Largest Czech online retailer
The Internet Archive ? web documatation company
Bitcoin.Travel ? a travel site that provides accommodation, apartments, attractions, bars, and beauty salons around the world
Pembury Tavern ? A pub in London, England
Old Fitzroy ? A pub in Sydney, Australia
The Pink Cow ? A diner in Tokyo, Japan
The Pirate Bay ? BitTorrent directories
Zynga ? Mobile gaming
4Chan.org ? For premium services
EZTV ? Torrents TV shows provider
Mega.co.nz ? The new venture started by the former owner of MegaUpload Kim Dotcom
Lumfile ? Free cloud base file server ? pay for premium services
Etsy Vendors ? 93 of them
PizzaForCoins.com ? Domino?s Pizza signed up ? pay for their pizza with bitcons
Whole Foods ? Organic food store (by purchasing gift card from Gyft)
Bitcoincoffee.com ? Buy your favorite coffee online
Grass Hill Alpacas ? A local farm in Haydenville, MA
Jeffersons Store ? A street wear clothing store in Bergenfield, N.J
Helen?s Pizza ? Jersey City, N.J., you can get a slice of pizza for 0.00339 bitcoin by pointing your phone at a sign next to the cash register
A Class Limousine ? Pick you up and drop you off at Newark (N.J.) Airport
Seoclerks.com ? Get SEO work done on your site cheap
Mint.com ? Mint pulls all your financial accounts into one place. Set a budget, track your goals and do more
Fancy.com ? Discover amazing stuff, collect the things you love, buy it all in one place (Source: Fancy)
Bloomberg.com ? Online newspaper
Humblebundle.com ? Indie game site
BigFishGames.com ? Games for PC, Mac and Smartphones (iPhone, Android, Windows)
Suntimes.com ? Chicago based online newspaper
San Jose Earthquakes ? San Jose California Professional Soccer Team (MLS)
Square ? Payment processor that help small businesses accept credit cards using iPhone, Android or iPad
Crowdtilt.com ? The fastest and easiest way to pool funds with family and friends (Source: crowdtilt)
Lumfile ? Server company that offers free cloud-based servers
Museum of the Coastal Bend ? 2200 East Red River Street, Victoria, Texas 77901, USA
Gap, GameStop and JC Penney ? have to use eGifter.com
Etsy Vendors ? Original art and Jewelry creations
Fight for the Future ? Leading organization finding for Internet freedom
i-Pmart (ipmart.com.my) ? A Malaysian online mobile phone and electronic parts retailer
curryupnow.com ? A total of 12 restaurants on the list of restaurants accept bitcoins in San Francisco Bay Area
Dish Network ? An American direct-broadcast satellite service provider
The Libertarian Party ? United States political party
Yacht-base.com ? Croatian yacht charter company
Euro Pacific ? A major precious metal dealer
CEX ? The trade-in chain has a shop in Glasgow, Scotland that accepts bitcoin
Straub Auto Repairs ? 477 Warburton Ave, Hastings-on-Hudson, NY 10706 ? (914) 478-1177
PSP Mollie ? Dutch Payment Service
Intuit ? an American software company that develops financial and tax preparation software and related services for small businesses, accountants and individuals.
ShopJoy ? An Australian online retailer that sells novelty and unique gifts
Lv.net ? Las Vegas high speed internet services
ExpressVPN.com ? High speed, ultra secure VPN network
Grooveshark ? Online music streaming service based in the United States
Braintree ? Well known payments processor
MIT Coop Store ? Massachusetts Institute of Technology student bookstore
SimplePay ? Nigeria?s most popular web and mobile-based wallet service
SFU bookstore ? Simon Fraser University in Vancouver, Canada
State Republican Party ? First State Republican Party to accept bitcoin donations (http://www.lagop.com/bitcoin-donate)
mspinc.com ? Respiratory medical equipment supplies store
Shopify.com ? An online store that allows anyone to sell their products
Famsa ? Mexico?s biggest retailer
Naughty America ? Adult entertainment provider
Mexico?s Universidad de las Am?ricas Puebla ? A major university in Mexico
LOT Polish Airlines ? A worldwide airline based in Poland
MovieTickets.com ? Online movie ticket exchange/retailer
Dream Lover ? Online relationship service
Lionsgate Films ? The production studio behind titles such as The Hunger Games and The Day After Tomorrow
Rakutan ? A Japanese e-commerce giant
Badoo ? Online dating network
RE/MAX London ? UK-based franchisee of the global real estate network
T-Mobile Poland ? T-Mobile?s Poland-based mobile phone top-up company
Stripe ? San Francisco-based payments company
WebJet ? Online travel agency
Green Man Gaming ? Popular digital game reseller
Save the Children ? Global charity organization
NCR Silver ? Point of sales systems
One Shot Hotels ? Spanish hotel chain
Coupa Caf? in Palo Alto
PureVPN ? VPN provider
That?s my face ? create action figures
Foodler ? North American restaurant delivery company
Amagi Metals ? Precious metal furnisher
Note: More who accepts bitcoins companies, stores, merchants will be added as they?re announced!
Businesses that accept bitcoin..
List of Companies Who Accepts Bitcoins as Payment!
Many companies are accepting bitcoins, many are not. Here is a list of the biggest (and smaller) names who accepts bitcoins as a currency.
WordPress.com ? An online company that allows user to create free blogs
Overstock.com ? A company that sells big ticket items at lower prices due to overstocking
Subway ? Eat fresh
Microsoft ? Users can buy content with Bitcoin on Xbox and Windows store
Reddit ? You can buy premium features there with bitcoins
Virgin Galactic ? Richard Branson company that includes Virgin Mobile and Virgin Airline
OkCupid ? Online dating site
Tigerdirect ? Major electronic online retailer
Namecheap ? Domain name registrar
CheapAir.com ? Travel booking site for airline tickets, car rentals, hotels
Expedia.com ? Online travel booking agency
Gyft ? Buy giftcards using Bitcoin
Newegg.com ? Online electronics retailer now uses bitpay to accept bitcoin as payment
Dell ? American privately owned multinational computer technology company
Wikipedia ? The Free Encyclopedia with 4 570 000+ article
Steam ? Desktop gaming platform
Alza ? Largest Czech online retailer
The Internet Archive ? web documatation company
Bitcoin.Travel ? a travel site that provides accommodation, apartments, attractions, bars, and beauty salons around the world
Pembury Tavern ? A pub in London, England
Old Fitzroy ? A pub in Sydney, Australia
The Pink Cow ? A diner in Tokyo, Japan
The Pirate Bay ? BitTorrent directories
Zynga ? Mobile gaming
4Chan.org ? For premium services
EZTV ? Torrents TV shows provider
Mega.co.nz ? The new venture started by the former owner of MegaUpload Kim Dotcom
Lumfile ? Free cloud base file server ? pay for premium services
Etsy Vendors ? 93 of them
PizzaForCoins.com ? Domino?s Pizza signed up ? pay for their pizza with bitcons
Whole Foods ? Organic food store (by purchasing gift card from Gyft)
Bitcoincoffee.com ? Buy your favorite coffee online
Grass Hill Alpacas ? A local farm in Haydenville, MA
Jeffersons Store ? A street wear clothing store in Bergenfield, N.J
Helen?s Pizza ? Jersey City, N.J., you can get a slice of pizza for 0.00339 bitcoin by pointing your phone at a sign next to the cash register
A Class Limousine ? Pick you up and drop you off at Newark (N.J.) Airport
Seoclerks.com ? Get SEO work done on your site cheap
Mint.com ? Mint pulls all your financial accounts into one place. Set a budget, track your goals and do more
Fancy.com ? Discover amazing stuff, collect the things you love, buy it all in one place (Source: Fancy)
Bloomberg.com ? Online newspaper
Humblebundle.com ? Indie game site
BigFishGames.com ? Games for PC, Mac and Smartphones (iPhone, Android, Windows)
Suntimes.com ? Chicago based online newspaper
San Jose Earthquakes ? San Jose California Professional Soccer Team (MLS)
Square ? Payment processor that help small businesses accept credit cards using iPhone, Android or iPad
Crowdtilt.com ? The fastest and easiest way to pool funds with family and friends (Source: crowdtilt)
Lumfile ? Server company that offers free cloud-based servers
Museum of the Coastal Bend ? 2200 East Red River Street, Victoria, Texas 77901, USA
Gap, GameStop and JC Penney ? have to use eGifter.com
Etsy Vendors ? Original art and Jewelry creations
Fight for the Future ? Leading organization finding for Internet freedom
i-Pmart (ipmart.com.my) ? A Malaysian online mobile phone and electronic parts retailer
curryupnow.com ? A total of 12 restaurants on the list of restaurants accept bitcoins in San Francisco Bay Area
Dish Network ? An American direct-broadcast satellite service provider
The Libertarian Party ? United States political party
Yacht-base.com ? Croatian yacht charter company
Euro Pacific ? A major precious metal dealer
CEX ? The trade-in chain has a shop in Glasgow, Scotland that accepts bitcoin
Straub Auto Repairs ? 477 Warburton Ave, Hastings-on-Hudson, NY 10706 ? (914) 478-1177
PSP Mollie ? Dutch Payment Service
Intuit ? an American software company that develops financial and tax preparation software and related services for small businesses, accountants and individuals.
ShopJoy ? An Australian online retailer that sells novelty and unique gifts
Lv.net ? Las Vegas high speed internet services
ExpressVPN.com ? High speed, ultra secure VPN network
Grooveshark ? Online music streaming service based in the United States
Braintree ? Well known payments processor
MIT Coop Store ? Massachusetts Institute of Technology student bookstore
SimplePay ? Nigeria?s most popular web and mobile-based wallet service
SFU bookstore ? Simon Fraser University in Vancouver, Canada
State Republican Party ? First State Republican Party to accept bitcoin donations (http://www.lagop.com/bitcoin-donate)
mspinc.com ? Respiratory medical equipment supplies store
Shopify.com ? An online store that allows anyone to sell their products
Famsa ? Mexico?s biggest retailer
Naughty America ? Adult entertainment provider
Mexico?s Universidad de las Am?ricas Puebla ? A major university in Mexico
LOT Polish Airlines ? A worldwide airline based in Poland
MovieTickets.com ? Online movie ticket exchange/retailer
Dream Lover ? Online relationship service
Lionsgate Films ? The production studio behind titles such as The Hunger Games and The Day After Tomorrow
Rakutan ? A Japanese e-commerce giant
Badoo ? Online dating network
RE/MAX London ? UK-based franchisee of the global real estate network
T-Mobile Poland ? T-Mobile?s Poland-based mobile phone top-up company
Stripe ? San Francisco-based payments company
WebJet ? Online travel agency
Green Man Gaming ? Popular digital game reseller
Save the Children ? Global charity organization
NCR Silver ? Point of sales systems
One Shot Hotels ? Spanish hotel chain
Coupa Caf? in Palo Alto
PureVPN ? VPN provider
That?s my face ? create action figures
Foodler ? North American restaurant delivery company
Amagi Metals ? Precious metal furnisher
Note: More who accepts bitcoins companies, stores, merchants will be added as they?re announced!
- Feb 26, 2001
- 13,593
- 164
- 63
For coinbase, did you have to give them your checking account information to have a USD account there? I would like to use coinbase to store cash without sending it back to my bitpay card and not being able to get it back if I need it.
I was going to add my bitpay card info on coinbase but didn't think that alone would allow me to store USD there.
- Feb 26, 2001
- 13,593
- 164
- 63
- Feb 26, 2001
- 13,593
- 164
- 63
I was able to send funds from Blockchain to my USD account at Coinbase quickly. But then to withdraw out of Coinbase there is a 48 hour wait period. Is that what you experience too? I was looking for something to move funds in and out of quick without it being stuck in BTC. I haven't set up my checking info but wasn't sure if you experience the same thing. Thanks.
There has never been a moment when the intrinsic value of economies were overlapped in a technology such as distributed ledger; a finite commodity.
If housing burst, bitcoin flows into financial store of value, if financial burst Earnst and Young utilize it for documentation, or medical, or driverless car, or ID verification.
Bitcoin is the gas or token to ride the blockchain. There are 15,000 millionaires in the US alone. There are only 21 million coins ever and most lost or yet mined or locked away in untouched wallets.
Large Banks as of last week admit to mining operations to obtain as much bitcoin as possible. there is a digital currency race similar to the nuclear arms race where Japan (highest debt) was first to legalize it for retail payments, followed by S. korea, Russia, and China.
This is... sips kool aide.... a game changer.
It clicked for me when I read the white paper by Satoshi.
still early.
If housing burst, bitcoin flows into financial store of value, if financial burst Earnst and Young utilize it for documentation, or medical, or driverless car, or ID verification.
Bitcoin is the gas or token to ride the blockchain. There are 15,000 millionaires in the US alone. There are only 21 million coins ever and most lost or yet mined or locked away in untouched wallets.
Large Banks as of last week admit to mining operations to obtain as much bitcoin as possible. there is a digital currency race similar to the nuclear arms race where Japan (highest debt) was first to legalize it for retail payments, followed by S. korea, Russia, and China.
This is... sips kool aide.... a game changer.
It clicked for me when I read the white paper by Satoshi.
still early.
why would anyone use a decentralized currency such as bitcoin and go through a centralized banking channel????
