Maybe one thing you can do is share some of your earnings to your mom to prove that you really can generate income from this.
Or let her read related news regarding cryptocurrency and who are currently using and supporting this.
Maybe if she knows that even banks and known companies are now jumping into this, she will start to calm down and maybe have peace of mind when you're online & doing crypto transactions.
The problem is their parents think that involving in Bitcoin is involving in illegal activity. And sharing earning to his mom will definitely raise a red flag. Best is to explain it to her in a slow agonizing phase  . Since there will be lots of rebuttal and rejections from his mom. Do not worry once he explained it well and made his mom realized that Bitcoin is legit then his mom will allow him to get involved in Bitcoin. I was once there, and now I am good to go with Bitcoin. Usually this problem is social one generally in tier 3 countries where people are still very conservative about money and earnings. I was surprised to read that in most of the tier 3 countries people are even afraid to invest in stocks and better rely on banking means like Fixed Deposits, etc. Such conventional thinking restricts people to see earning possibility over internet. But no worries, with time being everything sheds. Show your earnings on floor, pay taxes if you earn that much, you will soon get into good eyes of your parents. |
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I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).
How do you guys withdraw your btc?
Can you tell which country you live in, it is very easy to withdraw Bitcoin to bank account in cash in several countries. Coinbase is global exchange but there are several local exchange dedicated to fiat of one country like Zebpay, Unocoin, etc in India. I easily withdraw Bitcoin to my bank account using these exchanges. Better you look up for such exchange in your country if available. |
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I think we shouldn't even worry about Aug 1 anymore?
Mate its already August 26, 2017. Like what everybody expecting this things nothings happened, right? instead bitcoin became more higher as we expected as before. So it is really good to buy bitcoin now then hold, just simple as that mate. Yes. Buy Bitcoins and then hold them. Sell when it rise or be greedy and wait till you die.  Is this the future we thinking about Bitcoin? How could we imagine to trade (send/receive) or use it for payment purpose when spending $5< in fees!! Bitcoin fees seem to be never stopping rally. It is increasing faster than price of Bitcoin. Segwit ain't doing anything as it isn't adopted yet by masses. There is serious malfunction about Bitcoin vision among us, we need to change it as soon as possible. |
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Soo?? There are several other cryptocurrencies which are more profitable to mine for small miners. Bitcoin mining profit is almost impossible for small miners, it is limited to giants. But all this ain't gonna make BCC better than BTC. Stop making such stupid comparison and accept BCC as altcoin. |
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Confirmed transaction
Thank you very much buddy. It was great help. Tip is on its way. |
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Payment has been sent to all !! If you didn't receive payment, contact me. Once again Happy Independence Day to all.  We will celebrate more moments in future. |
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Interested. Send PM please.
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Hey can you push this one- 9ec4c3912c2601d1518e7977f642f469216c4612f9a8a6b27ae0f7b1c9e2a7f3 I will send you tip too.  |
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For everyone concerned with payment, here is the payment address- https://blockchain.info/address/1LBFu73eXWyEsaf9BSpws7gtGyQ7BPT5ijFunds are still unconfirmed. I can't send you all before transaction got confirmed. Once funds get confirmed, I will send instantly. If anyone knows anyway (paid or free) to accelerate transaction, contact me. Here is tx id- 9ec4c3912c2601d1518e7977f642f469216c4612f9a8a6b27ae0f7b1c9e2a7f3 |
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More than 50,000 U.S. merchants already accept bitcoin, and you may soon fall behind your competitors if you don’t have a plan for dealing with cryptocurrencies.
Over the short term, it means getting educated about the technology and adapting some business processes. Over the long term, it offers increased simplicity, greater efficiency and lower costs.
US is leading economy of the world and no amazement that 50k merchants accepting cryptocurrencies there. But in other countries I don't feel same blaze gonna happen. Main reason is that merchants are still confused how to use, account and tax cryptocurrency income. Until and unless countries don't have defined laws for cryptocurrencies, we can't expect them to flourish among all businesses. |
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What I suggest you is to constantly look for solid ICO projects.
In what known universe is that diversification? Bet your ridiculously speculative gains on something even more ridiculous and even more speculative? Approximately 93% of my value is in crypto now. I don't have any plans to diversify in the slightest. Can you tell me which investment in the world isn't speculative one? All so ever, the main motive of investment is to get capital gains over years. Do you invest for security or for adventure? Now it is funny that the person whose 93% investment belongs to crypto referring idea to invest in new crypto to be ridiculous.  |
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hi, what will you do? If the bitcoin price is suddenly cheap
I will buy as much as possible as an investment for the future No matter what you want to invest in a coin. But I think you need specific plans, do not buy all your money. it's too dangerous. Agree. The people who consider breathing and respiration the same always fail. While breathing is simply taking gas in and out whereas respiration is full-fledge chemical process. Similarly if you ascertain market by just buying at cheap and selling at high, you might end up loosing everything. There are several others factors playing vital role in shaping prices. Now fall in price can be due to temporary panic or permanent ban. Price may recover in former but may always remain down in latter. Market is not as easy as buying/selling. |
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Hashrate is going down, time to solve a block is raising.
Or maybe its a miners' move urging fork!! Who knows. The fees rose dramatically two-three months back just to make atmosphere for BIP148, however, when possibility of UASF died fees again recovered to low. Now it seems to me the second attempt from miners to path another fork (am I smelling Segwit2x ) |
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I read on a site http://mandactif.com that in many cases the manipulation of bitcoin trades is not illegal. Is this true? Legal means accordance to law. Can you find any book of law containing any reference about Bitcoin and its trading? It isn't fiat money of any country. It is traders' decentralized currency. No law so far limit any kind of cryptocurrency trading. You are free to make 2 accounts on exchange and juggle the prices. Manipulation taking place at very high rate in cryptocurrencies. Consider BCH for a moment, do you really feel BCH demand rose 2-3 times in last few days! It is just an output of pumpers/dumpers. However, if you judge on ethical grounds such trading practices are really wrong for noobie and new traders who loose their big amounts. |
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I bought my bitcoin a few years ago now. I was and am a believer, but the massive price increase has me worried that I am now overly invested in bitcoin.
It looks like I have 75% of my money in Bitcoin. Obviously it wasn't always like that, and it with the price rising so much recently, I find myself with a fair amount of money available for the first time in my life!
I know that Bitcointalk probably isn't the best place to ask this, but would you recommend diversifying and if so, in to what?
I was very happy when the price was $1000, but now it feels like I have enough that I could buy a flat or something. It used to be a speculative thing for me, I had invested what I could afford to lose, but now the price has risen so much that it could be easy come easy go, and the price falls back down to where it was last year.
Yes, diversification is indeed required. Although Bitcoin has much more potential left to rise but we really can't anticipate future. Let say if BTC drowned to $2500 or less, it will be major setback for you. What I suggest you is to constantly look for solid ICO projects. Periodic investment in new projects can help you multiplying your investment in short period and will balance your losses in Bitcoin investment if any in future. However being Bitcoin believer, I think it is still far below the saturation point and can cross new milestone in coming years. |
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That is the reason why Bitcoin will always remain king if used as secondary currency. But if we use it as primary currency, the system may not survive.
Now let me explain how.
Suppose economy produces 2 glasses of soda and has 50 BTC supply. Each glass of soda worth $100 and 25 BTC. Now economy start producing 4 glasses of soda and as fiat is unlimited concept, each glass still worth $100 but 12.5 BTC. Now value of BTC rose from $4 per unit to $8 per unit. This is currently prevailing scenario and the main reason why people are enthusiast about bringing Bitcoin mainstream.
But if it comes mainstream as sole currency, whole system will collapse.
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