Supply and demand.
It trades on the free market, if more people want to buy prices goes up, if more people is selling price goes down.
I think Supply and demand is perhaps one of the most fundamental concepts of economics and trade so there is no difference between how bitcoin price determined and stocks price determined right? Basic concept 1. Price up when people need and buying 2. Price up when people selling it. Well, stocks pay dividends, we don't have that in bitcoin or precious metals. Also check: http://www.investopedia.com/terms/p/price-earningsratio.asp
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Supply and demand.
It trades on the free market, if more people want to buy prices goes up, if more people is selling price goes down.
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You can buy stuff without having to provide sensitive information and usually it will be cheaper with bitcoins.
Like your name, address and means of contact?
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I was looking for something to spend btc on that isn't illegal that would make using bitcoin worth it, like are there "extra content if you use bitcoin" subscriptions or anything cool like that?
I don't think so, but with Purse.io you can have really good discount, I read somewhere.
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Trump would most probably be busy banning all the other things he is supposed to fight against to actually care about bitcoin, Republicans don't care about bitcoin "duh, you can buy weapons with it" so I don't think it's impacting bitcoin negatively if he becomes a president.
You can also buy pot with it, and pot is worse than guns...
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Store those keys in an encrypted database like KeePassX, backup database to your favorite cloud storage.
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You can always send without fee, but your transaction might never be confirmed, check network usage before sending, if low, send without fee.
Like mentioned above, bitcoin network no longer useful for transferring small amounts.
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Competition is never irrelevant.
Pretty sure other projects will emerge with this kind of features.
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This basically means that gold represents 3% of the total world's wealth and that bitcoin is only worth 0.0026% of it. In other words, by comparing bitcoin directly to gold: the total value of all bitcoins is 0.087% (or 1/1142) of the total value of all the gold that there is. Looking at it from this point of view bitcoin can easily get to 4 digits. You can't really make wedding rings out of bitcoin, so it has some limitations gold does not have... It makes no sense comparing the value of x to the value of y. You can't just exchange them. The value of apples on earth for example is a lot less than the value of bitcoin. And yet, it has nothing to do with it. You can't say "let's replace all apples by bitcoin", just as you can't replace all gold by bitcoin. Bitcoin need at least 10-20 years to come into mainstream. Price should be +$20,000. But we'll see.
I see a serious limitation from the blockchain there... As long as "the ones in power" don't make it possible to do - say - 1000 times more transactions, why should the value go up 50-fold? You can't have mass adoption if the blockchain is already pushed to its limits. You can't send gold immediately across the planet, so it has some limitations bitcoin does not have. It makes no sense compare apples with bitcoin but it makes sense compare bitcoin with gold because they both can be used by the same people for same purpose, store of value, if those people move 1% of their gold investment to bitcoin, bitcoin's price will increase a lot.
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> 250,000 bitcoin - Dark Market Operator.
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after bitcoin unmineable the miner will stop his mining, then the network of bitcoin will be down, each transaction will require a very long time to reach 1confirmation, or need highest fee.
so the bitcoin user will be use other payment gateway, and bitcoin will be die..
this might happen in the future... ?
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Well, for online shopping of course it's PayPal, not only it is easy to use but the buyers protection makes all the difference, I know of no better payment system for online shopping than PayPal.
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This belongs in Gambling > Investor-based games
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If this is seen as a legitimate tactic, anyone with enough funding could start thousands of nodes for a few months on a centralized cloud service and make the rules.
Basically. That's why we call it a Sybil attack. A couple entities controlling thousands of nodes through a few datacenters isn't what I'd call "p2p." They won't even have any economic activity since they are not operated at home (I bet a good deal of their donators probably use Coinbase as a wallet LOL)...pathetic. If fork goes through, what are they gonna do, keep donating to spin up nodes that they can't run at home? Sounds sustainable. Amazon running over 800 Classic nodes, Choopa LLC just brought over 1000 Classic nodes online in the past 1-2 days. LOL. Not falling for that crap. Running my Core node. Fork only happens if miners want to, it doesn't matter how many or which nodes there are. You been told that running a node is important and if block chain grows too much there will be few nodes, but the truth is nodes don't have any real power in the network, it doesn't matter if there are 10000 or just 100 huge ones.
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Try living in a first world country in europe. Atms are usually free. Bank transfers are free and nesr instant.
The US definitely has some catching up to do. I've been consistently appalled at how archaic it is.
Also, my credit and debit cards are free, and I have two bank accounts without maintenance costs.
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Not only Ethereum, also all the other altcoins which has risen of over the last weeks, namely Factom, NEM, Bitshares, Dash and Monero. When those coin got dump then Bitcoin price will get a push again. There was no stress test, just people moving their bitcoins to buy Ethereum.
Also SJCX, which is a great project and people should support it. I don't know about that, those coins trade against bitcoin not fiat, like we did not see a fall in the price of bitcoin we might also not see a rise.
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I've never scammed for my coins. All I've done is murder people for them. That's somehow purer in my mind.
Darknet Hitman Network Professional.
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> 100,000 should be Uber Scammer or Karpeles. Scammer ranks only >1000, those are the ones who have lots and lots of coins.
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There was no stress test, just people moving their bitcoins to buy Ethereum.
Then we need to wait for the congestion to happen again, when they realized they made a huge mistake and they start buying Bitcoin again. Most people cannot even pronounce the word Ethereum without people thinking they have a bad lisp { speech impediment } The dump will happen as soon as the price of Ethereum has reached the level where people pumping it, seems satisfied that they will be guaranteed a big enough profit. I will never buy into this pump n dump scheme, knowing what I know now.. Same goes for Dash and the Alt coins before that. Imagine Mike Tyson saying 'Ethereum', it sounds normal.
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There was no stress test, just people moving their bitcoins to buy Ethereum.
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