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Really, I can't think any good reason SEC could find so as to reject the ETF except if they don't want to see a surge in bitcoin's price. Anyone must take under consideration that process of this ETF going on for about 3 1/2 years. So the rumor of FUD some journalists claimed as the best reason of not approval is unfounded.
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First of all you are welcome and start to read. There are not magic tips but only time to spend and learn. Forum has some very good threads. At first some things about the forum and what are any of the subforums and sections and the terminology which is commonly used. Secondly, a Documentary on Bitcoin and a very useful general thread of bitcoin wallets and a guide how to earn bitcoins . At the same time why not take a look in a collection of papers and journals so that you could find the first paper of satoshi nakamoto and bitcoin genesis. After that you can search anything yourself. These were my tips. |
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Bitcoin, a virtual, decentralized currency, has recently been receiving a considerable amount of press coverage in international mass media.. Bitcoin is currently the most widely used alternative currency in the world, with its total value in circulation recently estimated to be worth over a billion dollars.Does bitcoin brings positive or negative effects to our society..... if so what are those curse or boob??
To my point of view in the near future will go to a cashless world. Banks want people use mobile/web banking and credit/debit cards because there are more than 2 billions of people worldwide without bank account. But all of these payments are fiat too. So for everyone wants to be the bank and the customer at the same time that is, free for any bank strings attached then bitcoin is the only way which total market cap is more than 20 billions of dollars |
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The American president expresses his allegations at a time where he receives a very strong criticism, because it turned out that his colleagues had improper contacts with representatives of the Kremlin. One of them is the attorney general Jeff Sessions, was forced to opt out of the investigations related to the involvement of Russia in the election campaign. So Trump tries to without providing any evidence for the assertion of he claims that his predecessor in the White House "trapped" the phones of Trump Tower in last October, a few weeks before the polls at November 8 so that the world's attention to focus on a scandal Watergate-style.
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I read a couple of previous month articles after the ETF approval. The first was claimed that may be fresh money would come in from retirement accounts and pension funds and the second one that the price will climb at first in $1,500 and before the end of the year will cross $2,000. But of course the writer as he said he expresses his personal opinion. I like the optimistic predictions both of the journalists but I am very skeptical about the investor preferences |
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Even though some members above have already proposed to you that there is no need to care with advanced things, and I agree with them, people sometimes do what they really want to. So if you insist there are some very interesting threads in the forum. One of them which I strongly suggest to start because summarizes many of these topics is this. |
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Some members posted that price increased because it was the favorite currency in illegal activities of the darkweb. Others, because of the economic terms supply and demand. I would say that first bitcoin block was mined in January 2009. If we go back in the past does anyone remember that investment bank Lehman Brothers collapsed on September 2008? What happened after that was a major crisis all over the world with the global debt to rise by the amazing amount of $57 trillions. That means, imho, people lost another one time their faith in banks and the inflationary fiat money. Bitcoin came to fill this gap and till now is up to people's expectations. For this reason price will continue to rise in the long run.
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Every time we see a rally in bitcoin's price like it is the last few weeks people they say the well known phrase 'price go to the moon'. But which is this price? $2000-$3000 even higher? And what will they say after an obligatory correction? Does anyone know what SEC will decide about first bitcoin ETF in March 11? or, does anyone knows if the Chinese government continues its strict policy about the conversion controls had already imposed to Chinese exchanges? I believe that the answer is no.
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Two days ago, I sent two transactions.
0.15 Bitcoin, 0.0001 fee, after 48 hours, still not cleared.
2 litecoins, no fee, took my chance, and it was done almost instantly.
I think, bitcoin is not practical to be useful now a days. In contrast, Litecoin can be sued as a currency, and its price is stable, although it keep going down and down.
As always it depends. But your fee is very small even for the smallest transaction size (is about 200 bytes). Of course, nowadays the transaction fees which are about 120 sat/byte for a low priority confirmation and about 220s/b for the fast one are really high and bitcoin network is not the most appropriate way to send/receive small amounts of money. So if someone wants to do some micropayments then litecoin or some other alt is a good choice. On the other side which coin is more secure? bitcoin or litecoin? There is a good topic in the forum here. At last would be interesting to compare alts and LNs if we had ever see a segwit consensus so as this possibility to be feasible. |
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Can anyone explain to me how exactly this works? I understand that the Points tokens are used in loyalty programs, but how is this a universal solution? Are customers given these tokens as a reward or are these tokens used to buy in the same way as vouchers?
Hi no, so as a consumer, you will probably never see POINTS tokens. The POINTS blockchain works like a contract issuance platform. You create contracts, for example a loyalty contract that says the companies loyalty points are redeemable for Y products, with X expiry date, etc. The blockchain can execute this LEGAL contract. What it does is it executes it (evaluates the contracts clauses or terms and conditions) and based on the results can perform operations. If Solidity is general purpose language, the POINTS execution language is a specific type of query/reasoner language that evaluates the contract and performs other operations. In addition, the POINTS blockchain has methods for redeeming lost POINTS tokens and a universal protocol for communicating with Oracles. So the blockchain can be used for issuing any simple legal contract, not just loyalty schemes but any financial instrument and other simple commercial contracts like car warranties. However, all the Contract templates we are building as a company and all the UI's we are building are for the loyalty industry. This is what the industry needs to compete with companies like Amex, which are becoming the universal protocol for the loyalty industry. If this doesn't make sense please ask what parts need to be clarified, I want people to understand why this is such an amazing project. In our opinion Ethereum is too general for what we need it to do, and BTC isn't meant to be an issuance platform. This solves our needs for a platform to tie in to our loyalty system. So apart from companies like is the AMEX the POINTS could be used as a contract of a normal customer with an insurance company. That includes the home, health and car insurance industry. Is that right? So good customers for example in car insurance who do not often cause accidents will have more benefits than others. Maybe it is and an alternative way of reward. |
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Gold is too hard to die. To my point of view it's only the price from the last days where we don't really know if bitcoin will rise, stay stable (impossible because of it's known volatility) or go down. Moreover we have to see the big picture, that is the total market cap of gold is more than $7,300 trillions and about the bitcoin respectively is more than $20,500 billions. The today XBT/XAU close is about 1.039 showing that 1 btc worth more than 1 ounce of gold. But all of these are only some indexes and they have nothing to predict in the long run. Wait and see in the near future so we could draw more reliable conclusions.
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With the huge spam attack over bitcoin network, forcing us to raise fees, is making insane to make any transaction using bitcoin, since regular transaction fees are taking a lot time to be confirmed, and with this bitcoin is loosing its huge advantage of low fees and fast transactions, but well it keeps being better then Western but delay and higger fees arent good for bitcoin.
Of course none wants to pay high transaction fees when uses the bitcoin network. Nowadays, with the surge in bitcoin price there is also a surge in fees where many times last days I have seen is about 200-220sat/bytes. That means about 50000 satoshis for a median transaction, so about 0.63 dollars in today's btc/usd conversion rate. Using western union I am pretty sure there is not a so cheap and quick transaction. In my country because I live in Europe from one place to another, into the same country, the fees are 4 Euros + 2.5%(of the amount). |
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I have tried to buy bitcoin only one ce and this transaction didn't have any success. I have tried YoBit and this transaction didn't passed. Can you recommend another exchanger where I can buy a bitcoin?
There are many sites from where you can buy bitcoins and also sell your bitcoins, I would suggest you localbitcoins.com for buying and selling of your bitcoins because this site is one of the best site and a safe too. Try localbitcoins for buying coins i am sure you will have a good or better experience than Yobit. I have used, like some members before me already said, the localbitcoins too, using the option of national bank aka web banking. Always the transaction was smooth in a few minutes. Of course me as buyer and the seller knew each other the real names but there was not any other process or any hassle. Moreover, there is the option of ATM crypto where some have the nice feature of fiat to crypto and vice versa but maybe the fee is high. In addition, even though is not common, in some countries there is a handy smartphone application which is named as chip-chap but is limited to four countries till now. |
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Frankly, speaking definitely no. People who are doing this knowing that is a scam they are scammers too, like as the site owner or the creator of the MLM scheme. Moreover, if scammers know that they will easily find willing partners in their crime they will continue to do the same in bigger extent and those 'partners' are accomplice. Therefore, my point of view is that anyone must behave to other people like as he wants others behave to him.
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In the future we will live in a cashless world. People will use their digital wallet to pay for everyday needs like as to buy/sell for goods and services. Fiat money will continue to exist but in digital form as tokens using the bank's private blockchain simultaneously with bitcoins and some strong altcoins. Anytime we will have the choice to choose the currency we are happy to use and and the conversion rate will be done automatically without the human intervention. Paper money will be in museums so as the human race to remember its history.
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The arguments of Peter Schiff is really laughable. Especially about his mindless joke that bitcoin is "is digital fool's gold". In no case serious people could think that this tv show was resembled with a helpful debate. Those people who intend to invest in gold they will do due to their inherent fear in everything deals with technology and not because they were convinced by Schff's words. I was wondering if this guy was one of the more loyal supporters of gold as an investment what would be the others?
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Miners control bitcoin. Network in their hand and most from china. And they also control price.  I partially agree with you. The miners are securing the bitcoin because users give value to this. So my view, even though how to control something which is unregulated, is devs because maintain the code, miners because secure the network during mining process, full nodes because they validate the transactions and blocks from miners, and relay them to other full nodes and the normal users because promote the currency, thus increasing the value of it. So imo the bitcoin community controls bitcoin |
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I really enjoyed the article because has not many technical jargon and the writing style of the text is lighthearted with various funny words and expressions so the newcomers do not disappointing and abandon the idea of bitcoin before they really start to use it. On the other side is useful and maybe not only for newbies but some paragraphs are for the more experienced ones. That is, speaking about trading I did not know that newbies start to trade cryptos in an early stage of their involvement with cryptos and without any experience not only with bitcoins but with alts, too.
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Blokchain is a threat to the banks.
Banks act as a third party to regulate the trade between 2 people
and charge their commission.
Where as in block chain the people who have to do the transaction only are present and no third party.
This is a threat to the banks.
If bitcoins in the coming years progresses in the same way than banks may start closing.
And at a time there may be no banks.
But banks can use blokchain to purchase bitcoins form the money they have and sell it at a higher price later and earn.
Banks might secretly also may set up mining computers in their offices and earn then.
Thus there are very few things a bank can do with blockchain
May be you have miss something or you are a bit confused about bitcoin and blockchain. Blockchain is a blessing that is, a gift and not a threat even for the banks too. Blockchain can operate not only with bitcoin but for many other usages like as smart contracts, digital assets, records etc. Banks are welcome to buy bitcoins like as any other organization and individuals too. So they can sell their bitcoin stash anytime they want like the rest investors. There is no reason banks secretly to mine bitcoins and is completely mindless running mining software from their offices. The mining software is free for everyone even he wants to use the GPU of his laptop to mine what? bitcoins only in 2009. If banks want they can invest money to create mining pools like as any entrepreneur. On the other side they really want blockchain because as an idea is revolutionary, innovative and cost effective as some forum members already have posted. |
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