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Miners that are there for mining profits will leave but some who do it to acquire bitcoin will stay. Profitability in mining, considers the cost of production especially electricity to validate the profit level
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In my country there is not an exchange from bitcoin to fiat except if any body uses an ATM machine. If anybody wants a more permanent cooperation then uses Kraken and the rest of exchanges. Others they use cards (load in btc and withdraw to fiat). So it's usual most times face to face deal with trusted persons or using banks (SEPA, Web banking).
I like this thread, this is a real life daily challenge of people staying and dealing bitcoin in some third world countries. If bitcoin need to get global, this must be handled. They cant make exchanges like we do and they need to put it forward as exchange to their daily life. So With the face to face transaction you have advantage of negotiation, however what is the % range of transaction fee. How much does it cost for you guys to convert to fiat, and is the converting process convenient for you?
I'm new to mining and over the past 3 months and mined about $500 of various cryptos. They are converted to btc on Poloniex, moved to Gemini, then converted to USD and withdrawn to my bank.
My bank fees are about 8% unfortunately. I'm in Hong Kong and have no easy access to US banks or btc to Amazon gift card services. Any tips on lowering these fees?
Why do you have to pay such high fees. There are simpler and better method. Does your country not except paypal. If it does then you would not be required to be paid such high fees. People here convert for free or at a fees. There are many who do it. I think you should look at currency exchange or pm me. I will send you the link, you can check the review and trade, not sure if we are allowed to post direct links. But have a look at the currencies section. some exchanges in this area take the advantages that they are few, sometimes some countries do not have more than one exchange, so definitely they exploit those who use bitcoin. Paypal is restricted in some countries to control their fiat value, so dollar get scarce and high in exchange |
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Does anyone know of any research into how much and what % of revenue businesses are receiving in Bitcoin?
One of the main barriers for worldwide adoption of Bitcoin is that many people don't see the tangible benefit. This study hopes to show the bottom-line benefit that businesses are getting.
Any suggestions are much appreciated.
Research in bitcoin is important now, but due to the global effect of cryptocurrency, you may not get a reliable result if you don't reduce your study area. If you are living in a country where it is acceptable, maybe you should stay within the confine of the country. If you like to get global, stay within a certain business |
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I am having difficulty in the use of the mercatox exchange, still no deposit to other bitcoin addresses. I placed an order for my merca and want to cancel it also.
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It is still safe until otherwise. There a lot put into it making it available as offline storage and accessible when the computer is connected. There is an opportunity to a secure way of spending, protecting it from viruses, hackers and keyloggers. It is not free like most wallets and have stood the test of over 3 years
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The wings are out of the shell. 2 wings for an egg. Already listed on liqui, guess still waiting for go-ahead. Just that the token value still low (<4000 sat). Just hope for a pump
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It is good to take risk, some bought it at higher price though but I think it will survive not going below $1k at the end of the year. There ways to multiply it if you can take the risk also but wont advice storing like others
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I knew it, if it does not happen now it will happen soon. Everything about economy, financial policies and technology in Asia points to that direction, and if it can be adopted by a 1 billion country people, the value will be erupting. China has the recent track record of succeeding. This could help the trade of produce through online store to neighboring Asia countries, South America and Africa. If the government promote it. lots of money will be invested which make a big competition with bitcoin. By rumored Asia bitcoin centralization and mass adoption, bitcoin will be able to compete and survive it.
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I guess thats why have not been in the ANN, It is a war zone. Plenty enemies
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Some people are made to do this. You will ask if they are possessed with the devil or paid to be noisome. There are polite ways to handle everything that's why when power gets in their hands, they call it a wrong hands. You will know how infuriating it will be for you to give birth to child that looks exactly like you. In my 4 months of being on this forum, Have seen a better prepared projects failed, so it is not about the preparation. Beside failing is part of life, If he fails with this he can still do a better but what have you done with insulting existence. You have just turn his thread into unnecessary hot zone. Take your time and be responsible.
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lots of good ways to acquire bitcoin, my aggrieved immoral way is to be involved in the inside job hack of bitcoin exchanges and other hacking methods of some personal wallets. It does not present the community safe for new adopters and it is criminal, Laws should be proffer to punish such dastards acts.
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Demand and supply influence the price fluctuation. most of the market cap pricing are involved in bitcoin exchange. Sometimes there are pumps in the coin but is temporal.
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Bitcoin needs a technical redesign. Currently, it tolerates up to 7 transactions per second, which is tiny compared to thousand making transactions. Researchers believe that its capacity could be stretched to 27 transactions per second without a complete overhaul, but that's still small.
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Big YES, With some online store that I purchase with fiat, I now purchase with bitcoin. No tax to my government, no trace of transaction except for the online store registration. If my transactions go on well for longer time, definitely I wont seek alternatives so also the online store.
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If I pay bitcoin tax, where is the anonymity? It means the government knows where I live, my wallet address, probably the exchange I use and the amount I used in the exchange. If the government should know that much then they can control the use whenever.
I don't think it means any of that. All you have to do is report that you bought them, then spent them, and if you took a loss or made a gain. Just like you do with fiat. Hell, going along with the system and reporting all of your bitcoin transactions might even be a good thing. It could show the government that this thing is for real. And since it's digital by nature, keeping records will be easy, there are already a lot of services out there that help you with it. It's not necessary to tell them that you are earning bitcoin because time will come if your country is not yet regulated about bitcoins, the government are surely making rules to regulate bitcoin, and when the rules will come out, we have no option but to comply with it, it is not voluntary anymore but compulsory. I just wonder how many reports I will have to make while trying to give the government my money. |
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I am looking for someone to teach me how to hack Bitcoins.
You can"t find here. The forum doesn't serve that purpose but to prevent it. |
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Possibly if the centralization goes to china, and the anonymous satoshi is from America, and the relationship of america and china gets worse because of the new president. It wont be good for bitcoin. If I am afraid of any intelligence in the world NSA tops the list. One wont be able to guess the outcome if they plan to attack bitcoin from there. Centralization won't be good for bitcoin in the future
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It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!
An attack.Hack can happen anytime regardless of the price. i doubt any big hacking incident will occur majority of this hack are inside job and not from the outside. Yes sure it can happen anytime and sure some or even many are some kind of inside jobs, but as a hacker you can choose the time of the hack and i just figured that a smart hacker would wait for a high price so his earnings are even bigger. How can one differentiate between a inside job hack and a hack from outside in an exchange? Just as bitcoiner |
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