A huge company as Amazon will not have any problem on integrating bitcoin as a mode of payment. They might even release their own crypto currency to be used for their websites. It is a fact that almost all of the online shopping websites are already on the step on checking if the can use bitcoin as a mode of payment to offer their customers maybe one reason why they can't do it right now is because the price of bitcoin keeps on fluctuating from time to time.

I don't think that someone can affect bitcoin's price because of their personal statement, bitcoin experienced it several times but still the price went higher after those statements. Once a public figure talked about bitcoin it will get the attention of people who don't know the coin which will result to bitcoin being more popular.

Regulating the coin might be impossible it will just be the same as banning the coin completely, most bitcoin's users are enjoying the coin because of the fact that it is decentralized with the thought of government not influencing it.

The worst that he can do to stop the coin is to put a ban on it's mining.

I can't use bitcoin that widely on daily spending since not much of stores from our place accepts it as a mode of payment. For now I am using my coins to trade on the exchanges and investing on ICOs. I can't wait for the time where almost every store starts accepting bitcoins for payments like credit cards and surely by that time the price of the coin will go higher.

The rise on bitcoin's price for the past week is because of the increasing demand
of the coin from people who wants to take advantage of the upcoming fork. He is right
 that the price might be corrected but not before the fork since almost everyone is
hodling their coin for the free token. I am even expecting the coin to go $1000
more before the fork come.

Cold regions really has an advantage on mining aside from their climate helps
cooling their devices they are also using the heat that the machines emits to warm
their place. And these regions has cheaper electricity costs.

It is really a good thing that banks are seeing the potential and use of the block chain technology, which only means that they also know that block chain is a process that is hard to manipulate. This will still have an indirect effect on the prices of bitcoin, even though it is not a direct support for the coin it still implies that the technology that bitcoin is using for its transactions are legitimate.

Bitcoin mining is the process where bitcoin blocks are being solved and those blocks contains bitcoins.It is a way for a person to have a bitcoin but difficulty level goes high because of the competition between miners.

Another purpose of mining is for transaction confirmations, every time a bitcoin is transferred from one wallet to another confirmations are needed for the transaction to be verified and for it to go through, those transactions are also included on the blocks that miners are solving every time. We can say that mining is the heart of the block chain once mining stops bitcoin might die because transfers will be impossible.

First question that you need to answer is what are you trying to mine, If you want to mine bitcoin
ASIC miners are the one that can mine bitcoin but if opt to mine altcoins then you can go with GPU for mining.

GPU mining can be profitable in mining alt coins and it can also do multiple mining wherein you can mine 2
different alt coin at the same time unlike with ASIC miners most of the devices are specifically built for a coin.
And another advantage that GPU has is that it has longer warranty period and once mining is not that profitable
anymore you could use your device as a GPU for your computer just make sure that the GPU that you get has a
video output on it since manufacturers are now releasing GPU for the sole purpose of mining.

Maybe the reason why you were not accepted was because you did not follow the instructions on OP,
what you did was you just posted your information and did not fill up the form right away. It is clearly stated on OP's post.

To improve yourself I would suggest you to read everything on the OP before applying to the campaign.

Yes 21,000,000 pieces of bitcoin is the highest possible number of coin that can be in the circulation
less the coins that was kept on irretrievable wallets and coins that belongs to people who died and
was not able to give their wallets to their relatives.

For me this is the best characteristic that bitcoin has, having a limited number of supply will result to
a higher price in the future and since no one can ever add more bitcoin in circulation this is the advantage
that the coin has over the fiat currency. Inflation is impossible for this kind of setup. If the demand for
the coin goes high expect for a much higher price for each coin because of the limited supply.

I think it will be a good idea if you will convert your ETH to BTC until the next fork,
for you to get the new token from that fork with that sole purpose. You need to convert
your bitcoin to ETH right after getting the fork because price might go down after that fork.

By doing this you can expect to earn from the new token and expect to have more ETH after
the fork. Bitcoin's price might go up to $8,000 by November 15 and ETH will remain the
same or might go lower because more and more people are converting their alt coins as of now.

Difficulty level is increasing because of the number of miners and mining equipment that are solving the blocks. Since the rate of the blocks is 10 mins per block if more miners are mining at the same time then they are going to compete with each other for that same block. If the blocks are solved slower then the next difficulty might go low.

Since the price of bitcoin keeps on going high then mining would still be profitable for now because the increase can compensate the increase in difficulty level.

Since you are using a debit card for your withdrawal your information are open to the banks,
and if your government wants to get that information from the bank then they are going to provide it.

Taxes are inevitable and you can't avoid it if your government wants to ask for it since you are
converting your bitcoin to a fiat currency. If you really want to evade those taxes then just keep
the coin or you have an option to sell the coin to another person that is willing to buy it without
applying those taxes.

If you are good in math you can earn big from trading your coins, what you just need to do is monitor the prices of the coins. Since you are just starting with a small investment I would suggest you to invest on coins that cost less with a price range of $0.001 - $ 0.10  but make sure to choose a reputable coin before investing.

Set your selling limits on a reachable percentage. A profit of 5%-15% will be fine since you are trading low cost coins. Just keep on doing this method and your BTC value will go high. BTW this might not be applicable for now since BTC value is currently rocketing and it is hard to do trading from one alt coin to another. or you can try to use ETH instead.

How could it be a better bitcoin if it will be named as a different coin, so what will happen to those people who invested on bitcoin on the first place if the fork became successful that lead to a "better" bitcoin? So if a fork was successful that only means that "bitcoin" will be an alt coin right?


What benefit can a fork offer? What I understand is that a fork is like an ICO without offering it but it came from the records of BTC and a new is created, so which one should be considered as an alt coin?

I am not a professional trader whatsoever but I don't really like that BTG because it is only a copy cat of Bitcoin and it has a low value upon the release of it because no one really believes on its fate, I think segwit2x split coin is much more worth to invest with as the predicted price of it is $1k.

Fold is the move for me, do it as soon as possible while the price of it doesn't go down yet or else you will regret it at the end. Again I am not a professional but everything can happens in the future, who knows maybe it grows.

All of the Bitcoin local/offline wallets are free I think and you can download it also for free so there is no hassle for your part in paying some dollars on it, maybe you are pertaining to the Bitcoin hardware wallets though. I would like to suggest using Electrum wallet because that is the one that I am using for a long time and for me it is so convenient to use even though all offline wallets are design to be convenient maybe I just get used to it.

It is same issue with my local Bitcoin exchange, I even contacted them and no response from them it seems that they need to tell it first ti their programmers to change it again to a much lower price. They are not stealing anything I think because that fee is straight to the miners that making the transactions go through and you can check it yourself.

I think it is much better for you to use Bitcoin hardware wallets because you can adjust the transaction fees at your own discretion comparing to the fix fees to some Bitcoin online wallets.

In my own opinion it can really happen actually because you let that altcoin's wallet software to install in your own personal computer meaning you give that a permission to access your computer, and usually people that have too many cryptocurrencies in their computer has been having almost the same username and password with their different wallets and that is a bad practice that resulted to vulnerability from hacks.



 

There is a chance that Bitcoin will hit that $10,000 mark soon before the year 2017 ends if this growth in price continues until the end of the year but I think it would be hard because the reason for me why Bitcoin's price goes high just like this is because of the incoming Segwit2x that will happen on November 16 that all Bitcoin holder will be eligible to get equivalent coins to the split Bitcoin2x.