Preev is wrong.  On the right you can see their sources, which are BTC-E, Bitfinex and Bitstamp, two of which are dysfunctional.  They really need to get on the ball and there needs to be a decent composite.  Currently, it should exclude BTC-E and Bitfinex while including Coinbase and Kraken.

In the current pseudo fractional reserve banking system, a cashless world is completely impractical.  The global banking system has already suffered a couple of big wobbles - in 1929 and 2008 - and who knows what will have happened a couple of hundred years from now considering that the banking system is solely based on debt and represents no value.  Existing money is only based on previous fake money and it goes on and on until exponential growth stops, which it inevitably will.

More trust in banks is completely stupid since you'd have to trust a private company to have the money for you.

A person needs to control their own money, and a "cashless world" as they would want it doesn't give anyone control but governments and banks.

As it says on some of the higher-risk pages on the forum:


Nothing you do is controlled by the forum and you should treat all giveaways and campaigns as extremely high-risk, low-reward work.  Don't expect to get anything more than a test amount of Bitcoin for it.

The Coindesk BPI is pretty reasonable.  Google is off the rails (probably considering Bitfinex) and Coindesk is nice when you don't want to pin yourself down to one exchange.

I'm surprised.  I thought it would drop down again to ~$1100 somewhere between 1300 and 1400, but I guess I was wrong.

The market is still extremely dangerous right now.  Half the exchanges are screwed and the price variation is off the charts.  Who knows where Bitfinex, USDT, scaling and pretty much anything else could take the price.  Very surprising to see a market benefiting from uncertainty.

It's nice to see ETC getting some attention.  I suppose the Ethereum Foundation has stopped gradually dumping huge amounts of it on exchanges.

Just goes to show that cryptocurrencies don't all have to be in competition with Bitcoin.  Bitcoin's decreasing percentage of the total cryptocurrency market cap shows diversity, not opposition.

Blockchain are wrought with bugs anyway.  The whole concept of letting someone else have your private keys and spend your Bitcoin for you is pretty dumb because the second they get exploited (which they're more likely to since they're a giant public figure and you can keep your privacy when you keep the Bitcoin yourself) every user is screwed.  Not to mention all the phishing attacks that users of Blockchain get.

It's just another nail in the coffin, IMO.

This does show their dedication to Bitcoin as a decentralised project rather than just a payment network.  

However, most of their decisions are hard to judge as solely being ethical or for the greater good, just because their business interests usually coincide with the interests of Bitcoin users as large - the more convenient transactions are, the more people will be spending them through their services even if they're onchain transactions which are somewhat centralised (arguably).

I would argue that another company in their place, which acts solely to earn profit, would still do many of the things Bitpay does which we perceive to be ethical.

Yep.  It is an online wallet though so it's not 100% secure.  You should treat it like a current account and a hardware wallet or paper wallet like a savings account / store of cash.

They're accurate in that they make a correct calculation based on the information that you give them (or coinwarz does anyway).  But the difficulty adjusts every two weeks and with the development of Bitcoin ASICs, increasing demand for intention and current bull market, the difficulty is going to go up a lot before you get ROI which will make it take much longer.

Perfect.  In an ideal world, people would treat Bitcoin (from the "digital gold" side) like this:

-In areas with high inflation or even moderate inflation, many people treat Bitcoin as a convenient hedge against it which doesn't require the burden of storing gold.

-Institutional investors consider it a key part of a diversified portfolio because all Bitcoin needs for the price to stay up is for people to leave their money in it.

Actually, ideally it could even be a default currency for investments.  If people want to buy stocks or assets, they should be able to buy them with Bitcoin instead of online fiat currency as it's theoretically capable of extreme stability due to the fixed supply.

The fees on all Bitcoin you buy with a credit card or PayPal will be through the roof if you're not willing to verify your identity to an exchange - you can do transactions with PayPal or credit card on LocalBitcoins, but people will find it very hard to trust you since both choices (especially PayPal) are reversible, which is also why the fees are so high.

There's Coinbase, but you will have to verify ID - same goes for other reputable exchanges.  If you're only looking for a small amount, Blockchain has a credit card option from your wallet which doesn't require ID and CoinMama also does up to $150 worth I think.  For large amounts it's probably not worth the effort.

That's not true at all.  Bitcoin is available publicly on the blockchain - bank transactions are not publicly available in the same way.

It also leaves the possibility of associating the transactions with the charity without even associating them with a person - this is a whole new level of flexibility and intelligence for a company or charity.  It removes the need to trust an individual - hence why Bitcoin is regarded as a trustless system.

After you take away inflation and add compounding, it's probably a lot less than 100%.  Still, that rise is just increased adoption - naturally, Bitcoin has a moderate inflation rate but the predictable supply is what makes it a good digital asset.

Eventually, the growth will slow down and it'll just be a good way of avoiding the inflation of fiat currency and potentially a currency as well - for now, it's full-on an amazing investment.

Check your email.  They tell you whenever someone accesses your account from an unrecognised browser - although if someone else did have access to your account I have no idea why they would trade with it instead of withdrawing.

It could be that you accidentally placed an order at some point, or that there's a glitch but your only real choice is contacting their support (who are very slow at responding right now it seems) to see what's up.

Bitcoin ATMs are a godsend to their owners.

They can get hundreds of people wandering by a cafe or wherever they put it and half of them will think "oh, Bitcoin, I've heard a bit about that, how can I be super alternative and cool by buying it?"

Then they put shitloads of effort into figuring out what wallets to use and how it works just to end up with Coinbase, and they buy some Bitcoin from the ATM with a fee of 10% or something.  Boom, the ATM is rich because of people doing some gimmick instead of a reputable exchange or service.  Bitcoin is rooted online and Bitcoin ATMs are pretty dumb since you're transferring between actual currencies instead of different forms of the same currency.

I wouldn't be surprised if they left Bitfinex on there to drag up the price and help to bring traffic to their site.  Personally I'd never trust a Bitcoin price if I can't see the individual exchanges' price as well so that I know where it's actually at for most people.  Bitstamp is at about $1400 and I'd call them the most "functional" exchange right now. 

Just goes to show that LocalBitcoin traders expect people to pay a lot of money if they're charging higher than preev rates.

Revshare?  I'm suspicious.  Many of those are Ponzi schemes and I usually avoid them, especially when they're related to Bitcoin.  Which one are you using?

There are plenty of Bitcoin freelance service platforms, but none of them are significant enough to be the de facto place to go.  Even on this forum you won't get a huge amount of work because people look for experience which is unfortunately pretty hard to get.

Fiverr used to accept Bitcoin but they stopped just a month or two ago.  No one really knows why.

Well GDAX has been having some kind of weird pump so I'm sure it'll even out due to arbitrage quickly enough.  The liquidity is pretty low so the price can be pumped easily and arbitrage will take a while to kick in.

Another important thing which hasn't been considered on here yet is the spread between the buy and sell price on these exchanges.  If you buy on Bitstamp and sell on GDAX, you won't get the $80 profit because the sell price will be lower than the buy price.  Also the fees and inconvenience of exchanging with fiat currency will mean that a larger spread between exchanges can happen as well.

Note:  BTC-E shouldn't be counted.  They're not accepting fiat deposits so you can't buy there.