Didn't mean to hijacked this thread but damn, Anthony Joshua get off the floor, score three knockdowns of his own, then stop Wladimir Klitschko  in the eleventh round. I think Wladimir Klitschko is done now. Lost to Tyson Fury in 2015 and now to the younger Anthony Joshua. I know they used to be sparring partner before, but now Joshua proved he is the King now. Their is a rematch clause though, so let us see what would be Wladimir's next move, though he should retire and let Fury vs Joshua fought and continue the legacy of the Heavyweight division.

Of course, we all love to see bitcoin being recognized around the world. The problem is that being is de-centralized, meaning the government does not have any control over it. And it could also rival their main local currency that's why they are afraid to embrace bitcoin. This is one of the main point why almost all nation is anti-bitcoin. Some countries put tighter regulation in place for check and balance.

But if only they understand that accepting bitcoin will open a lot of opportunities to the general public like trading and investing in bitcoin as store of value. This will give a lot of people to put money in bitcoin and save if for long term and make a profit. Others can use bitcoin to as a mode of payment specially for those who don't have a credit card. In many parts of Africa, Latin America, and even Asia, most people have no access to credit or some form of digital payments; with bitcoin, that infrastructure comes for free. We are just starting to scratch the surface of the potential of bitcoin used globally.

Its de-centralized so its hard for any government to have total control over it.

Except for Japan who truly accepts bitcoin. But other country, like The Philippines, has put a regulation on exchanges to comply with the country's KYC/AML rule. So it you are own bitcoin and want to convert it to your local currency you just have to submit documents to those exchanges and transfer your bitcoin to them. So its no gimmick for those bitcoin friendly country.

Correct me if I'm wrong, you are saying that we should buy low and sell high?

But the current price of bitcoin is so high so buying is not recommended. But for me, the best option is to hold it and just save it for long term. Because I believed that the price of bitcoin is going strong and will likely to increase in the next couple of years. It's up to you whether you want it to sell now because the price is really attractive specially those that bought bitcoin at sub or jus a shade $1000. Think, think, think before making your move in this volatile market price.!!!

Looks like Cal has already taking some actions to settle the allegation.  I hope the PaypalForBTC should provide the evidence first here. So everything can be transparent to both crypto players and to Nitro as well.  Show us the proof that you are talking about that they cheated you.

To NitrogenSports (Cal) much better also to see what the actual allegations against you. I still have doubts on the allegation and you already build trust and rep among us here. And I hope this can be settle ASAP between you and PaypalForBTC.

We should all watch the Bitfinex drama right now. There current price is way above $100 as compare to other exchangers. Because traders can't withdraw USD, thus converting it to bitcoin and it looks like they are pumping it. As a result they are creating a temporary bubble that is waiting to be burst anytime. With that said, I think $2000 is not possible yet, because another dump will be coming. So the price will go down as usual, but I also believe that with the incoming dump, bitcoin can quickly recover from it and maybe who knows, by the end of the we are gong to touch $2000.

This caught my attention. I don't agree with the following reason why people should not invest in bitcoin as store of value. What has security or trust issue has something to do with it?

Let say, if one currency is inflationary and another currency is deflationary in nature, which do you think the general population rather store or save over the long term? Obviously, people will side with the one that rises in value over time, which is bitcoin.


Yes, definitely. With Bitcoin, it’s possible to pay for goods and services instantly by transferring the digital money straight from your wallet to someone else’s digital wallet. Easy as that.

Lol. Did you read the article before you comment?

Malta is very vocal about bitcoin and blockchain technology. There is even a draft about Malta's strategy to promote bitcoin and blockchain because they want to adopt bitcoin in general. Here' is a quote from chairman of the Economic and Financial Affairs Committee, Labour MP Silvio Schembri.

Malta can attract even 1 percent of the UK’s fintech post-Brexit, “it would mean an injection of €200 million into the local economy.” He wants Malta to have “the world’s best environment for the development and commercialisation of fintech models and disruptive innovation,” thus fulfilling his dream for the country to become the “the Silicon Valley of Europe”, Malta Today reported.


However, those who said "No" are bitcoin lawyers, entrepreneurs, and traders from Malta. They have their reasons whether valid or invalid. Kindly read the article to better grasp what the discussion is all about.

Bitfinex doing some damage control now. Rumors has been spreading and this is a PR nightmare to them. But I hope they would allow withdrawals then just declare bankruptcy. They have already created too much problem for the crypto community. First the hacked, then withdrawal problems. They cannot be trusted anymore. And it would very difficult to gain the confidence of traders and investors to their platform. I believe that they are talking to other trading platforms and trying to make a sell, otherwise collapsed is imminent.

Hmm. Looks interesting. Imagine, Kim Jong Un has a sleeper cells in the US already and has been integrating with the US population. And when the war erupts, Kim just need to activated this cell, set their target then boom!!! Trump Plaza and Casino is down. And not only that they can target US nuclear sites too. With this scenario, it will cause to the end of life as many living with big US cities and across America should a full war breaks between the two nation. This seems to be far fetching, but this could be possible.

I still clinging to the hope that the war should be averted by any means possible, because if not this will cause serious effect to globally specially if this turns out to be a nuclear war.

Yes is this the correct way of thinking about what is going on the price of Bitfinex right now. But the issue here is that they are creating a bubble here. I hope this is only a temporary bubble and will burst soon. The price on Bitfinex is a $100 more on other exchanges. That's why I said they are creating a bubble itself. 

With regards to Bitfinex, I think they are done already in the business. I'm feeling that it will collapse anytime soon in the face of the issue they are currently having.

They all started with the wrong notion about bitcoin. And it looks like that time they are "all-in" in bitcoin that why he suffered loses when the price slump. They don't really understand what bitcoin in the beginning. They all jump on the bandwagon thinking that they will become millionaires. Its not a get to rich scheme. This is the problem when they all started.

But the article also says that he bought bitcoin as store of value and save it for longer term. This I would agree because this is also my idea on what one should do if they have money. Bought bitcoin and save it for long term as investment because the price will exponentially double in the years to come.

The price of bitcoin is Bitfinex is $100 higher than any other exchanges. Because investors and traders can't withdraw their USD that's why they are converting it bitcoin. I think the bubble has started and maybe in a few days from now, it will burst creating a spiral impact downward. Don't get me wrong, I'm not creating FUD and I'm so against it. But that's how I'm seeing things currently. Bitfinex price is so being pump right now that anytime it will burst. I just hope that I'm not correct in my speculation. So the likely hood of hitting $1500 is small.

Personally, I have started to told my kids about what I'm doing in front of my laptop everyday. My youngest kids age 10 has a keen interest on it because he is inclined to technology. I initially told them the bitcoin is like a paper money so he understand it very well. Its like monopoly or millionaires games that we have play with uses money as mode of payment to do transactions. So I think that's a good start. I will gradually start how bitcoin works and see where it goes. They are in vacation mode right now so no school time, we have a lot of father and son bonding time together about bitcoin. Hope I will succeed introducing it. Wish me luck guys!!!

Who says bitcoin will die? Bitcoin is here to stay for good no matter what person, country do to stop the popularity of bitcoin. It didn't start as a fad and will not go out of fashion.

There is always 2 side of a coin. People will always find a way to used bitcoin legal or illegal means. So you can't blame bitcoin if it is being used for illegal activities like drug dealers or even terrorist. This can be accomplished with fiat as well. So that argument is thrown out of the window.

On the other hand, if bitcoin will become mass adopted, and gains wide acceptance, then the demand it in would be high but the supply will be low, meaning the price of bitcoin will reach new heights like $10,000 per bitcoin, because it will be scarce, specially the next halving will occur in about 3 years.

Trading is safer than gambling. But both have risk as well if you are not also careful in trading and you have greed in yourself then you will lose as well. Like if you already have a good position to make a sell and already made a huge profit, but greed sets in and you still don't want to sell in hoping that the price will still go up and you will gain more profit. You have the skills and everything but when greed takes over you will be sorry in the end.

But still, greed is bad and for me there is no such thing as good greed specially in trading.

Let say you are holding a position for too long in the hope that you will see a positive change in the price. But the if you look at the current price, you are already making huge profits. But you don't want to sell because greed sets in and still want more money. But then the market change. And instead of gaining you loss because of your greediness. This is one of the most commonly problems with the traders. They are all victims of their own greed.

I think this is the final nail in the coffin for Bitfinex. Their reputation are already ruined in the crypto community and its very hard to recover from all the problems they face and brought to the community. Its just a matter of time before it collapsed. Heck, they may even face lawsuit from their customers who can't withdraw their money. And it you look at the price btc in Bitfinex is way above some major exchanges. This is so alarming as they are creating a bubble that is going to burst soon. And we don't want that to happen because bitcoin price is really gaining momentum and may be touching a new ATH again.

Good advice indeed. I did not get this kind of advise when I was starting with bitcoin and the best advise I got is to earn "free" bitcoin through faucet. What a waste of time.

If I may add, I would have love to say, join signature campaigns, but since you are a newbie its not possible. Maybe you want to visit this link as well: https://bitcointalk.org/index.php?topic=1777912.0 ->> 100 Ways To Earn Bitcoin. You check that link and see what fits your need. Goodluck to your journey in bitcoin world. Also stay away from cloud mining they will just scam you.

Japan coming into the picture might contribute but I do believed that its too early to say that they are the one causing the price of bitcoin reaching new heights for the last week or so. It's not even a month since Japan legalized bitcoin so its early to say that they have much impact to the price lately. What I'm speculating is that is has to do with the Bitfinex issue. Since investors cannot withdraw their USD in Bitfinex, they are now converting it to bitcoin instead, that why we are seeing a jump in price specially in Bitfinex which stands at $1440.5 currently, that is 7% - 10 % higher than other exchanges.