I think bitcoin is a good way to invest money because the value of bitcoin is growing over time like gold.
It is better to invest your money in bitcoin than to go and save in the bank where they'll give you very small interest over long time.
Investing your money in bitcoin is way better and more profitable than saving your money in the bank for long time.

Yes, banks has their ways of milking the public such as loans, mortgages, unnecessary bank charges and so on.
Bitcoin will not entirely remove banks out of the way because Governments and majority of the people are still using bank for their financial saving.

Bitcoin has provided the opportunity for people to earn extra income. people are now investing their money into bitcoin in order to make profit in the future. Bitcoin value is growing in time like the how the value of gold growing in time, but the value of bitcoin is growing more faster than that of gold. Most people now believe more on bitcoin than gold because bitcoin provide more profit compared to gold over time.

Ok, too bad for me because I copied all my tweets and retweets urls waiting for the time to submit.

Thanks for the reply... waiting to see our stakes based on your analysed data.

Hi ColorlessK,

I found 2 scammers on Facebook spreadsheet using my username: cybersofts

Scammers number on Facebook spreadsheet are #586 & 587 - While my original number is #537.

You should disqualify these scammers before the of the ICO because I don't want any trouble in the future.

Thank you for understanding.


Best regards,
cybersofts
 

Hi Joel_Jantsen,

Still didn't get my payments for last week.

Thanks

Hi Sylon,

It appears the SLVR ICO is ending tomorrow.

So when are we going to start submitting our twitter reports?

I worked hard on this one. Just want to pay my tuition fees.

Thank you for understanding.


Regards,
cybersofts

 

Take it easy friend, is their bitcoin let them do what they wish. Bitcoin is far beyond the usage of few negative minds that used it for negative things. Don't forget people also use fiat to buy drugs or make payments for porn sites also. I believe bitcoin is reshaping how people will use money in the future. Don't let the activities few negative people with bitcoin ruin your day. Use bitcoin the way you like it and let rest of the world use it too... That's what is called freedom!

Yeah, I think the guy here has a good answer to this very question.
Bitcoin was designed to disrupt PayPal and other expensive means of send money from one person to another.
Bitcoin provide the solution in such a way that people can send large amount of money in a fast and secure way with very low transaction fees.
Using bitcoin is simple and easy - yet the transactions are instant all over the world. Bitcoin knows no customs, no borders, or regulations whatsoever.

Yes, you speak the truth my friend. I think there are new things to be updated on bitcoin like lowering transaction fees, increasing transaction speed and so on. But still bitcoin is good currency to buy and sell product with, and we know for sure there may be some updates in the future that might settle the current issues with bitcoin. As we go through time many people will demand these updates which may lead to their implementation on original bitcoin core. 

It is just a rumor because that is not true. read the article below for more information.

Debunked: Rumor that Amazon Will Accept Bitcoin “Fake News”
https://www.cryptocoinsnews.com/debunked-rumor-amazon-will-accept-bitcoin-fake-news/

You answer is nobody know exactly when the value of bitcoin or any altcoin will hit the final dip in price.
The only solution to buying bitcoin in low price is when people are panic and starts dumping their coins for one or two days then you should buy.
Anything after the first 1-2 days after the panic period will be on the rise again most of the time. But it think even now you are not late to buy bitcoin before it gets more higher and set the new all time high in price because for sure that will happen again in the future.

Yes, Bitcoin is digital currency that you can use to buy and sell a product both online and offline.
Bitcoin transactions are very fast, very secure, very cheap transaction fees and fully decentralized.
With bitcoin you can send and receive money all over the world, no customs, no borders, no regulations whatsoever. 

The US government may follow the roadmap of Japan in regulating trading activities around cryptocurrencies such as bitcoin and Ethereum.

Last week, the Japanese government and its financial regulator the Financial Services Agency (FSA) officially authorized and licensed 11 cryptocurrency exchanges including BitFlyer, the country’s largest trading platform with over 800,000 users.

In a statement, Yuzo Kano, the CEO at BitFlyer, emphasized that the establishment of practical regulations for cryptocurrency exchanges and investors by the Japanese government would allow the country’s cryptocurrency market to position itself at the epicenter of global cryptocurrency trading, development, and innovation.

“Japan has been exploding with demand for both bitcoin trading as well as virtual currency services. The FSA’s approval for bitFlyer to operate as a Registered Virtual Currency Exchange, and the agency’s openness and forward thinking regulation could not come at a better time for the blockchain space,” said Kano.

Governments Can Either Do Nothing or Create a Fair Ecosystem For Exchanges

Earlier this year, at the Blockchain NZ conference held in Auckland, New Zealand, bitcoin and security expert Andreas Antonopoulos explained that governments can either leave the cryptocurrency exchange sector as is or create a more transparent, fair, and efficient environment for businesses.

“Governments can choose to either do nothing – which is okay; make things worse for cryptocurrency trading – like what Australia did by imposing sales taxes on all cryptocurrency transactions; or they can make things easier for companies by reining in the banks and encouraging companies by creating a level playing field,” said Antonopoulos.

By authorizing and licensing cryptocurrency exchanges, the Japanese government has officially recognized cryptocurrency exchanges as regulated financial service providers, allowing the companies to fully operate as legal financial companies within the country. Already, within less than a week, the optimistic approach from Japan’s FSA in regulating cryptocurrency markets has triggered an increase in demand toward bitcoin and as a result, the daily trading volume of Japan, the largest bitcoin exchange market in the world, has risen at a rapid rate. The growing demand toward bitcoin is also evident in the price trend of bitcoin, as the bitcoin price surpassed the $4,470 mark earlier today, on October 2.

The US Government May Follow Japan in Licensing Exchanges

At an event hosted by the Federal Reserve Bank of Philadelphia, acting Comptroller of the Currency Keith Noreika told reporters that he is open toward cryptocurrency exchanges applying for bank status. Noreika also noted that he is considering the imposition of a nationwide licensing program for cryptocurrency exchanges, eliminating regional licenses such as New York’s BitLicense and releasing a unified regulatory framework for cryptocurrency trading platforms and investors.

“I wouldn’t be adverse to those people coming in and talking to the [Office of the Comptroller of the Currency] about how a charter could make sense for them. But that is a long process they’d have to go through, and just because you get in the door doesn’t mean you’re going to get out the door on the other side,” said Noreika.

It could take a longer period for the US government and its financial regulators to offer unified licensing programs for cryptocurrency exchanges and bitcoin businesses. But, it is an optimistic indicator of bitcoin growth that the US, the second largest bitcoin exchange market behind Japan, is carefully considering creating a more robust and well-regulated market for investors and general consumers.



Source: https://www.cryptocoinsnews.com/the-us-may-follow-japan-to-license-bitcoin-and-cryptocurrency-exchanges/

Japan is poised to become the leading bitcoin market after China fucked up!

First, China banned initial coin offerings (ICOs), a red-hot new method for blockchain-based startups to raise money in a token sale; then officials ordered Chinese bitcoin exchanges like OKcoin and Huobi, some of the biggest exchanges by volume in the world, to halt trading of fiat currency (yuan) for cryptocurrency (crypto to crypto trading is still permitted).

They were crippling blows to what was previously the leading global market for bitcoin activity. And last week, South Korea followed suit in banning ICOs.

In their place, look for Japan to become the leading bitcoin market.

In April, Japan officially recognized bitcoin as legal currency and will regulate it accordingly. That boosted the price globally and boosted bitcoin trading volume on Japanese exchanges. (In May, Australia followed suit.) Meanwhile, Japanese internet giant GMO Internet is investing $3 million to launch a bitcoin mining operation next year.

China crackdown boosts Japan

As bitcoin mining (the process of uploading “blocks” of transaction records to the bitcoin blockchain, a public ledger) became more and more prohibitively expensive, requiring large machinery to compute quickly, China became the leading country for mining. (And to be clear, there has not yet been any ban on bitcoin mining in China.) Chinese investors also ramped up bitcoin buying since last year, when the People’s Bank of China (PBOC) tightened capital controls. Bitcoin is thought to be a “safe haven” for when a nation’s currency is faltering and a hedge against general market uncertainty; with the yuan falling, bitcoin took off in China. Until now.

Japan is already pulling ahead in the aftermath of China’s crackdown.

Look at the below chart of trading activity by currency in the past 30 days: the biggest slice has been bitcoin trading in the Japanese yen (45%) vs. the U.S. dollar (30%). Note also how the biggest exchanges by activity have been Coincheck and bitFlyer, both in Japan. (It helps that the yen has dipped vs the dollar in the past week.)

Bitcoin price still cruising

To be sure, the China crackdown has hardly crushed the price of bitcoin overall. After an initial drop, it has rallied: The currency is down 5% in the past 30 days, but up 16% in the past week. And it’s still up more than 600% over the past 12 months.

The coin has been so resilient as a speculative investment that Goldman Sachs is now considering launching a bitcoin trading operation. On the other hand, JPMorgan Chase CEO Jamie Dimon insists that bitcoin is a “fraud… worse than tulip bulbs.”



Source: https://finance.yahoo.com/news/japan-poised-become-next-bitcoin-market-leader-174825798.html

South Korea on Friday announced a ban on initial coin offerings (ICOs). This follows China’s ICO ban earlier this month, which preceded a short dip in value for major cryptocurrency offerings like Bitcoin (BC) and Ethereum (ETH). This time, the market barely took notice.

BC traded at $4,353 Friday, while ETH was valued at $291. At the time of this writing, both are up with BC valued $4,397, and ETH reaching $298.

According to local reports, South Korea decided to ban ICOs due to fears that cryptocurrency represents a non-productive method of financial speculation. This is a common theme among governments as they approach market regulation. Cryptocurrency is easily conflated with fiat money, but it’s anonymous, which makes it very difficult to tax.

Further revelations from South Korean officials concerning the ban indicate the country is concerned for the financial and data security of citizens who might be victimized by predatory crytpocurrency offerings. The government’s position, it appears, is ICOs are more likely to be a scam than the incumbent system.

If this sounds familiar, that’s because this is the same rhetoric people like JP Morgan CEO Jamie Dimon use when they declare Bitcoin to be a fraud or the market to be a bubble on the precipice of bursting. Though, your mileage may vary, when it comes to taking Dimon seriously, after all BC is his competition in more than one way.

In other cryptocurrency news out of South Korea, police report that North Korean hackers engaged in an unsuccessful “spear-phishing” campaign against several exchanges. Spear-phishing is a twist on the old fashioned “I need your password for security purposes” grift.

At least 25 employees, from four different companies, reported spear-phishing attempts and local law enforcement have confirmed at least 10 separate attacks from North Korean origin.

Between hackers failing to beat cryptocurrency security and an ICO ban being a non-event for coin value, it’s time to stop getting spooked every time a country that does business with China reports it’s going to ban ICOs or exchanges.

Cryptocurrency is supposed to be government-proof, and while that’s entirely theoretical, current evidence still seems to support that promise.



Source: https://thenextweb.com/finance/2017/10/02/cryptocurrency-ban-in-south-korea-has-virtually-no-effect-on-bitcoin/

BTCC, an international cryptocurrency exchange with headquarters in China, has announced it has ceased all domestic trading activities.

On its website, BTCC now states that all local trading in yuan and cryptocurrencies has been officially suspended as of midday, September 30, Beijing time. The exchange stopped accepting deposits on September 27, with China-based users being advised to withdraw their funds from the exchange before the end of October.

In a tweet accompanying the closure, BTCC claims to have had the longest known lifespan for a cryptocurrency exchange, having operated for a "world record" of 2,305 days.

The closure of the exchange's China-facing trading operations comes following a statement from financial regulators on September 4, which banned developers and entrepreneurs from launching token sales (or ICOs) within the country. Exchanges in the country have since "voluntarily" decided to cease trading activities, though regulatory pressure is widely believed to have been the catalyst.

BTCC will continue to operate trading services outside China, and has also confirmed that its mining pool will continue to operate normally. Other major cryptocurrency exchanges in the country – including Yunbi, Huobi and OKCoin – are expected to cease trading by the end of October.


Source: https://www.coindesk.com/china-based-bitcoin-exchange-btcc-brings-domestic-trading-to-a-close/

It seems that money does in fact talk: even digital money. The Wall Street Journal broke the news that blue chip banking giant Goldman Sachs is mulling allowing its investors to trade in Bitcoin directly.

The news would make Goldman the first leading Wall Street firm to allow its investors access to the rapidly growing cryptocurrency marketplace. Other firms have some products, like Grayscale’s platform (GBTC), but Goldman would open a whole new marketplace for investors. According to a spokesman for the company:

    “In response to client interest in digital currencies we are exploring how best to serve them in this space.”

Increased regulation?

While the news may bring about a rapid legitimization of the cryptocurrency space, it will certainly open up Bitcoin and other crypto assets to increased scrutiny from government regulatory bodies.

Already the Federal Reserve has indicated that it is studying cryptocurrencies more in depth, and the SEC has filed regulatory rules regarding ICOs.

Needing volatility

Goldman has faced substantial reduction in revenues (21 percent since last year) even in this year’s bull market for stocks, and it seems that the problem is related to volatility. The company has been unable to take advantage of panicked buys and sells within the stock market, and may be seeking a new source of volatility to allow its investors an opportunity to profit. According to the WSJ:

    "Goldman, once known as the nimblest trader on Wall Street, has struggled more than peers. Revenue in its fixed-income division fell 21% from last year through June, dragged down by poor performance in commodities and currencies.”

Whether the increasing mainstream investor adoption is good for Bitcoin or not remains to be seen. Nevertheless, such attention does call into question the previous judgments of other bank leaders like Jamie Dimon.



Source: https://cointelegraph.com/news/wsj-goldman-sachs-planning-direct-bitcoin-trading
Source: https://www.wsj.com/articles/goldman-sachs-explores-a-new-world-trading-bitcoin-1506959128

Having defended its 50-day moving average last week, the bitcoin-U.S. dollar (BTC/USD) exchange rate is looking up.

Now eying the next psychological resistance level at $4,500, BTC/USD remains well bid even despite the ripple effects of the recent regulatory news from China that caused the fall below $3,000.

At press time, it appears the country's bitcoin exchanges are following through with earlier promises to shut down domestic trading operations, though the lack of major price movement indicates the bearish news has now been priced in.

Prices remained on the front foot over the weekend, as investors shrugged off South Korea's decision to follow China in banning ICOs. Moreover, ether has regained poise, which has helped stabilize sentiment in the cryptocurrency space.

At press time, the BTC/USD pair is trading at $4,420 – up 2.8 percent on the day. The cryptocurrency is up 11.3 percent week-on-week, but still down 4.9 percent on a monthly basis.

The price action analysis suggests that the odds of the cryptocurrency revisiting record highs have improved following the bullish price action over the weekend.

However, patience will be tested as trend indicators signal a lack of vigor in the market. Another slight cause of concern is that volumes remain weak as well.
 

The rebound from the 100-day moving average followed by a convincing break above the 50-day moving average (as seen in July) coupled with a bullish relative strength index (RSI) and the directional movement index (DMI) indicate scope for a rally to $4,692 (September 6 high) and possibly $5,000 (record high).

DMI is used to confirm price action, and a bullish crossover occurs when the green line crosses up through the red line.

Only a convincing break below $4,180 (confluence of the 50-day moving average and the rising trend line) would abort short-term bullish bias on bitcoin.
 
Despite the bullish break above the 50-day moving average, volumes have remained low.

The average directional index (ADX) line is sloping downwards, suggesting the bullish move lacks strength.

View

Although the medium-term outlook is constructive, a minor pullback to $4,200 cannot be ruled out, courtesy of weak volumes and lack of strength as indicated by the ADX line.


Source: https://www.coindesk.com/slow-ascent-bitcoin-prices-edge-higher-despite-weak-volumes/

The truth is the best way to save your bitcoins away from hackers, FBI or any pig out there is by using hardware/offline wallet e.g Ledger Nano S.
I often used online wallets like Xapo and Blockchain.info - but I don't normally save huge amount of bitcoins because there is too much risk involved in doing so.