There is a good amount of demand, even for a small fraction of the Amazon userbase. I trade decentrally often, and see multiple offers for Amazon gift cards. People buy stuff from amazon with bitcoin already, but: more expensively. Since Amazon themselves don't accept it, sellers will have to acquire gift cards and sell it with a profit obviously. There's less competition either way, and hence is charged higher than it needs to.
The reason isn't little demand. Adding another payment option (which won't be mandatory for every Amazon seller) isn't going to harm their pocket. It's regulatory problems unfortunately...
I guess a better way to describe it is the fact that even if they don't accept bitcoin, most bitcoiners would use Amazon anyway using typical fiat payment methods because of convenience, and due to necessity. |
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I never expected the fast recovery that's why I said the world is finally understanding why Bitcoin is a necessity in every one's life, am I saying too much? Or you think I am right?
Quite an overly-optimistic take in my book. People won't suddenly realize that Bitcoin is a necessity, just right after one of the biggest exchanges committed fraud. People still think that Bitcoin and cryptocurrencies are a scam/fad, and I don't see that changing any time soon. |
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You're pretty much unlikely to find big stores likes Amazon to implement bitcoin payments simply because there isn't that much demand yet. Because if there was a good amount of demand, they would've implemented bitcoin payments a lot sooner.
That, or the fact that it could be a regulatory nightmare, and returns and refunds would probably be more complicated.
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Your question is like asking which is best — starting a business or getting a job. The answer will always depend on the person, with a lot of factors to take into consideration. Taking note that you already know the difference with concerning the time frame — so it can't really be one or the other. It can even be both.
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That makes sense, but also — let them focus on education. If they actually know/understand bitcoin at least with a good amount, chances are, they wouldn't be having doubts and they would know about bitcoin's cyclical nature in the first place.
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The only thing that could decrease volatility is more controlaccess to bitcoin for everyone — hence more trading volume and liquidity. And yea, an actual spot ETF can most definitely significantly help. Hence why it was quite questionable when a futures ETF was approved, but not a spot ETF.
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Both will coexist, and people will use whatever they see fit for their needs. One will not overthrow the other — the question is just how much percentage of market share will bitcoin/crypto actually take.
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One of the biggest online game markets communities is definitely Sythe.org; though it mostly caters to the likes of RuneScape, Steam games, etc. You can at least try posting under the Other Games section though.
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In the grand scheme of things it pretty much just boils down to supply and demand. There are things such as hype/publicity/news, institutional/retail interest, etc — but in the end, they pretty much fall under the supply and demand umbrella.
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This is misleading. Binance, Coinbase, Kraken are not wallets. They are exchanges and should not be used as a wallet. For ease of use and security, just go with a hardware wallet, i.e., Ledger and Trezor. Also, you should read the pinned topic to get to know more about types of wallet and its best practices [General] Bitcoin Wallets - Which, what, why?This. But just a heads up that Coinbase also has Coinbase Wallet — an actual non-custodial wallet separate from the Coinbase exchange. I don't know how good/bad it is though. |
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If they really want education, then they have all the time and money in the world to gain that knowledge. It's just the fact that they're heavily biased due to Bitcoin being mostly a conflict of interest to them.
That, or the fact that they can't just grasp some of Bitcoin's concepts because they're living fossils.
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OP, if you want to prevent people from making mistakes, it would be helpful to make a complete guide on why and what not to do, etc.
Although such topics are posted here daily, they will have value not in general rules like "I warned you," but in the correct and accessible explanation of all the little things.
Adding links to the main topic will do the trick, as to prevent redundant topics that are likely to have no new information at all. https://cryptosec.info/checklist |
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Loss of asset through account lockouts have been a very pressing issue within this industry since time immemorial. This problem would not exist if people simply stored their assets on non custodian platforms and kept backups in secure locations. Suffering from account lockouts means one is using a centralized exchange or platform, which does not give control over the assets stored on them. Account lockouts doesn't necessarily mean it's concerning centralized exchanges, a wallet "password" being lost/forgotten could also mean that it's about a wallet passphrase. |
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If you want to comply with the law, then why don't you want KYC? The government doesn't want you to hold bitcoins without their control, and you are not complying with the law yourself. Try with trading P2P at your locally, your identity will be less known using centralized exchange, you cannot be completely anonymous to everyone.
It's possible to want to comply with the law(declaring your purchases/sells/etc), with you just not wanting to submit AML/KYC documents to certain companies because of the privacy risks. |
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Why not purchase the BTC through peer-to-peer instead? That way, at least only one guy gets a hand of some of your personal information — not a centralized platform that's pretty much a honeypot. Just make sure you're transacting with legitimate sellers.
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It depends what the "unexpected expenses" are. If it's overspending on stuff, then you need to discipline yourself with your spending. On the other hand, if they're like unexpected medical bills and stuff, then there's nothing you can do but to try to increase your income.
As for being discouraged — if you don't budget, you're likely going to be in a far worse situation if you didn't budget.
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Understand I think Binance is TRC right so is there any TRC USDT non custodial wallets like Electrum which can be run on the laptop?
Binance supports multiple chains — Tron, Solana, Ethereum, BSC, etc. If you're going to need a temporary wallet, probably Trust Wallet? I wouldn't suggest using it for long-term use though. |
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There will always be people that will think that certain price movements are caused by manipulation or whatever theory they could think of, regardless of direction; and it's mostly voiced out by people who missed out on pumps, or bought heavily before dumps.
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Probably a bit too hasty. In the first place, how confident are you that you gave your "friend" correct/accurate information? Knowing that you said yourself that you're still a beginner.
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If you're actually bullish and are convinced that bitcoin will be worth far more in the future, then chances are, you won't be tempted to sell.
If you're tempted to sell in the hopes of having the chance to buy back lower, then accept the fact that you can't predict bitcoin's short-mid term movement.
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