Stop supporting credit card use. It should sound something like use credit card to pay for bitcoins purchase and definitely not the other way round.
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Sounds good but why does the price of bitcoin keeps on tanking? There must some selling pressure coming from somewhere. Another explanation i convince myself is i expect the drop in bitcoin price is a reflection of the strength or gain in us dollar like what is happening against all other currencies with bitcoin losing no exception.
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Actually what you brought up has a point. Instead of letting the credit card companies impose at least a 3% deduction out of the selling price why can't they charge the same selling price and then use the 3% as a discount that goes to the customers that pay in bitcoin. Or is there any restrictions based on a merchant's point of view...
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Is ruble fully backed by gold??? I thought only swiss franc has that. Anyway that is the beauty of fiat issued bank notes. When the value drops and in order to counter inflation, banks can have the option to hike interest rate. 17% is not a small amount. For bitcoin to gain advantage in this area would be quite difficult and unless you can guarantee the equivalent same amount of return in a year, then it's different. And looking at the bitcoin price chart today, it's quite frustrating. Otherwise people would still hang on to fiat.
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Looks to me like in your case, it was due to the fees issue where instead of the standard 10000 satoshi, it was only 1000. I did try once sending without a fee for a very small transaction and it got through eventually and that was almost like after half a day.
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Ok i just visited that site. There is no mention anywhere that says bitcoin accepted here. Where is the news link??
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Explain the term middle class. If i own 2 btc would that put me in that range? I agree with your point that early adopters probably can determine the direction of the market but we just have to accept the fact. There is nothing we can do.
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Bitcoin is a success. Its widely used, almost anything you can now buy with Bitcoin. Adoption is increasing and it will keep getting easier to use Bitcoin as a payment method.
I am with you in the wishful thinking department. I truly want to see bitcoin succeed. But I'm sorry you have to be realistic: what you say is simply not true. In 2014 buying a house or a car, or getting paid by your employer, or paying your taxes with BTC in 2014 is simply not possible in 99.99% of the cases. We are taking a step too far. Ok to start off what we need is basically an auction site (a legal one of course) where you can buy a product and that particular store will pay people the extra privilege for using bitcoin. Or a store or auction sites that accept only bitcoin. Nobody is goin to exchange usd to btc just to buy something they can get straight away using usd. And that is a fact. Or Something like a discount when you purchase with btc. Maybe you are asking me what store.... the answer is i don't know but if we are going to start on something that will take us somewhere....this is what i would say we definitely need
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I hope one day amazon and ebay will follow and do the same the same. That means almost everything we can buy using bitcoin.
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(we really need to do something about lost coins btw, no?)
No. That's true. It really doesn't matter. It just makes bitcoin more rare for everyone else and even more valuable. This, combined with unlimited potential subdivisions of a single bitcoin, and there is no problem. Just don't be the idiot to lose your own money. How can it make it more "rare" if we can't determine how much of the bitcoins are actually lost? How can you tell if an this address has a lost key or a parked key, in a vault somewhere? The whole subdivision thing is interesting if it can be pulled off. What makes the difference is basically the amount of bitcoin available in the open market. As available supply goes down, that is what going to make the price goes up. It doesn't matter whether we need to know or determine how much bitcoin are actually considered lost.
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Talk about gift ideas was thinking of rewarding myself with a trezor. The least I could do is to have a peace of mind that my bitcoins are practically almost unhackable. Also giving away some btc for my nieces. Lately they seem to show interest much in crypto and I want to make sure they stay on with bitcoin.
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The least that they could do is to send a small token of appreciation. After reading this article, I know which exchangers take security seriously. Obviously those which offer no bounty are just being complacent? Imagine the loss that they would incur if those security bugs get exploited by other hackers
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You know what I'm thinking? A very good option especially for those people who wants privacy and don't want to let others know what they spent their money on With credit card, basically you will leave traces on where you've been, but for bitcoin....wow
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Why do want to keep there in the first place? Given the history on exchangers going bust, that would tell you everything. Unlike paper money where you can't just keep everything in your house, bitcoin is totally different. Create your very own wallet and have your btc accessed only by you.
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Create HD wallet, write down the seed sequence. Put the paper in a safe deposit box in a bank and have the manager release access to the box in the event something happens to you with a lawyer consent. Something like a will. That person can only access when you are no longer around. To whom you want to assign it to is up to you. But that person must know that you have a will done
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Not everyone has fiat at exchanges to buy coins at the drop of a hat when news like this hits. It will take time for people who have never bought before to learn through this new medium and actually set up an account and buy coins.
True. But as long as people are forced to buy bitcoins in order to spend bitcoins the system will remain broken. We need to reduce the need for this type of exchange. And the payroll side of the equation offers the solution. Unless there is a store that specifically sells certain product that can only be bought with bitcoin, it won't matter much in the end. People are not going to pay using btc when they can do the same with fiat. Also price rally could be shortlived because microsoft have already stated their approach is more towards testing the water.
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I will still continue to hold on to it I know there would be a lot of people who would hastily jump on a sell order but ask yourselves, once you sold out your stash, are you sure you can buy back bitcoin at much lower price later on??? Or do you have to fork out more to buy back same amount? Seriously at 1000 bucks level, bitcoin is still considered undervalued. $3000 per btc would be considered a fair price
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What mechanism would make it go to 800 in an hour?
I think it is very much possible especially if you have bunch of shorters that heavily leveraged their position betting against increase and a decent movement maybe $100 can easily trigger chain of events that could crash through all the stop-loss orders. I don't think many of these investors are really prepared for that situation. It's same thing like what we can see when the yen gained against us dollar in 2009
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For me whether satoshi is still around or not to further develop or refine the codes, the foundation is there to look into this and has made numerous progress thus far to make bitcoin better and better. So for me this doesn't come as an issue at all... if that is your concern, I don't see that as a problem.
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Good news indeed! Even movie directors now acknowledge bitcoin existence. Hope to see some high-budget movie been made specially that focuses solely on bitcoin. I'm not talking about documentary series, I'm talking about a full-fledged movies by top actors or actresses.
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