Can I transfer bitcoins to my bank account?
Hi there Oliver A! There is no direct way you could do that without converting first the bitcoin. But there is one trading firm I knew which will could directly transfer funds to your bank account. The exchanged is named cex.io, you just need to open a free account and be verified, you can then transfer you bitcoins to them and you could sell it in the market, once in dollar it could be transfer then to your bank account or even back to your credit card.  |
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Is it possible someday that Medical Hospitals accept BTC as a payment for Hospital bills and other fees??
Hi there Nightmare0619! It is not far from impossible, as of today there are numerous company from different industries that accept bitcoin and other crypto as a payment. The latest news that I have heard is the Oakland home seller which offering house for cryptocurrency. The four-bedroom, two-bath, recently remodeled house not far from the Oakland Zoo is listed at $55 BTC. Thus hospitals and medical equipment and medicine is not far could be purchase in bitcoins. |
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My analysis shows Bitcoin's price is at the bottom and my analysis also shows a rise is coming. I can't figure out how much the shift to alts will reduce the rocket fuel, but I do see a rise coming soon.
Anyone see the same?
Hi there Forward_Thinking! I am also looking forward for the continues price increase of bitcoin. What hinders the price I think is the tons and tons of new unnecessary coins. However, there are coins that are promising and giving a good benefit but there are still some that just bubble and fade away. Looking at the chart it seems that when the price breaks below again by 9k it will continue to drop, but if the price hit 17k, it will continue to sky rocket again. |
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I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?
If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
Hi there crst! First thing that comes in my mind is that real money of fiat comes that passes through different hand of the people have a lot of piled up germs. So bitcoin as an electronic money is immune to that germs, I even not heard that bitcoin network suffer from traffic or network congestion due to virus. There are several advantages that bitcoin have which surpasses the utilization of real money, and one of them the way how you send this money from one person to another. As electronic payment is quite fast than sending it physically. |
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Hi there wolf one! let me answer your question one by another. I wonder what is the future of bitcoin and other virtual currencies?
The future is bright and green ahead, several companies are now considering crypto as a payment in their payment and services. Daily consumer payment to replace credit card?
I think it is very far from replacing credit card, because some prefer to sell their bitcoin and the payment go straight to their card and those who are willing to buy crypto mostly use their credit card. Replace international cash payment?
International cash payment could, because transaction fee and the transaction speed is way faster and cheaper using crpto. Replace short-term bank deposits?
I could be, I even prefer to open a new wallet rather than opening a new account in a bank. The future of bitcoin and other virtual currencies is to choose low cost, privacy or decentralization?
Yes, some are right but the privacy could be a debate, transaction are publicly viewable but the owner is hard to be trace. When a dispute arises, is the Bitcoin service provider protecting the seller or the buyer?
The prefer to protect their self first not even the seller or the buyer. I can't state the issue but a couple of google search and you could find what I am talking to. |
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Should I invest in BITCOIN  ? The writer himself or other experts can not predict the future, predict the objective story should choose the short-term investment, long-term, medium term or even investment is in you. You have to anticipate the market trends as well as the risks we have made and decide for yourself. Bitcoin has had impressive growth over the past seven years, but things are still changing, or rising or falling. The only advice from CoinAZ.Net is not to be too risky, do not put eggs in the same basket and do not need stigma, run away the opportunity. BTCBTCBTCHi there Moneypham5! There are several articles, news, and experts claiming that bitcoin is just a fraud, scam, a bubble and much more. But I tell you, why they care if it is bad, why they keep on reporting it, why there are so fascinating that they wrote article about bitcoin and they ended up saying they hate it but the question is why? In my own opinion they are just saying bad news to make the price goes down and make their entrance happier than others. Some people buy bitcoin at high price and some buy it during the price is low, what makes them happy is the income it generates. As a conclusion, keep in trust to bitcoin because many people cares about it. |
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Hello everyone! Today I've read a couple of articles and I've noticed that the most people are used to label each ICO as a scam. That is not fair, I know. Especially when you work in a startup launching ICO and do your best to make a project successful. However, having worked in ICO industry I learned how to recognize a scam just from one conversation with a Founder. I don't know how to explain this feeling. Probably, my subconscious translates knowledge, but I could not say a have a large experience. So I decided to make a list of scam signs: (and this is just my own opinion) - A founder and a team are not open. Talking with a founder is always nice. They are usually full of energy and ready to talk about their project for hours. No matter how tired he/she is: when one is asking about a project, a founder starts talking about it with eyes burn with a fire. No matter who you are. When a founder deflects, tries to escape and avoids it makes you think that he/she just can't tell you anything important. What is more, it is crucial talking to a team. When a team member doesn't know how to answer a simple question about a product, it is also a bad sign. In case of the lack of opportunity to visit an event and to talk to a team, you always can contact a founder and a team online. They should be open and answer patiently all your difficult questions. Even if you ask it every minute. - Spending a lot of money on marketing isn't always show professionalism. Just think. A company needs ICO to raise money for a company development. Isn't it a little bit queerly when an unknown company is too fancy. How? And Why? Why do they need ICO if they already have money on expensive advertisement? I don't know too - You know nothing about a founder. And you cant find any information about him/her. Always google the founder. Always. And now I'm not talking about his/her FB page. I'm talking about his experience, education, photos, events he took part in. A founder should not be a mysterious person who came from nowhere. His background should be open to everyone. - They don't have a readymade product. Let's make a sober recognition. The competition is high. In the end of 2017 - the beginning of 2018 you just can't appear with an idea and ask for money. You need to develop your product before ICO. It should not be an amazing one. It could be just prototype. But investors need something real. They need to touch and try your product. However, just 16% of all ICO has a product. And what do you think about it? What are your signs of a scam? Hi there aleksandra_kickcity! That is a good idea and hopefully your project become so successful like those ICOs. But I have browse some site that list and evaluate those ICO's. I just forgot the website but I think I found it due to a twitter tweet by John Mcafee. He is promoting several coins and token together with those company that are starting their ICO. Hoever, the site seems so highly scrutinize those ICO that they ended up listing only a handfull. I hope your site would provide a more convince way and trustworthy. Good luck! |
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A survey shows that 71 percent of American that are engaged in cryptocurrency are male.
The majority 58% percent are between the ages of 18 and 34 years old.
The survey did not cover other countries, thus this survey is created.
I will create an infographic once I have reached a certain amount of valid data.
Thank you for your answer.
Hi there zentdex! Nice survey, I hope there are more people who will answer your question. It seems that there are many young adult that are holder of bitcoins. I have already voted, and I hope that you soon publish your promised infographic about the bitcoin holder maybe in this forum or even outside this forum. In terms of info graphic you could do check out the post of theymos about asking forum member to create an infographic about the new merit system. Good luck! |
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Payments have been sent to those who qualified
Payment received, thank you! |
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Hi there iamabackdoorman! This sounds no good; There are times that one could achieve popularity by contradicting to the belief of the masses, anyway that is the freedom of speech. You better see the dates on those linked articles and you could see that a prediction is made during the price is low. A true prediction must be made before an even would be happen. So why there are no month indicated about the 5k drop? LOL Most of the analyst even you could check it on the trading graphs that bitcoin price is near to finish its correction phase, meaning the price is going upwards and it could even surpasses the all time high of 20k. |
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Check out my YouTube video where I dive more in depth : BREAKING NEWS KFC is now accepting Bitcoin, and Smart contracts might be legally binding!Is this just a bucket of chicken, or a bucket of publicity stunts? You will be able to buy a bucket of chicken in Select Canada KFC's. However you will have to order it online using Bitpay, and have it shipped to you. Cost : Around $20 + $5 shipping + Taxes + Any other blockchain fees What do you guys think about it? Hi there TimtheYoutuber! Whether this is a marketing scheme or a testing for the possibility of crypto as a payment, it is still a good news for everybody who are into crypto. This will be a role model restaurant that say to their competitors that we can go along with the technology and we are pioneer in this method. Currently the KFC in my country did not accept bitcoin, but if ever they do, I will be glad to try this even for some time. |
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In my opinion it's important because it allows money to become like air or the Ocean. Something that just naturally exists in our lives (without being owned by anyone) and allows us to value things in our world and store wealth.
I think in the future the value will not be determined by any government but by the world economy as a whole.
Hi there ChatterPocket! But like air and oceans I bet if trees could produce dollars there are more people that will be interested to plant trees, but trees could only produce the air we breath thus people just take it for granted. Bitcoin on the other hand, could produce money, thus people starts to find several ways to perform task that could produce and gain them bitcoin. And the problem is the government can't decide whether this could be good or could be bad for the economy. For me, giving people a freedom is absolutely good, but freedom have a drawbacks, it could be use to illegal activities but I do hope that rather than use bitcoin in unlawfull act, people should use it and make it important by helping then to grow their economy. |
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I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
Hi there alihassan99! Gambling is far different from bitcoin. Once simply could say that the Dollar is not a gambling, but you need a dollar for you to enable to do or perform task like gambling. Another one is investment, investor stake their money for a hope that a company will succeed someday and will gain revenue and their investment would grow and give them a potential revenue in the future. What they give is a money, what they do is investment and thinking they will gain or loose it is somewhat you think is a form of gambling. I hope this clears your mind about difference between the two. |
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Stop buying high and selling low you are just draining the market cap... if you bought something you should have done your homework and believe in the project and If that is the case then stop whining when it drops 30-40% following BTC. Then you selll in a panic and poof there goes market cap....
Hold your shit and let New $$$$ come into the market. Stop giving it to the millionaire day traders manipulating the share prices...
End of rant
Hi there Jwillimsgator! Are you still fine? This is a reaction of some people that buy at high price and couldn't be able to sell due to the fact that they may lose money rather than gain for it. Welcome to the world of bitcoin price volatility, some are happy with it especially the day traders which you coundn't stop from doing their job because they gain profit by doing it. Just relax and wait for the moment the bitcoin reaches and could even surpasses the all time high of $20k, some say, patience is a virtue so that your money could earn revenue. |
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Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?
Let me hear it from your own opinions...
Hi there Lewoll! I think I found something similar to your question a month ago. Anyway, when account holder dies and the wallet company notice that the account is inactive and no one came to claim the bitcoins, I think they will be the one who could get it. And no one could ever notice that they go back to the wallet company, because no one is wiling to check the transaction of the address. Thus, it is always good thing to educate your family or friends on bitcoin. |
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...compared to say u.s. dollar bills which you can hold in your hand or stuff in your mattress.
this is why bitcoins will not go mainstream because majority of human beings on this planet do not have access to a computer.
successful gold standards are things like toyota trucks, ak-47's, u.s. c-notes which thrive in places like afghanistan and africa.
Hi there traffexp! Did you know that as of June 2017, 51% of the world's population has internet access, meaning to say that almost half of the people in the world can't access or did not have time nor capability to open website, but the question is do internet fail? No, why, because those almost half of the population is big enough to sustain the growth of the internet. The same way goes with crypto, survey says that 5.8 million people have wallets, thus it is huge enough to sustain the crypto. |
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Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...
What's your take on this, should I go ahead and quit?
Thanks
Hi there Prinox2! If you are just starting up in bitcoin, I would rather suggest to read and learn more before quitting your job. You could make bitcoin activity or job as part time at first, and when you found that you are ready to make a full time job in bitcoin, it could be the time you can quit your job. Remember, to earn in bitcoin you also need some initial investment, and without your current job, you will need extra cash to start with. |
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I'm gonna be honest with you all , i have been trading/investing since 2017.
I earned about 110.000 by trading and basically lost it all, i decided to sell the rest and just quit. I'm gonna explain why, this cryptocurrency market
is very manipulative and can easily be controlled and it will never stop. The icos/alts will always keep sucking all the btc cash so it will always be hard for btc to grow and
dominate.
This market is made to make money and profit from noobs it's like a bitconnect scheme. Every dollar that is made by someone, someone will lose money. Every dollar that
is made in this system will be sold to fiat and if there is low btc buy power it will mean that btc will only keep going down. This market is basically made to make
money from new users like a scheme. For example can you actually believe that if you would've put 10k usd into bitconnect you would have a monthly return of about 4500
every month by lending? This is unbelievably high which again means for every btc/dollar you lend out into this cryptocurrency system = someone will lose money that's
the main reason this market won't be there for long. Because it's basically a pyramid scheme.
Hi there vladimir21! If you are trading since 2017, you knew that the current price volatility is the perfect time to buy and not the prefect time to sell. I am not a pro trader, but what can I say is , if I am you that is willing to sell today, I have done it before this day come. Most trader buy at low, and sell when they knew the price is starting to drop and not when it is already dropped. |
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Hi there btc or eth! Due to the previous listing in major exchange, the price of bitcoin can't go further high. What I think is that, if the price did not swing by February, most likely there are more people will preferer other crypto like for example the ETH. In the notion of Bubble, I think it is not going to happed because the price is stable. You could even notice today that the price is slow getting its step upwards after it reaches the $9k bottom line. That is why most of the people are preferring segwit address to lessen those fee, just wait for a while and soon you will see. |
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(I'm all-in in Bitcoin for the record) I don't want to be a pessimist but I'm kinda going in to that direction.
We all know crypto bled quite bad the past week. Because of bunch of government issues, futures contacts, unconfirmed transactions and what not... We all also know that Bitcoin is neither the fastest nor the safest crpto currency out. The 3rd generation coins are way more in demand and people are in talks of the 4th generation. I'm wondering if BTC will ever see the light of day.
Tether deposited another 400 million USD to BTC, and it's said this is the reason BTC had an upward movement. However, my perspective is a bit blurred and I can't help myself but get more pessimistic about it.
When Bitcoin was around 18k, the only thing that was talked was whether it was the biggest bubble in history or not and (if it is) when it's going to burst. Now that it went up to 20k and went back down to 9k, it looks more of a bubble than not.
I'd like to hear what forum people say.
Hi there Sukut! As famoust investor say, one should fear when most of the greedy people are rejoicing with their revenue, and one should be feel greedy, when most of the people are worrying about their investment. For me, this is the right time to add more possession rather than selling them out. I still trust that bitcoin will reach and even surpasses the all time high of $20k. Most of the analyst says that if bitcoin is a bubble it will never stop goin down, but as you notice then bitcoins is starting to going upwards, meaning this is the time people are starting to trust the crypto again. |
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