What unfair business practices are you referring to? I've never seen them take any action that wasn't warranted. People try to use Paypal to scam all the time, and PP has had to develop measures to protect themselves. But anyone using the service within the terms of service is generally not have problems. Anyone attempting to abuse Visa or Mastercard in the same way would face the same repercussions. Visa and Mastercard also have a lot more leverage with consumers, in that they can negatively affect your credit score, whereas Paypal, which doesn't deal with credit, cannot and has to be more proactive to head off fraud.

In the US, currency trades are taxable. If you convert USD into another currency and later convert it back and realize a gain, you must pay taxes on the gain. It's the same for how bitcoin is treated as property. If you acquire bitcoin (not through buying it), you have to pay a property tax on it. If you buy it and sell it and realize a gain, you have to pay tax on the gain.

Well one reason might be the volatility. In order for people to take bitcoin seriously as a currency, it needs to have price stability. It's never been stable in its history, so it's failing a major requirement of viable currencies. Further, the IRS has classified it as property. So at least they share your assessment that it feels more like property than currency.

You make "all chinese miners" sound like one cohesive block, like they all belong to a hive mind or something. I don't think that's any more accurate than assuming any other ethnic group is one group. It doesn't seem likely to me. China is still going to have regional groups, or pools, not simply be "all those Chinese." Further centralization in China, though, at the expense of other areas of the world would mean larger concentrations of the pools that operate there, so ostensibly, further centralization would bring greater power to the groups that don't currently have a majority of the network, except when you group an entire ethnicity together for the sake of claiming they control the network, without regard for whether they are all actually working in concert.

Everything is denominated in dollars. The only way bitcoin gains an advantage over USD is when you're buying btc to try and acquire more USD (through price appreciation of the btc). When you're buying something, even if the price is denominated only in btc, you have to do the conversion to USD to know whether or not it is a good price, because the value of btc relative to USD changes so quickly.

The only time selling everything makes sense is when you're convinced that a major crash or correction is imminent, and you plan to buy back everything at lower prices. It doesn't matter if the investment is equities, bitcoin, gold, or another type of asset. Trying to call something like that is a crapshoot at best though. Market timing isn't a strategy I find to be compelling, and I don't believe anyone who claims they can do it. Unless you're Miss Cleo, of course. 

If bitcoin is experiencing price swings relative to any other currency, that makes it an opportunity to increase your value, regardless of whether you consider bitcoin to be money or not. Those two things, bitcoin being an investment and bitcoin being "money," are not mutually exclusive.

First you say you're looking for high profit sites, then acknowledge that you know HYIP sites are scams. Those two statements are in direction contradiction of each other. There is no such thing as riskless profit. Any site promising to return high yields hourly or daily are guaranteed scams. Any site promising to do it on a longer term basis is a probable scam. The only way an investment can return profit to you is if it conducts some type of business that actually creates a profit to begin with. Constantly taking more money in but never operating a business is not a site that can return profit to you. It's a ponzi. So no, it is not better than to "do something" than to do nothing. You're better off doing nothing.

Passive income is not hard to come by. If you buy a stock that pays a dividend, that's passive income. It's probably the most common form of passive income. Even if you only have one share that pays a couple cents every quarter, that's passive income. Obviously, the more you have, the more you earn. But going from "no passive income" to having "any passive income" is not nearly as hard as people are making it out to be.

I'm sure at times people thought the same of gold-backed currency; that no matter how convenient fiat was, it would always need be be backed by gold in order to have value. That clearly hasn't been true. Money is no longer backed by gold and the economy is fine. Perhaps the reliance on paper money is similarly over-stated.

The best investment strategy would be to invest in an actual business that generates profits, which gold and Bitcoin aren't and don't. Gold and Bitcoin are speculative investments, merely just gambles. You're at the whim of what everyone else thinks it's worth. When you buy a stock, you are in a sense as well, except there is a business underlying the value, and as the business becomes more profitable, the investment is worth more regardless of if the market recognizes it or not.

I'm familiar with the rule of 72, it's well known. However Treasuries don't yield anywhere near 6%. Interest rates are so low that you could only reasonably expect 2%-3% on the longest term securities, and I believe the longest term is still the 30 year note. Using the rule of 72, that would put your timeline to double your money at 24-36 years. I just split the difference and called it 30.

Regardless of how you buy your house, you're going to have to pay taxes on it when you sell. If you're buying a house with bitcoin, you're still going to use the USD equivalent for tax purposes. All real estate transactions are registered with a county or local government office, you cannot buy a house anonymously.

The market is simply making back the losses since Comey announced prematurely that the FBI was looking at Clinton's emails again. If you look at what that did for Trump, it improved his chances of winning from the low 20 percent to mid 30 percent range. That's a huge swing. The increased likelihood of a Trump win caused investors to flee to safety because one thing that smart money knows is that Trump would be a disaster for the economy. As Trump's odds have fallen back down, money is flowing back into the market. That's what the big rally today was.

Eventually Bitcoin will halve to the point where fees will have to increase dramatically to offset the lost income from new coin fees. I can't see that being a good thing for the currency or adoption. A major advantage now is transaction fees relative to alternative methods of value transfer. If the transaction fees become unwieldy, Bitcoin could collapse.

The market did go through a correction this year, as the OP subject was predicting. However, I think the RBS analyst who made the prediction was anticipating a much longer and deeper downturn, as anyone following the advice to sell everything and move to cash has missed a big run up after the short correction market reversed course.

That kind of action would et shut down real fast. It's not in paypal's interest to allow people to get away with such abuse and it's not in their customers interest to tolerate a business that doesn't shut down scammers hard. PayPal is a payment middleman, and those in that business are ripe for disruption by middleman-less technologies, so they understand very clearly the need to operate fairly for all parties.

Well salary be definition is not passive income because salary is directly related to work. Over time, if you were to save up enough money to invest in an asset that pays you just for holding it, that would be passive income because the income is not tied to performing any work. For example, a rental property or an equity investment that pays dividends.

Thanks for the prompt fix. It is back to normal now. Is there a correlation between activity and this occurrence? That is, does using the faucet more frequently increase the odds of getting snagged by a bot checker?

Hey wetsuit, my lowest tier claiming reward has been halved again. Is this a site-wide occurrence or is the glitch back? My lowest tier reward is currently paying about 140 sats per claim. Earlier it was in the 280s. I don't know what causes this. It would be great if this would stop happening though.