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It is general practice that collateral worth is always greater than amount of loan offered. In terms of bank, it is known as 'Margin Requirement'.
But banks are trusted institutions as compared to individuals here. So my concern is that, since lenders here generally accept collateral higher than loan amount, what is the credibility they will return collateral when borrower is willing to pay back?
Isn't there should be a system of escrow holding security/collateral?
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Another sh*tty article to gain blog popularity. I have seen many new blogs writing anything out of box say- "Bitcoin will be $10,000 this year!! Read how..." etc etc Else, there is nothing special these days creating devastating swings in Bitcoin price or demand |
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Is making a bitcoin exchange a profitable business? Has anyone have any experience?
And I don't mean an online one, but a local one where people can go and buy/sell bitcoin.
What do you think?
I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?
The present bitcoin users will be atmost 100 millions. When we compare to total world population, user is one among 7500 people. By opening local exchange, it may not bring you profits as expected due to less targetted customers. Online business is always better for such things. |
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Bitcoin is more volatile than traditional currency because-
1. It is non-regulated and move up/down owning to customers' demand.
2. The bitcoin market is still so small, addition and exclusion of users cause fluctuations daily.
3. Bitcoin is comsidered less of currency and more of investment by people thus creating speculation impact.
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Campaign on Twitter has ended ?
Yes! All the QTUM related signature campaigns have ended. It was a fun short signature campaign with attractive pay. Hopefully they come back for round 2. Probably not going to happen. there will be no any new campaign because Qtum declared as a SCAM. read more here: https://bitcointalk.org/index.php?topic=1720632.msg17970464#msg17970464Changing identity for earier communication and clear confession can't be consider as scam. There are several coins running on forum giving no details about dev and team. Qtum is comparatively more transparent and has better plan. |
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Thank you very much! C1HYpf4BVS1ArBeHunekCD5s7DMUpFieeX |
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Buying Bitcoin is similar to investing in shares. One need right mind framework, heart big enough to sustain losses. In latest press conference, Indian Bitcoin company Zebpay said-
"Only invest in Bitcoin, what you could bare."
Instability in Bitcoin price, better known as volatility cannot allow any favourable buying or selling price. Maybe $900 can be too high to buy, maybe next day to low to sell !!
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To me there is still not any opportunity legit enough that induce me to invest my Bitcoins. Bitcoins are very prone to scam, once you send Bitcoin to someone, you can't claim it back unless one personally know the receiver. So better stay away from Bitcoin investments, soemething relatively better is altcoin investment, trading,etc.
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Hi ! One of the main differences between BTC and traditional money is that the number of coins is limited. As far as I can remember there can only be 21M minus the ones lost forever. So ,am I the only one to percieve the BTC not mainly for the transaction and payement purpose, but more like a collectible item that will innevitably take value with time ? Sorry if it sounds silly But i'm still new in the cryto money world  Yes, you are absolutely right in your observation. But it is not right to rate Bitcoin as collectible. Collectible is something possessing no utility but value due to scarcity. While Bitcoin is limited but can't be considered as very scarce. It is better to refer Bitcoin as investment item!! |
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WHY PEOPLE WANT TO SCAM TO HAVE BITCOINS....
Because Bitcoin has ability to hide your identity. It is so easy to grab someone's bitcoin and run away. So people find an easy way to collect money, they open HYIP/PONZI with lucrative plans, scam people and run away. Unlike Paypal, you can't open dispute in case of btc!! |
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hello,
Actually I exchanged some bitcoins to perfect money to invest in a site. But I forgot about fees and now amount lacking from $0.04
So, I am finding someone who can send me $0.1 on Perfect Money. I will pay $0.2 from Bitcoin instantly.
My PM= U11984980
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I keep reading threads about how BTC price will reach $5k in 2 years or $11k in 3 years. If this happens, I know we ll all be very happy. However, if this happens, we should all immediately start collecting every satoshi we can starting with BTC transaction fees.
So, what do you use that s reliable, cheap and online. I use Bitgo, a very reliable and its online, it s fast but it s NOT cheap.
Please share your experience.
Thx
For me Coinbase works. You can do entirely free transactions with Coinbase. And the most fascinating part, transactions get confirmed within an hour. Blockchain is good too. With fees approx. 0.0003~ transactions go on speedy mode. And if btc goes to $10k, we would surely see decrease in fees! |
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I like your ambition and share in it, hopefully it will hit 50k+ soon so that some of us can realize our dreams. I always rue not entering bitcoin early but hoping to make the most if it now and going forward into the future.
Its not really to late to engage to bitcoin since as of now we are on still its early stages since bitcoin is just 8 years old and theres lot of thing would happen ahead of us but speaking on 50k i could say that it wont really happen in our lifetime because this price is really high to consider. You are contradicting your own words. When we say, Bitcoin is only 8 years old, it means there is still much to go. By now Bitcoin is able to reform its image from darknet illegal currency to a high potential performing security. This reform is inducing more and more people to switch to Bitcoin. Imagine 1 billion of world population using Bitcoin, what will be the market cap and what will be the price! |
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Not giving much importance to Bitcoin in 2014 and 15. Someone told me to invest in Bitcoin, it was $300-400 back then. But as a newcomer it was little complicated for me. I would have made 3x the amount in a year. Bad of me.  |
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If someone treats Bitcoin as currency, he/she would never consider to sell/buy it. Check your pocket, when you spend money it is not consider as buying/selling of money rather its a utility of money. So all thoose who are always indulged in buying, selling or speculation of Bitcoin are still unaware of the real concept of Bitcoin as currency!!
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When we say Capitalism, we should forget hungry faces, labour class, their rights and lives completely. It should be confined in a society of suit-boot class. To my knowledge, there is hardly any country which has eradicated poverty completely. If poverty exists, Capitalism gonna hit badly for sure!
Mixed Economy is best solution, I guess!!
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Well, maybe possible you could find a generous miner who could push your transaction. Otherwise, don't fear there is no state of limbo in transactions Most of the time they get confirmed else returned. |
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