Paper money will not be completely banned. What will happen is the legalization of the digital money thus giving options to the people either to transact through the paper one or digital based. Digital currency and to be specific, bitcoins when accepted by a majority of countries as a official currency will mean that banks will have no option but cope up with the trend. As much as there are people who value digital money, there are those who will still be glued to paper money and thus it can not be scrapped away.
Also as long as you cannot use BTC at a merchant if your smartphone's battery is drained, paper money will exist. I usually pay for things with my fiat paypass card. But, there is always a few bank notes next to my bank card just in case there is some problem with the merchants' POS terminals or with the internet connection. So as long as someone solves the problem of paying offline with the BTCs, paper money will still exist. Yes, there is no substitute for paper money in the coming years for sure, it may loose its popularity because of e-currencies like bitcoins and many other which would exist in future, but paper will stay in the market and cannot get simply disappear as the people have more faith in paper currency as compared to cryptos. It's not only future e-currencies that can be a competitor for BTC. If you just think about shopping on a website and don't care about investing, BTC is really similar to paypal and the other e-money companies in the meaning of payment processing during a buying. People are using now Paypal and others, there will be no problem to get used to BTC as well. |
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Safest way is to not gamble at all  If you do decide to gamble, you should make sure to know when to bet more and when to stop betting and retreat. It's not the best solution to say not to gamble at all if ha wants to. The possible solution is to find a strategy, that can minimize risk and can save bankroll. With a proper strategy luck will have time to find you before all your BTCs are gone. |
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Paper money will not be completely banned. What will happen is the legalization of the digital money thus giving options to the people either to transact through the paper one or digital based. Digital currency and to be specific, bitcoins when accepted by a majority of countries as a official currency will mean that banks will have no option but cope up with the trend. As much as there are people who value digital money, there are those who will still be glued to paper money and thus it can not be scrapped away.
Also as long as you cannot use BTC at a merchant if your smartphone's battery is drained, paper money will exist. I usually pay for things with my fiat paypass card. But, there is always a few bank notes next to my bank card just in case there is some problem with the merchants' POS terminals or with the internet connection. So as long as someone solves the problem of paying offline with the BTCs, paper money will still exist. |
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Is there a kind of stop-loss thing in BTC trading that you have in forex? Just to be on the safe side if market goes opposite your prediction in the end and you don't want to lose all your bankroll in the very first trade... I'm just asking because I don't want to do day trade because I can't check the price during the working hours so I need something to close my position if price starts to move agains me.
Yes most exchanges have ways to put in a stop loss and/or triggers to execute trades if the price reaches your target. Triggers and stop losses are a very good idea.. It is all about risk management and stopping loss is a huge part of being successful.. If you make 5 trades, loose 1% each on 4 of them but make 12% on one good trade you are up 8%. You cannot make a good trade every time IMO, you only have to make a few good trades of many as long as your gains in the good trades outweigh your losses in not so good trades. [/quocan So basically it's the same like trading with stocks or forex? I mean if someone has experience with any of them, then it's an advantage in trading BTC or it's a special market with special things to learn before you can become a successfull trader here? Are all of the exchanges good enough to start trading or there are exchanges for people with different experience level (and/or bankroll)? |
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If banks start lossing traction Bitcoin wins it in return. Even if banks ignore Bitcoin and remain indiferent, it doesn't matter, Bitcoin keeps improving daily. There is literally nothing that can stop it at this point, banks don't even enter the equation. I don't think that banks are out from this competition already. In my country intrabank transactions were cleared overnight only for few years time before. After they changed the system and bank transfers have beeb issued on electronic banking systems were done in max. 4 hours. Now in the news I can see that they are planning to implement the quicker system with max. 2 hours timeframe (under final testing). After it, they are thinking on a solution similar to BTC with instant transactions. So it's not over already with the banks I guess |
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i wondering what different between xapo,e-coin and coinbase debit card?is all of them have overplus?
and i'm still check and get some information all of them,and the best maybe can used by me,and glad to be know that there was 3 debit card that i know.
Well i know the differences between them, firstly xapo has their debit card which when you spend your bitcoin it takes that moment conversation rate, with e-coin you should first convert bitcoin to fiat money at their website and then spend, and about coinbase i have not much information as it is a new product nowadays. XAPO: online card, attached directly to your XAPO wallet E-coin: so called PrePaid card which you top up from your BTC account. After the top up you can use it as a regural bank card. (But in this case you can exchane the same amount to fiat and use your existing fiat bank card. Why to have 2 cards for the same purpose?) |
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so many reason why customer use bitcoin,i will write it some.
1. easy to use,you can use it anywhere as you find bitcoin ATM or by smartphone with internet connection
2. friendly for newbie,newbie not feel hard to use and understand bitcoin procces
3. non physical,its benefit for busy man,not have to bring bag or physical wallet
4. easy to carry,just bring smartphone,you can bring payment method
5. fast payment,fast and low fee,its loving by anyone who using payment.
One thing I'm thinking about continously in connection with these benefits. To have most of the benefits you should handle your BTCs with a smartphone. What if the smartphone's battery drains? I know there are portable power banks, but let's say every of your batteries have drained. If you use fiat or bank card, there is no problem, they don't depemd on battery. Maybe the BTC debit card can be the solution, as long as someone doesn't invent a specific hardware for spending BTC's at merchants. |
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i chosen roulette because it's all about statistiques and luck
but also i like to gamble on other things like sports especially football
and also like playing poker and blackjack
How statistiqes helps you play roulette? If you play like you always put your bet on red and if you lose you double your bet and put it on red again, according to statistiqes after 10 or even 15 rolls there should be a red if it was all blacks before. But if - let's say - after the 20th round there is still black only, it is the problem of the statistiqes (and your of course). Because statistiqes say there should be, but not there have to be red so it is also based on luck mostly, I think |
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The headline is misleading. It's a bitcoin debit card only available for residents of some american states. The EU is discussing cracking down on virtual currencies and prepaid cards, so I doubt it's going to be offered to EU citizens. Besides, bitcoin debit cards are nothing new, a number of exchanges were already offering them but with high fees.
There is a catch: The card is currently only available to residents of Alabama, Arizona, California, Delaware, Georgia, Idaho, Iowa, Kansas, Maine, Mississippi, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Oklahoma, Pennsylvania, Puerto Rico, South Dakota, Texas, Vermont, Washington, West Virginia and the District of Columbia. That's two-dozen regions in all.
Yeah, that does kind of suck. It is unfortunate that the EU will probably not get the Bitcoin debit card. It is the EU and Bitcoin that will lose out, not America. I feel sorry for you. EU can apply for XAPO's card, I also have one. It's directly connected to your wallet and it only exchanges fiat if it is needed. It's not a prepaid card, it's a normal VISA debit card (and also not a credit card). Despite of the acceptance of BTC via debit card, I also think that acceptance of BTC itself (and not about accepting the VISA debit BTC card) will spread only if merchants learn to accept BTC itself. |
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Because we can pay any service provided remotely, and hide our identity. It is quick and cheap. No one is easy to identify the source of the money.
The bitcoin transaction is traceable. If you pay with your bitcoin to a on line shop, and the goods is delivered to your home. From that moment on, all the bitcoin in that wallet address will be linked to you. It is not anonymous any more. The authority can ask the shops to reveal your identity. That's absolutely true. You can stay anonymous as long as you only transfer money from wallet to wallet. But if you pay for an item or for a service where you need to reveal your identity, anonimity is over. If you want to hide your bitcoins, you need to have a wallet for spending and you need to top it up only very before the purchase. If you can use variety of wallets to top up the spending wallet, you won't be anonymous but your remaining BTC's were still be hidden. |
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I've heard about bitcoin a few years before when they have set up an ATM in my country as well and they were in the news. After this year, in May, I just googled it if there is a BTC bank card. That time was when XAPO had started to roll out their debit card but after a long mail conversation with their customer service I decided not to take part in the test period because of the high prices. Later on, this year September I've googled again about them and saw that the debit card is working normally, the test period was already over. I've decided to join and also I've joined this forum to learn. My first transaction was that from my first earnings (from a signature campaign) I have bought a coke with my new debit card (0,5 l of coke and it took my whole salary of that week  ) Paying for daily goods in shops with BTC card is really fun, because they don't even know what kind of card I use, so they don't know that I'm paying with my bitcoins. But I don't want to spend my hard earned BTC's if price will continously rise like nowdays |
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i got the impression that Bitcoin has gotten really under fire over that last nine days since the Paris attacks. i hope this will not damage Bitcoin for a long time.
Bitcoin is more transparent than cash payment. All the government should promote its use to fight terrorism. When a employer pay you the bitcoin, from that point on, all your transaction is traceable. The government will know to whom you pay with the bitcoin. If they are in doubt, they can ask you. Bitcoin can be traceable if every person has one official wallet and uses it for payments. If government wants to control it, it can regulate in the law that you have to use one wallet only and you should let them know your public key to register it to you personally. After this bitcoin can become traceable but not centrally controlled. |
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How would you change the fee, since bitcoin is a P2P network? Does someone go around asking people, "Hey! Stop paying 0.0001 as your tx fee! The meta is now 0.00001!"? Or do we have to switch to a totally different Bitcoin client?
This is all quite confusing to me, as you can see, I'm a mere Jr Member. Enlighten me.
The fee is not fixed. In the core client, there is recommended fee, such as 0.0001btc/kB. But you do not have to pay that. You can choose your fee. In the busy times, it is better to pay higher fees to get faster confirmation. In the not so busy times, you can reduce the fee to lower than the recommended fees and can still get confirmed. Mycellium wallet asks me what priority I want to use when I want to send a transaction. If I remember well, there are 4 or 5 priorities, like Low, Economy, Normal, High. Fees are really different, but I haven't noticed if they are hard coded into the app nor I have noticed if they are changing by the amount or peak time. I usually use Economy because fee is nearly 0 but in a little time my transaction is always becomes confirmed. |
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Bitart
Thanks this one too!
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I've got an S5 and an S7 running and I am making a profit after electricity costs but not yet on return on investment (ROI) until early nest year. I had to insulate my small basement storage room to reduce the very loud noise to make my wife happy. I also had to install a vent fan in the wall to expel the significant heat the miners produce into the garage, and I had to install two vents for air input. I also had to extend two electrical sockets from different circuits to the basement, one for each miner. The costs of the miners, power supplies and this additional hardware for electrical, cooling and noise will take me a while before I get my return on investment. If you are single, heck, you can run a miner in the kitchen and heat the house if you want to.
I sell some mining coin to pay for the electricity costs over and above my normal budget for electricity every month. I am mining to gather bitcoin over time and I don't worry about the price. If you want to get started on a small scale, purchase an AntMiner S3 or an S5 for a few hundred bucks and give it a go. Before I did all this I learned how to establish a cold wallet and a watching wallet to protect my proceeds. I also read up on the mining reward halving that happens every four years to determine if the profitability will continue with the miners I have when the halving occurs. I consider it a hobby and I enjoy it.
-Ondart
Could you please advice where you have read about cold and watching wallet? I'm using google of course but to find a quick summary on the topic would be really helpful. How do you mean that you can heat the house with that miner? Does it generate significant heat (only one piece) Does it worth to mine on your own or nowdays you need to join somewhere to get some coins? What do expect with the next halving in connection with price? |
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Personally I don't think holding bitcoins will be a good way to make money. There are still risks involved and who knows, maybe bitcoin will be worthless in the future. I suggest you start to trade it, its not that easy though but I heard it will be a good way to make money with your bitcoins compared by just holding it.
If you don't want to start trading, because of any reason, you can make profit with holding your bitcoin as long as the actual price is higher then when you have bought it. If you have bought it for $50, holding it is much less risky than trading with it. But if you have bought it for $500 then you should start to trade with it in order to minimize your loss on price |
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