Million Dollar Bitcoin Value? Roger Ver Weighs In On Why He Thinks It's Possible

[rogerver]

https://www.youtube.com/watch?v=f_3WHhnMMAU

[nandibear]

Thanks, Roger.

I enjoyed the interview (Jim Paris Live show) and directly below are some notes which I jotted down while listening:


(1) This was very my first time learning about the Purse.io website.

At the purse.io site one can use Bitcoins to make purchases at Amazon. It appears that Amazon credit (or Amazon gift cards) is sold at discount prices.

There are two groups at the purse.io site: (a) Those who wish to sell their Amazon credit (b) Those who wish to use their Bitcoins to make purchases at Amazon.

Many of the individuals selling their Amazon credit are located outside of the United States in countries where they've done work online for which they were paid in Amazon credit or gift cards (this is more common than many of us realize).

It appears that individuals interested in using Bitcoin to purchase items at Amazon may ask for discounts up to 50% at purse.io

Ultimately it's the decision of those selling their Amazon credit to accept the discount price. Its appears that credit sellers may also advertise the discount percentage that they'd be willing to sell at.

In the end Purse.io orders the item(s) at Amazon, accepts the buyers Bitcoins, and pays out local currency to the credit sellers (many of whom are located outside of the United States).

For more about purse.io please listen to the following segments of the featured interview:

15:10 - 23:00 and 28:20 - 29:25 and 32:10 - 33:25 and 46:00 - 47:05


(2) While listening to the featured interview this was also my first time learning about the ShapeShift.io website.

At the shapeshift.io site one can efficiently and effectively (easily, swiftly and no questions asked) use their cryptocurrency (e.g., Bitcoin) to buy other cryptocurrencies (e.g., Litecoin, Dash).

It appears that there at least forty (40) cryptocurrencies available at the site.

For more about shapeshift.io please listen to the following segment of the featured interview:

44:35 - 45:10


(3) I also gathered the following regarding Bitcoin ATM machines while listening to the interview:

(a) Bitcoin ATM machines can be purchased for $5000 - $6000 dollars.

(b) placing these ATMs in restaurants and stores (doesn't need to be your own store) might be relatively easy because the owners of these business may become more popular by just having a Bitcoin ATM located inside their place. There's not too many Bitcoin ATMs around so by having one they might gain new customers and additional demographics.

(c) after you purchase the Bitcoin ATM machine you may then set the price at which you are willing to sell (and buy if your machine is equipped for that) Bitcoins. For example, you may charge 4%, 8% or even 10% or more. Example, at 4% you would be selling $100 worth of Bitcoin for $104 (and perhaps some additional fee(s).

(d) it appears that some Bitcoin ATM machines have purportedly been selling several hundred thousand dollars of bitcoin per month. Even at just 4% that would at least $28,000 profit (i.e., 4% of $700,000) per month.

For more about Bitcoin AMT machines please listen to the following segment of the featured interview:

47:10 - 50:05

[iFixBTCmemoryIssues]

Thanks, Roger.

I enjoyed the interview (Jim Paris Live show) and directly below are some notes which I jotted down while listening:


(1) This was very my first time learning about the Purse.io website.

At the purse.io site one can use Bitcoins to make purchases at Amazon. It appears that Amazon credit (or Amazon gift cards) is sold at discount prices.

There are two groups at the purse.io site: (a) Those who wish to sell their Amazon credit (b) Those who wish to use their Bitcoins to make purchases at Amazon.

Many of the individuals selling their Amazon credit are located outside of the United States in countries where they've done work online for which they were paid in Amazon credit or gift cards (this is more common than many of us realize).

It appears that individuals interested in using Bitcoin to purchase items at Amazon may ask for discounts up to 50% at purse.io

Ultimately it's the decision of those selling their Amazon credit to accept the discount price. Its appears that credit sellers may also advertise the discount percentage that they'd be willing to sell at.

In the end Purse.io orders the item(s) at Amazon, accepts the buyers Bitcoins, and pays out local currency to the credit sellers (many of whom are located outside of the United States).

For more about purse.io please listen to the following segments of the featured interview:

15:10 - 23:00 and 28:20 - 29:25 and 32:10 - 33:25 and 46:00 - 47:05


(2) While listening to the featured interview this was also my first time learning about the ShapeShift.io website.

At the shapeshift.io site one can efficiently and effectively (easily, swiftly and no questions asked) use their cryptocurrency (e.g., Bitcoin) to buy other cryptocurrencies (e.g., Litecoin, Dash).

It appears that there at least forty (40) cryptocurrencies available at the site.

For more about shapeshift.io please listen to the following segment of the featured interview:

44:35 - 45:10


(3) I also gathered the following regarding Bitcoin ATM machines while listening to the interview:

(a) Bitcoin ATM machines can be purchased for $5000 - $6000 dollars.

(b) placing these ATMs in restaurants and stores (doesn't need to be your own store) might be relatively easy because the owners of these business may become more popular by just having a Bitcoin ATM located inside their place. There's not too many Bitcoin ATMs around so by having one they might gain new customers and additional demographics.

(c) after you purchase the Bitcoin ATM machine you may then set the price at which you are willing to sell (and buy if your machine is equipped for that) Bitcoins. For example, you may charge 4%, 8% or even 10% or more. Example, at 4% you would be selling $100 worth of Bitcoin for $104 (and perhaps some additional fee(s).

(d) it appears that some Bitcoin ATM machines have purportedly been selling several hundred thousand dollars of bitcoin per month. Even at just 4% that would at least $28,000 profit (i.e., 4% of $700,000) per month.

For more about Bitcoin AMT machines please listen to the following segment of the featured interview:

47:10 - 50:05

Owners of ATM's make more money from pubs and clubs than the sale of liquor does

[SOF]

>nandibear

Thanks for the detailed breakdown.

I also hope it will reach a million per Bitcoin, and not in the too distant future, as it will benefit my buy and hold strategy.

V the Guerrilla Economist says the Petrodollar will be gone by 2018 and by then Gold and Silver will be restored to their true value in the BRICS / AIIB New Economic Order based on true available supplies in the world, their rate of consumption, etc, before balancing out to the 1:10 ratio (currently at 1:75 ratio).

Bitcoin should be able to ride this wave and if Gold and Silver doesn't increase high enough, it is hoped the Bitcoin investment will make up for that shortfall. It is not so much as 'hope and pray' but seeing that Bitcoin has a future and will be adapted as people want out of being under bankster control and paying that extra bit to the bankers every time we are lured into the false convenience of credit transactions.