The price is simply derived by supply and demand. At the very beginning, Bitcoins were worth literally nothing. Thats right, nothing. Why you ask, well, no one was buying them, so the only owners were miners, and Bitcoin didn't simply have any value.
Only later on with the first exchanges made between users a price was starting to take shape, then with the first actual exchange the price started to take it's course until what we have today.
OK so basically the bitcoin price started increasing after people became aware of it. So I was right in saying it works the same way as the stock market with respect to the demand and supply. I wonder why did the price fall from $1000 to $200 - $300. Was it because the demand was high or was it adopted by a brand/company which made the price reach that amount? |
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Thanks for the payment. I'll try to post on more forums as well soon  |
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When I started trading in Bitcoins, the rate was above $300 but through some discussions on this forum, I noticed the price had crossed $1000. When was it and on what factors does this price depend on? Does it work the same way the stock market and forex operate? Also, what was the highest price bitcoin ever attained and the lowest price as well?
Currently the price is $287 and am waiting it to again reach atleast $300.
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When did it cross $300? The price did not cross $295 in the past 2 days. I kept checking it from time to time. I was expecting it to reach $300 but it is stable at $295. May be we have to wait another week.
Apparently it did in some exchanges, I assume they aren't the main ones since I cannot find any all time high of 300 in the big ones. It did on localbitcoins. I guess you are talking about the Ask/Bid price on the exchanger websites. Well that price cannot counted as valid as the fee is also attached to it and so when someone buys the BTC, they bit it for a higher price and vice versa. |
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Still selling this Sears gift card worth $100 and $15 worth Amazon gift cards. Will be adding more Amazon gift cards as well.
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I have made few posts yesterday after joining this campaign. Are they counted? This is because I cannot see the number of posts for which I will be paid and do I still require to make 16 more posts to be eligible for payout according the the table?
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I tried all the websites and all the websites only are for US residents where some send checks to US residents and send only to US PayPal accounts.  |
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I feel that it's better that bitcoins are regulated. It will be more safer to use and a recognized entity as it is said in the article that currently Bitcoin can be used for illegal activities like funding terrorist organizations but with the regulation, this risk will reduce significantly.
We have books of regulations for fiat currency. Criminals still use it. So do terrorists. You cannot regulate away people with nefarious intentions regardless of what their chosen medium of exchange is. There will always be criminals and they will always use currency no matter the format. Criminals can get anything without any verification but if the currency is regulated, it will atleast not be illegal to use for users who are earning it and not using it for illegal activities. Currently in some countries, transaction in bitcoins is considered illegal. |
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Seriously $1 for 1 Satoshi?  Today 10000 Satoshi also isn't worth $1 and I just stopped using Satoshi's when I did a job worth about 25000 Satoshis which took me 2 days and I got to know the price I earned was less than $0.3. 1 Satoshi could be worth $0.01 soon though LOL  |
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I made only 0.01 till now by trading and I cannot reveal how much I lost as my profit will become negative then  Even if I delay by a day, I end up losing but this week has been profitable for me as the price is stable at $290. My BTC which was worth $7.79 2 days back was worth $7.75 today when I traded it  |
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And what about the people who bought BTC when it was $1000 and now the price hasn't reached $300? For them BTC is already dead. It's better not to store BTC in the hope that the price will increase ONE DAY.
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Agreed paypal fees are horrible.. something must b done!
The thing that bugs me is that the ebay fees are calculated on the whole sale amount, even though you have no choice but to get the money through paypal. The 10% ebay fee should be calculated on the amount you actually get in your paypal account, after paypal fees. I feel like they double dip there, on top of their already outrageous fees. They unfortunately don't consider the PayPal fee and charge their sole 10% on all products with the result of which people over price their product and rarely get any sellers. I also tried to auction my product but closed it when I realized I am losing PP fee of 4.5% + $0.35 and their 10%. It isn't worth my time. |
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I made a post now and sent you the link via PM. Please verify the same and credit my BTC address: 15kADsBTud7qMKqD6cBcvGpnJX37Lznuhh
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When did it cross $300? The price did not cross $295 in the past 2 days. I kept checking it from time to time. I was expecting it to reach $300 but it is stable at $295. May be we have to wait another week.
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You are allowed to rent your signature space for ads. That's why there are so many signature campaign out there. I've been renting my signature for over a year and never been banned.
You are banned because you were making insubstantial posts (spamming the forum) to earn BTC from signature campaign. That's all.
I checked his recent posts and found him making quite a few posts daily: https://bitcointalk.org/index.php?action=profile;u=263073;sa=showPostsIt appears he made less than 10 posts a day and many posts are more than 2 lines. |
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There are many ways of earning.
1. Through Giveaways in the Games and Rounds section
2. By enrolling in Signature Campaigns (It's better to be a Full Member)
3. By buying gift cards for cheap and selling them for a higher rate (although I don't prefer this method)
4. By completing jobs in the Services section.
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I feel that it's better that bitcoins are regulated. It will be more safer to use and a recognized entity as it is said in the article that currently Bitcoin can be used for illegal activities like funding terrorist organizations but with the regulation, this risk will reduce significantly.
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