Every time I go to the bank I like to ask them if they have heard of BTC, most of the time the answer is no.
I do ask a lot of people about BTC.. a restaurant near me.. near ish use to accept it as well, I asked to pay with it, they said it no longer exists.. .... ...
Most people I find still have zero idea what BTC is unless they are friends with the likes of us.. I don't think we are even in early adoption stage.. we are in "the chasm" .. it would appear we are going to survive though... appear anyways..
I dunno just something I have taken note of.
Pretty much everyone that has heard of it assumes it's worth like 5 cents and shits themselves when I say it's $1k (Cad) .. we are in very interesting times with BTC.
Where I live, bitcoin is the currency that everyone has heard of but no one cares. It seems like even with recent events they still think that the price is only 2K. One of my friends saw how bitcoin dropped like 800USD in a day and then he sent me an article, I bet he still thinks that bitcoin is dropping, while it actually is almost double the price of it was before. We need more media attention about bitcoin to get more users and to grow the currency. |
|
|
|
Hello, Today I deposit a few ETH to Bitbay.net but there is no sign of my deposit even after reaching 200 confirmations. When I go to my wallet it shows ETH balance as 0 and pending balance as 0 as well. Anyone used bitbay.net and have any experience? are they scam?
Firstly, like what he said I would recommend rechecking the address by finding your transaction ID and then checking the address, letter by letter and number by number. How much ETH was it by the way, if you deposited a bunch, they might have just turned scam on you. Looking at how your not getting any response from support or any thing, I would just recommend spamming heaps of support tickets if it is a lot of money. Well, I guess you have learned your lesson, trade and buy stuff on more reputable websites. |
|
|
|
Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.
The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.
What is current feel for Bitcoin's value considering its recent retreat?
With the recent price pumps up to 2.6K, then 3K and now almost 3.5K, I certaintly feel like that bitcoin does have the potential to become very big and with that, I would expect prices to hit 5K. It all depends on the community. Lets hope Bitcoin keeps rising and we keeping making profit, I would be pleased to see bitcoin rise to 5k, before the end of the year. Certainly is possible in my opinion. Lets go! |
|
|
|
I introduced a friend to bitcoin in 2016 and he bought 20 bitcoins at $455 somewhere in January 2016. He now sold all of them at $1005 per bitcoin. After bank fees and trading fees, he made a profit of about $10 000 in a year.
The best interest rate he could get back in January was about 10% per year. So his profit from bank interest would have been +/- $910 for 2016.
Even after Tax has been deducted for Capital Gains, he will still Net a profit of about $7000 for the year. He is a very happy chap now, and I got a expensive lunch out of this deal. ^smile^
#Disclaimer : These are calculations done by him, so I do not know how accurate they are. Just thought I would share it with you.
Would you risk about $10 000 now, to possibly copy his success? Those were very uncertain times, when he had to make that decision back then.
Really depends on my financial situation, I did invest a huge amount back when the price dropped to 2K recently. I invested around 8K worth of my money, buying a total of 4 Bitcoins. With all of that I have already sold off all of it when the price was 3.2K and I am pretty happy with my 5K profit. I don't think I will be making such a move like that for a long time, unless if the price dropped pretty hard and I was feeling like investing. I am happy with my profits and it is better to stop while you are ahead. |
|
|
|
The largest single address (1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy) since late last year has recently moved about 57% of the coins to numerous addresses... my first thought given that the movements took place within a 3 hour window on the 8th turning into the 9th of August was that this address belonged to BTC-e... largely due to the news out that they were able to recover 55% of seized funds. But if that were the case and you had control over the master address, why wouldn't you move everything?
Anyone else have thoughts on the recent movement of coins?
Could just be some guy who bought heaps of Bitcoin when the price was nothing and is now selling off all his coins and making some neat profit. 57% though, that is pretty insane and a huge amount when you think about it. That is probably in cold storage and is slowly selling off his bitcoin, especially when the prices are high like right now. Don't think it is the address of BTC-e, they should have multiple addresses and wouldn't be dumb enough to store everything in one address. |
|
|
|
I"m looking for a way to check on the bounty campaign - to make sure that people who signed up actually posted, shared, retweeted, etc.
Taking suggestions, please - thanks!
Not actually possible especially for social media. For signature campaign you can easily buy or make a bot that counts the number of posts done by a participant but then people would abuse the system and spam a lot, just for the payment For the social media, you could just make another bot that would verify every post, but quality and adding people to a spreadsheet would have to be done by you. Just hire a bounty manager. |
|
|
|
Nowadays it's really people who say that before they knew the bitcoin of their lives it was very fit, but now many economic changes after knowing and earning from bitcoin, what is your response to something like this?
I think that is true, since Bitcoin provides the chance for lower class people to instantly just swap positions with someone else. There have been stories of people who have bought like a tiny amount of bitcoin who weren't that rich and now they have mansions. LOL, what is that picture, pretty true though. Bitcoins haven't so much changed my life, but they certainly helped my economic state and provided me with some fun to do. |
|
|
|
Price being unstable is not at all an issue with bitcoin. Real users were much attracted towards it just because of the volatility. Bitcoin will be used longer and keep growing reach a larger market around the globe. Same will not help with the bitcoin going mainstream.
This is pretty true since the majority of Bitcoin users don't use bitcoin since it is stable, but instead since it provides a new a form of spending money and since it is also decentralised, which causes this to happen. Bitcoins will eventually become more and more stable as the community grows since the price won't be influenced by one's actions. For example someone sold around 18 Bitcoins at 3,500 and the price dropped 100 USD. |
|
|
|
|
It is not possible to prevent a crash of Bitcoin as like most other assets, Bitcoin and it’s value depends on consumers belief of the product. Therefore, the value of bitcoin is determined by the ratio between supply and demand. A crash will occur if the demand for Bitcoin becomes low or the supply for Bitcoin becomes high.
Other factors which may influence the value of bitcoin is the community’s belief in the currency. This is especially true since Bitcoin is a crypto currency and its value completely floats on the community’s belief in it. Therefore, if community trust becomes low for Bitcoin the currency will lose its value.
|
|
|
|
|
Unlike most currencies Bitcoin cannot reach a stable point as Bitcoin is not invested in assets. By this I am referring to how most “real” currencies have their value in assets such as houses, cars, tech etc. while bitcoin simply has value from the community. This is like saying, when will shares become stable, shares are not stable even though they have value. This is my opinion regarding the stability of bitcoin.
|
|
|
|
Noticed that in the past 3 months, bitcoin ATM locations have increased by 15%. For the past 3 years, it has increased 23-fold.
Sorry if this seems dumb, but I don't know what a bitcoin ATM is. I guess it would be the same as a real life atm and instead of being able to retrieve money from it, you receive bitcoin from it. If anyone has a picture of a Bitcoin atm, please send me a pm with a imgur link please  How many Bitcoin ATMS are in the world now? Why are bitcoin ATMs even a thing though? We have localbitcoins and other marketplaces so why would we go outside to buy bitcoin when we can just hop online and save time via localbitcoins? |
|
|
|
Please forgive my cynicism.
I was offered bitcoins in I think 2010 when they were 50p each.
I was tempted to buy £200 worth but had been just lost £200 to a ponzi money scheme so decided against it!
I have seem recent reports saying they are now worth £2,500
Are these the same Bitcoins?
So would I be able to actually sell for cash or money in the bank?
Sorry to ask, but I see lots of people saying they are millionaires but don't think I have seen anyone with the actual money banked.
I mean, my 400 bitcoins would now be worth £1,000,000 and I could actually sell them for £1Million less commissions?
You gotta see I'm sceptical.
Please tell me I haven't made the biggest mistake of my life?
Wait you do have 400 Bitcoin? or you missed the chance to get 400 bitcoin. It is everyone's dream to be able to hold 1K bitcoin until now and then sell all of it and become a millionaire. There was a thread a couple a days back, which found a website which gave out 5 Bitcoin to every visitor. That is not over 10,000 USD now, but the problem is most people probably sold all of it when it was 100 or 200 USD. We need to be more patient and then we can earn money. |
|
|
|
The world will blow up! /s Not really, Bitcoin won' fully be mined for another say 50 or so years and and in around 3 or 4 years we should see another halving happen, which is when the block of Bitcoin halve and decrease the block rewards. Miners right now are basically living off transaction fees since after bitcoin halved, the block rewards have constantly been becoming less and less and it isn't profitable. That's is also why not many people mine bitcoin now, only the people who live in places like China and India, where electricity is dirt cheap can afford to mine. Also why people have higher transaction fees now, to make up for the decreasing amount of block rewards.
Yep, mining is only profitable in places where electricity costs are less like in those places. |
|
|
|
As we all know the blockchain is a public network and sometimes it is ued for buying drugs, weapons etc. For eample if I am going to sell bitcoin to someone I don't know what is the best way to stay anonymous after such transactions? So in case my buyer will use those bitcoins for buying drugs I would be able to stay away from it.
Bitcoin isn't fully anonymous, it is a form of it called pseudo anonymous. Every transaction that is made is recorded in the blockchain, and with a block explorer tool such as https://blockchain.info/, you can easily see what transactions are being made. Right now there aren't many transactions being made due to we are still recovering from the fork and everyone is scared to make transactions. If someone has your address though, they can see how many funds you have, but who knows if that address is yours? You can use a mixin service like chipmixer and you will be more secure and anonymous. |
|
|
|
|
DEAL WITH CAUTION
Before installing your electron cash, I would recommend importing your private keys or just moving it so electron cash doesn't mess you up. Some wallets for Bitcoin cash may delete files related to bitcoin and you may lose all your Bitcoin, so that's why I would recommend using an online wallet to store your Bitcoin when setting up electron wallet, or even better using a hardware wallet for added protection.
Electrum themselves said that their wallet is still unstable, so I would just hold off installing electron wallet just right now until the dev team of electrum dust out some bugs and everything gets fixed.
|
|
|
|
|
Welcome! Can't believe you live in one of the places that have bitcoin atms, I have heard about them but still haven't seen one in real life.
Would recommend you making any transactions for the rest of the week since bitcoin just forked into bitcoin cash and we still seem to be recovering.
Good place to watch places would be preev.com, it is super easy to use and lightweight. Would also recommend a hardware wallet like trezor or ledgerwallet since they are safer.
|
|
|
|
|
The fork has gone through and with the fork, bitcoin has been split into normal Bitcoin and a new type of alt coin, Bitcoin cash. After the fork seems like prices for Bitcoin have risen and the price is not almost 2.9K. Seems like Bitcoin will hit 3K at the end of this month for sure with the rate it is growing now.
Most miners have abandoned Bitcoin cash though, August the one was just an event overhyped and it honestly didn’t affect us that much. Price of Bitcoin cash hit 700 yesterday but now it is at 300-400 USD. Slowly seems to be dying.
|
|
|
|
|
Haha, the people have bit back on Coinbase and they saw what would happen, especially after people started threatening law suits, it seems like they will finally be returning the user's Bitcoin cash, even though they were warned and still kept funds on coin base. Coinbase kept the user's private keys, therefore, storing the Bitcoin cash, the people don't really deserve the Bitcoin cash.
Woah, but that's a pretty long time away, and Bitcoin cash is dropping which means that when people do eventually get their money, it probably won't even be worth much. Pretty rude of Coinbase, why can't they hand out Bitcoin cash now?
|
|
|
|
Oh isn't that interesting. 5 Bitcoins per visitor, it never ceases to amaze me when I see people would probably had heaps of Bitcoin when the price was like a couple of cents. Wonder if the owner of the site is sitting in a pool right in his beach house with his huge amount of Bitcoin. I bet everyone reading this is just regretting their decisions once again. I think that we can continue to grow Bitcoin, so maybe the people who are holding Bitcoin right now can see the day where one Satoshi is like a dollar and we are all living in mansions, due to Bitcoin's price. |
|
|
|
|
Well, there is a term used in investing called diversifying. Right now Bitcoin cash seems to be a speculative cryptocurrency to me, it could go really big and overtake bitcoin, but I don't think it will, since Bitcoin has the community behinds it and also the miners.
Right now, I think it would be a good time to diversify your portfolio and leave a bit of the Bitcoin cash that you hopefully got for free to hold, and the rest you should wait for a high price, say like 600 to sell. There was recently a pump and dump with Bitcoin cash and it rose to 700 and then fell back to 300, that would have been a good time to sell, before the dump.
|
|
|
|
|
Show Posts
