|
I think we always need to give people like you a pat on the back. It's difficult enough to convince a friend to open a wallet, much less convince a business person to look into his business using bitcoin. Forget for a moment that even if the company accepts btc, it may only be to eventually exchange it back to fiat.
Just spreading the awareness to clients will encourage adoption.
|
|
|
|
|
I've done so a few times but I don't think it really counts as these are just friends I introduce to bitcoin, and I help them open a new wallet and send them a little dust there and then, so they can see it get into the blockchain and get confirmed.
It's a fun experience but I would really like to exchange btc with a stranger in person!
|
|
|
|
|
The reason this sounds similar to gambling philosophy is simply because a lot of the "trading" really is gambling, and your brokers are the house. The house edge is the spread. At least crypto-based gambling attempt provably fair transparency. Do you even know for sure your trades are triggered or closed fairly?
|
|
|
|
But if that's the real reason why people advise not to sell bitcoin on paypal then won't that be easy to get around? You can agree with the buyer to sell btc but on paypal make sure the note says you're selling some random item and then you can ship the buyer an empty envelope just to show a tracking number on paypal but the buyer got his btc and you got your $$.
Selling btc in that way is like selling pretty much any other item but people seem to get extra paranoid when it's btc being sold.
You're missing the point I guess. If Paypal ToS already deems bitcoin sales as illegal then any transaction is illegal. Not only is the buyer not protected, you risk funds being frozen. Paypal is not my favourite at all. |
|
|
|
|
Pretty sure I wrote in this thread but for some reason I couldn't find them but anyway I wrote that I have long quoted alternative payment methods in my invoices, including bitcoin. Never had a sniff except for paypal until on Monday.
A client asked if I could take bitcoin but at 90% of current rate... not sure if I should accept.
|
|
|
|
|
Interesting side aspect to what I could already read everywhere... but when you say "hard coded and cannot ever be changed" do you mean theoretically? What is "hard coded" as opposed to... "soft code"?
As I understand, yes, the blockchain in theory cannot be changed but this is not to say it is impossible.
I have tried to read up why, but I assume this is partly because it would require a re-writing for all the nodes and consensus to do so. Am I correct?
If, I am, would a consensus to change block genesis in theory reverse the fact of "cannot ever be changed"?
|
|
|
|
|
What happened to the good old days when the traditional banking and finance people were dissing bitcoin because of its anonymity that allows terrorists, jihadists and the mafia to launder their billions?
|
|
|
|
|
Forgive the assumption, but haven't all trading bots been identified as scams? Be it forex, futures or cryptocurrency, trading implies active decision-making and reaction from markets to economic and political developments.
I suppose I do see a use for a bot that could be primed to trigger trades right before key events but that's really just manual setting of orders.
|
|
|
|
|
All this talk of ICOs and alts primed for pump makes me wonder if 2017 really is going to be the end of worthless pump and dump coins and their blatant ICO schemes. If all the failures especially during the course of the year has not sounded the death knell, then I don't know what will.
Gentleman, start your speculating!
|
|
|
|
Can a marketcap go down while the coin price actually go up?
I am looking at Ripple and it has a huge market cap, but wondering if the marketcap went down in the future,
would the coin price necessarily follow it down.
Theoretically it should be possible at least in one scenario, where a certain significant amount of coins is confirmed to have been lost or irrevocably taken out of the market. This would mean more scarcity for the coin and if, there were enough demand, it is not inconceivable for the price to go up as a result of limited supply. |
|
|
|
If the paper notes contain a bitcoin address where the denoted amount is held, they could be checked occasionally while a merchant holds them who is online. That still leaves the problem that separate paper notes could contain the same bitcoin address, either because the bank cheats and prints several notes with the same address, or because a counterfeiter creates a fake note with the same address.
Onkel Paul
Correct. While paper bitcoin really is easily implemented as a mere physical documentation of the ledger or blockchain asset, a transaction still has not taken place with the handing over of paper bitcoin. Unless private keys are somehow transferred along with the paper money there is no way to ensure the bitcoin on paper can't also be spent first neither can counterfeiting be prevented or checked without electronic access. |
|
|
|
|
A couple of sites also provide bitcoin payments for shopping done on amazon. in fact with a small discount on dollar value. Not sure how they can make money that way but if more 3rd party services like these crop up aoon we won't need to wait for merchants to accept bitcoin anymore.
|
|
|
|
|
2000 is not such a risky bet if you're keeping long positions, although a more realistic target would be the 1250 and 1500 walls.
Once breached though a 2000 climb isn't out of the question especially with profiteers keen to wait out til that mark and make quadruple profits from the 500 price just a few months back.
|
|
|
|
|
At the moment I would think a giant like Facebook or a popular online game that not only accepts bitcoin but offers double points value for btc would get ppl to open a wallet and try it out.
Said app might also need to provide a fast and easy way for new users to get btc at least for a 1st buy.
|
|
|
|
you can buy a bitcoin whenever you want. well, you just need to adjust it to your needs. if you want to invest money that you have, maybe you could buy a bitcoin today, and you can also directly use bitcoin that you have it for business purposes. Well, no need to wait until the price drops to buy bitcoin
That's true, but to respond to the OP more accurately, the best time to buy bitcoin is when there are economic factors favoring a bullish trend. This may be a good time to buy, at least that's what many experts say. But everything depends on supply and demand, that is, if users become more interested in Bitcoin there are good chances of profit. I think it is always risky if you buy without timing or just only anytime you can buy but bitcoin is not always keep increasing there is some decreases. For me it is the best time to buy bitcoins if there is trading site was hack again every year it is happening that actually can hit the value of bitcoin.. So i am sure if you buy bitcoin after hack trading site you can get a cheap bitcoin and wait again few months you can see the rise of bitcoin again that already happen after block halving. bittrex mt gox those are hack exchange site before that actually bitcoin still alive and keep rising.. Sad to say but this is a good point to raise for buyers who intend to sell for profit in medium term gains. Historically there has been a hack of a mjor exchanger each year and it would be naive to think 2017 won't show the same. Bitcoin seems to bounce back within weeks after a major hack so a buy soon after it happens can't go wrong. |
|
|
|
|
Perhaps some of the "big whales" aren't simply in this for profit and are deep advocates of the coin so their decision to hold is not affected by price.
Of course, if this were true then we'd also see them releasing small amounts slowly to new users to encourage adoption. I have read and received myself one time small anonymous dust from an account that had massive transactions. Maybe it was from a whale=)
|
|
|
|
Bitcoin would still be king, Bitcoin is king, and Bitcoin will always be king regardless of any little retared brother that comes thinking its going to take the kings place.
It depends if the bitcoin is controlled by a small number of developers and if they have support from the big community. Bitcoin is not controlled by anyone, bitcoin is a network which is just running and has no one behind it functioning it, it depends on the people in the network if where they take it by using it, if all of them stop using it then it becomes useless, and if more start using it then it gets more valued. If that were 100 per cent true, then the question to ask is if anyone is using bitcoin less because they have switched over to altcoin. I don't think this has happened. Altcoin users for the most still use bitcoin primarily. I only know of one site merchant that accepts exclusively Alt (ETH). The knowledge and learning from alt dev has only boosted bitcoin. |
|
|
|
|
Unless proven otherwise, all online investment schemes must be considered a ponzi. To be proven otherwise means the scheme is transparent not only about how it makes money but all monies invested and profit and loss graphs.
To my limited knowledge, the only transparent businesses online that offer bitcoin investments are casino bankrolling and exchanger services.
Casino bankrolling seems to me the most transparent and can be verified by the investor.
|
|
|
|
What's crazy is how the price rebounded so quickly.
Right? For some moments when the chatter came up about the hack, I tried looking at ETH prices and couldn't discern anything more than a blip. I think it speaks volumes against the naysayers of ETH. Not an advocate myself, but looking to support an alt with substance and you have to give some credit to the tenacity of ETH! |
|
|
|
Depending who are "we", it's not possible to manipulate bitcoin price. If you don't have a lot of bitcoins or if you don't belong to a group of rich bitcoiners trying to control it, you can't manipulate bitcoin price, you are a small investor.
The only thing you can do is to take advantage with the big whales moves, follow them and you will have a higher chance to make profit.
Actually it is very possible, you can see the proof on the news about China imposing capital control, bitcoin price goes down. People pressing on the halving issue, bitcoin price goes up. News about bitfinex hack, price go down. Good news about Segwit, price go up, some criticism about Segwit and how it will affect future bitcoin procedure, bitcoin go down. See, if people can play with the media, bitcoin can easily manipulated. What I have managed to experience in my short but growing bitcoin lifetime is that the only drastic price-movers have been huge exchanger hacks (proven or otherwise)... you could even consider ETH's DAO incident as similar. Any other type of news tends to move the market slowly but then day traders would beg to differ. |
|
|
|
|
Show Posts
