I am a trader and I can afford to trust only Poloniex from your list of sites, as I am a part of this site since long time and I am sure they will not scam their investors.
There is outside threats like hacking to, like 2 other sites have happend to them. I think Just-Dice owner dooglus can be trusted alot, he held 50k btc as bankroll in his casino and paid out all when closed btc dice. Betking owner dean has held 5k btc long time. Poloniex i trust also. Many sites has been trusted longer the polo without they have scammed. I think there is alot more then just site you can trust. I have invested on just-dice.com for long until now since clams came and site up. I could say i never have a problem and everything is smooth. Dooglus is the person i trust most in crypto world. I just not like clam anymore I wonder why he got out of btc. Clam is such a bad coin. Not even Doog can elevate it to be worth anything. JD is a good site. The coin they use is just unfortunate. |
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The IRS definition is probably the most important definition because it dictates how you have to claim income from trading in bitcoin. Whether the treasury classifies it as a currency or not has no impact on how bitcoin is used, but the IRS classifying it as property has tangible effects on ownership and behavior using bitcoin. All other entities can consider it currency, but until the IRS agrees, it is subject to property rules for taxing purposes.
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There is a logic in OP statement, we do have some old inventions with limited supply and many of them have very good value on the market. I don't know will soft or hard fork do something about it, but for now limited supply is good for long term investments. It means a lot when we know that in future there will be no coins for everyone.
Everything is a risk, we get out from a house with a risk from getting hit from car or some meteorite to fall on our head. People who risk can gain some profit, others will wait for safe heaven.
The limited supply is just one factor. The bitcoin has to adopt the new technologies and learn from the good points in other coins. Otherwise, people will use other coins such as Ethereum. There is no competition with bitcoin and ethereum as the price of ethereum is base on the price of bitcoin, look at the current market now and you will see they are both down a bit and that would prove that my statement is true. The price of ETH is not based on the price BTC. ETH is convertible to USD directly. Btc doesn't even have to be involved. Eth's value is independent of btc's. Your analogy is like saying Apple and Google don't compete with each other because sometimes their stock prices go up and down at the same time. It's ludicrous and factually wrong. |
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This is too much. Bitcoin has never proven to be a safe haven to financial dilemma. Bitcoin is risky. Bitcoin is speculative. Bitcoin will decrease in value during economic uncertainty as all the speculators flee to real safety.
I agree bitcoin is risky to those who don't know how to dance with it. Just a couple of research and you'll find. that if you want a huge profit, there is always a huge risk attached with it. Basically bitcoin give many opportunity to entrepreneur. Investors and of course regular users or believer. Saturation is very low, so if you just create a good strategy, you can be very rich with bitcoin. Bitcoin is risky without qualification. Not if you don't know how to use it, not if you don't know how to dance with it, it is risky, full stop. People speculating in Bitcoin are not entrepreneurs. They are gamblers. Entrepreneurs build a business that generates profit. Gamblers pick a bet and hope it becomes more valuable. No one trading Bitcoin is an entrepreneur. |
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The points are actually valuable because if you stack 3 bonuses of different types at once, you need to claim 10 times to make it break-even after which it is only profit. Also, this is just something extra that is being given out for not having to do anything more than what you were doing before. Also soon, we shall have happy hours and such where you can earn 2x or 3x the normal amount of points.
Can you explain this more? I don't follow. What do you mean by "stack 3 bonuses of different types at once?" Redeeming three of the single bonus point tiers: Without Bonus With Bonus54 starting points, doesn't redeem 54 starting points, redeems three +1RP bonuses (Now balance is 0) + 10 claims @ 2 RP each (20 points) + 10 claims @ 5 RP each (50 points) = final balance of 74 points = final balance of 50 points I don't see how what you said computes. Without Bonus With Bonus54 starting points, doesn't redeem 54 starting points, redeems three +1RP bonuses (Now balance is 0) + 15 claims @ 2 RP each (30 points) + 15 claims @ 5 RP each (75 points) = final balance of 84 points = final balance of 75 points Without Bonus With Bonus54 starting points, doesn't redeem 54 starting points, redeems three +1RP bonuses (Now balance is 0) + 18 claims @ 2 RP each (36 points) + 18 claims @ 5 RP each (90 points) = final balance of 90 points = final balance of 90 points It still only breaks even at 18 spins per day. |
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Isn't florida inside USA? and there are many bitcoin exchanger registered and working in usa so definately they should have written bitcoin as currency in their law, quite puzzled why judge thinks bitcoin not a currency.  Being on an exchange doesn't make the thing being traded money. Bitcoin is traded for USD on a crypto exchange, just like stocks are traded for USD on a stock exchange. Just as that doesn't make a stock security money, it doesn't make bitcoin money. Stocks are an asset. Same holds true for bitcoin. |
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i am not thinking that price will reach 4000$ but i think i will reach atleast 2000$ . since no one can accurately say that what price will be but in my openion the price will be above of 2000$.
4000 dollars will definitely be reached in like 2 years or so, bitcoin is going to grow at a very rapid pace because of a really fast adoption i think two year is very short time for bitcoin price reach to 4000$ , i think it will take too long time like 4 or 5 years that bitcoin price will be reach to 4000$ because bitcoin recent price is 565$. Yeah don't expect $4k price before next 5 years as its never gonna happen and we all know that how long its taking even to touch the price of $1k and I think it will not even touch this price in next halving in 2020. If the bitcoin block size is increased, more people will use it. if the number of users doubled, the price will be $2500. $2500 price is not possible in next 3 years as price is below $600 now and it will take long time even to touch the price of $1k so $2500 is impossible in next few years. If the user number of the bitcoin doubles in the next three years, the price of the bitcoin will quadruple. So the price will be $2500. That's some fuzzy math. How do you even figure that? If you were saying the number of bitcoins stays constant and demand doubles, price would only double. So how do you figure that twice as many users equals 4x the price, while supply is increasing? Doesn't make sense. |
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The number sold and the number bought should always be the same. How can you buy a bitcoin that wasn't sold? Perhaps you mean for every bitcoin mined, two should be bought? Although I'm not sure that makes any sense either.
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NPR's economics podcast, Planet Money, is doing a 5-part series on oil production, demand, supply, and what determines the price. Their second podcast on what determines the price of oil is good. They cover the role of speculators in the market and all the middlemen in the oil industry and how they affect oil futures. About a 20 minute listen. http://www.npr.org/sections/money/2016/08/12/489806822/oil-2-the-price-of-oil |
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I see, you have removed old recaptcha type from the website. Is there any chance you will put it back? At least for me, it was the easiest captcha. SolveMedia is a bit too long to enter and one click recaptcha occasionally spits out "Select images with ... " which sometimes gets extremelly annoying when it asks to click on 3 or more sets of images in a row.
Sorry about that. I had to remove the old captcha because Google deprecated it in May so were no longer updating it. It was the preferred captcha for most bots too because of that. I'll try to find some other alternative captchas which are easier. The rewards system is very cool, but it'll take forever to get to enough for the minimum exchange.
It'll work good for increasing the faucet pay though, I like that a lot!
It's not too difficult to accumulate points if you play it strategically. You just need to initially use your points to redeem for reward points bonuses until you max it out, which can give you 100 points extra per free roll. After monitoring how things go for a while, I'll add options for even higher bonuses if they are viable (ie 10,000% increase to faucet, 1,000 RP per roll etc.). The math doesn't work very well. If you're working with only claiming, it's very difficult to ever make redeeming points for the bonus points worthwhile on the lowest tier: 18 points will get you an extra point per roll, so you are earning three points per roll. In order to make that pay off, you need to claim at least 19 times in a 24 hour period. Look at the comparison below for someone who redeems their 18 points with the intention of earning points faster: Without Bonus With Bonus18 starting points, doesn't redeem 18 starting points, redeems (Now balance is 0) + 19 claims @ 2 RP each (38 points) + 19 claims @ 3 RP each (57 points) = final balance of 56 points = final balance of 57 points So for 19 claims in a 24 hour period, you only come out 1 point ahead of where you would have been. If you make 18 claims, you break dead even (18 + 36 = 54 vs. 18 x 3 = 54). 17 or fewer claims and you LOSE points. That's an incredibly high level of activity required for such a tiny reward. On the higher tiers, it is the same, although the gain is slightly higher. The following is 19 claims after redeeming 180 points for +10 RP per spin (18 breaks even, >17 loses points): Without Bonus With Bonus180 starting points, doesn't redeem 180 starting points, redeems (Now balance is 0) + 19 claims @ 2 RP each (38 points) + 19 claims @ 12 RP each (228 points) = final balance of 218 points = final balance of 228 points Highest tier, redeeming 1800 points for +100 RP per spin (18 breaks even, >17 loses points): Without Bonus With Bonus1800 starting points, doesn't redeem 1800 starting points, redeems (Now balance is 0) + 19 claims @ 2 RP each (38 points) + 19 claims @ 102 RP each (1938 points) = final balance of 1838 points = final balance of 1938 points So no matter the tier, the only way to PROFIT is to make a minimum of 19 spins in a 24 hour period. That's very difficult. |
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I see, you have removed old recaptcha type from the website. Is there any chance you will put it back? At least for me, it was the easiest captcha. SolveMedia is a bit too long to enter and one click recaptcha occasionally spits out "Select images with ... " which sometimes gets extremelly annoying when it asks to click on 3 or more sets of images in a row.
Sorry about that. I had to remove the old captcha because Google deprecated it in May so were no longer updating it. It was the preferred captcha for most bots too because of that. I'll try to find some other alternative captchas which are easier. The rewards system is very cool, but it'll take forever to get to enough for the minimum exchange.
It'll work good for increasing the faucet pay though, I like that a lot!
It's not too difficult to accumulate points if you play it strategically. You just need to initially use your points to redeem for reward points bonuses until you max it out, which can give you 100 points extra per free roll. After monitoring how things go for a while, I'll add options for even higher bonuses if they are viable (ie 10,000% increase to faucet, 1,000 RP per roll etc.). The math doesn't work very well. If you're working with only claiming, it's very difficult to ever make redeeming points for the bonus points worthwhile on the lowest tier: 18 points will get you an extra point per roll, so you are earning three points per roll. In order to make that pay off, you need to claim at least 19 times in a 24 hour period. Look at the comparison below for someone who redeems their 18 points with the intention of earning points faster: Without Bonus With Bonus18 starting points, doesn't redeem 18 starting points, redeems (Now balance is 0) + 19 claims @ 2 RP each (38 points) + 19 claims @ 3 RP each (57 points) = final balance of 56 points = final balance of 57 points So for 19 claims in a 24 hour period, you only come out 1 point ahead of where you would have been. If you make 18 claims, you break dead even (18 + 36 = 54 vs. 18 x 3 = 54). 17 or fewer claims and you LOSE points. That's an incredibly high level of activity required for such a tiny reward. |
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I totally disagree with you, because bitcoin going to rise up its price too much faster
Price may fall in coming days but there is no scope of falling to the price of $350 as that price is history now and we will never see that price again, from here price will only go higher. Nonsense. You sound as clueless as the people who thought the halving was going to send the price to $4000. People always think the *current* price is a new normal, and the only thing Bitcoin has consistently proven is that volatility is normal. $350 in the future is more likely than not. Saying $350 is impossible and "never again" is pure delusion. |
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bitcoin now have a very good picture and a large number of people had eyes the money and they do not want to sell at that time a much lower price and supply will also be reduced within a month for halving that prices will increase , not decrease.
of course bitcoin is huge right now and in my opinion the price of it is going to grow only, 350 is never going to be reached once again i hope soo bro, as long as no one dump the rate then it won't happen. and i now $588 lastly i saw in polo, i hope soon will reach $600 and up more. we will reach huge skies as there shouldnt be such a hack any time soon as they happen really rarely, i think the next pump will be to a new all time high price It has to more than double to reach a new all time high. Don't count on it. The next "pump" will be lucky to take it to $800. Right, we dont have to expect too much that bitcoins price would double in this year. Make some realistic speculation as you observe the bitcoins price as of now, Double its price would be possible but it would take time. Back to topic, the price drop of $350 wouldnt happen even in my dreams. lol In that light, a drop to $350 is more likely than a double to $1200. Investors as a whole are optimistic right now. In a downturn, the price will collapse. (That's the entire investing universe, not just crypto.) |
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So bitcoins to you are a fad Highly unlikely as those other things mentioned were valuable to the "collectors" but bitcoin is of value to everybody as everybody I know "collects" money. It is the exact same value to everybody at that given time of the exchange. First, you have to understand how an exchange works. An exchange doesn't pay you for your BTC, it simply matches the buyers with the sellers, just like eBay matches BTCeanie BTCabies buyers and sellers. So yeah, BTC is only valuable to collectors. No different from Sports Cards, Beanies, or Litecoins, or Feathercoins, or BBQ coins, which all claim to be money. Edit: Sorry, misread "It is the exact same value to everybody at that given time of the exchange." as "on an exchange." What do you mean by "It is the exact same value to everybody at that given time of the exchange"? If I sell you 1 BTC for a dollar, that would magically make all BTC worth $1? Or? Not on an exchange. I should of said at that given time or the transaction in a "trade". My mistake in that wording. But yes 1btc for a dollar - AT THAT GIVEN MOMENT! What else would dictate what it's value is? It is uniform for everybody across the board no matter what  That is the function of the market price. Re. "not on an exchange" -- see my edit. Re. "But yes 1btc for a dollar - AT THAT GIVEN MOMENT!" -- how is this any different from selling Sports Cards or BTCeanie BTCabies or the Brooklyn Bridge? The price is always the price, "AT THAT GIVEN MOMENT," between the parties involved in a given transaction. Anything can be collectable but bitcoin also has utility (actually has better utility than gold). It has proven to be a "hedge" against financial dilemmas. I personally don't plan on stocking up on beanie babies during the next financial crisis. This is too much. Bitcoin has never proven to be a safe haven to financial dilemma. Bitcoin is risky. Bitcoin is speculative. Bitcoin will decrease in value during economic uncertainty as all the speculators flee to real safety. |
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bitcoin now have a very good picture and a large number of people had eyes the money and they do not want to sell at that time a much lower price and supply will also be reduced within a month for halving that prices will increase , not decrease.
of course bitcoin is huge right now and in my opinion the price of it is going to grow only, 350 is never going to be reached once again i hope soo bro, as long as no one dump the rate then it won't happen. and i now $588 lastly i saw in polo, i hope soon will reach $600 and up more. we will reach huge skies as there shouldnt be such a hack any time soon as they happen really rarely, i think the next pump will be to a new all time high price It has to more than double to reach a new all time high. Don't count on it. The next "pump" will be lucky to take it to $800. |
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For the users whose claim rates have been reduced, are you using an app to access the website or accessing it directly from your mobile browser? Can you also pm me your user id's.
I'm using it in the mobile browser, and the rate suddenly halved a couple days ago. The listed payouts show this as well: 0-9885 = 166 sats currently, so it's not like it's advertising the old amounts and then paying out half that. I believe it was in the 360s previously. Can you check now and let me know please. Still the same issue. It's come up a bit to the 170s sat on the lowest tier, but I'm assuming that's because of the drop in btc price. Otherwise, I would have expected it to be around the 360s. 170? 352 is lowest reward. You are wrong m8, when btc go down, rewards go up and other way, so you can always win 200$ as highest or 0,002$ as lowest reward If you don't know what you're talking about, please don't stick your valueless comments in. Obviously there is an issue and that's what I'm trying to get to the bottom of. You've contributed nothing towards solving the issue. For the users whose claim rates have been reduced, are you using an app to access the website or accessing it directly from your mobile browser? Can you also pm me your user id's.
I'm using it in the mobile browser, and the rate suddenly halved a couple days ago. The listed payouts show this as well: 0-9885 = 166 sats currently, so it's not like it's advertising the old amounts and then paying out half that. I believe it was in the 360s previously. Can you check now and let me know please. Still the same issue. It's come up a bit to the 170s sat on the lowest tier, but I'm assuming that's because of the drop in btc price. Otherwise, I would have expected it to be around the 360s. Can you please pm me your user id? I have done so. Thanks for fixing this issue, it's back to the regular rate now. Were any other folks affected besides me? And how was there two different rates being paid? |
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You can trust the Chinese in China to continue buying up the coins and driving up demand.
By and large it is the Chinese control much of cryptocurrency market. So that China and China alone. I think the Chinese control the making of the cryptocurrency, the bitcoin and the Ethereum as they are the miners. The only thing that they control is the distribution of Bitcoin among the markets, and it means very little when it comes to actually controlling it. There are plenty of other miners that also find blocks and sell Bitcoin that aren't Chinese, so it means very, very little. Making Bitcoin means nothing to be completely honest, because most people will just go and buy it from an exchange. It doesn't matter if the Chinese are big miners or not. Bitcoin is produced on a set schedule, if it wasn't for large Chinese farms, the same number of bitcoins would still be produced. Likewise, the number of Chinese miners could double and the same number of bitcoins would be produced as now. It's not like gold where the more miners there are the more is produced. Production is mathematically set and limited. |
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i call it a bubble to.price was increased since when people started discussing about halving. now halving gone so price will and has to go into its bormal range again which is 350$ but if it was really increased then it can become stable at 400-450$
Why do you think $350 is the "normal" range? Btc has never traded at any level consistently enough for it to have a "normal" range. There's no reason to think the current price is a new normal either. |
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