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Skrill and Neteller are very greedy and take advantage of their reputation, they are the most expensive ewallet on the market, lucky for them than many big bookmakers work with them, otherwise they would need to cut their fees.
Not surprised they charge a lot too when Bitcoin is concerned.
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Right now you cannot shop in supermarkets with it, but it is not the point of Bitcoin, more and more transactions in Bitcoin in real estate, more and more transactions in Bitcoin in poker, sports betting world. But still I believe we are only at the very beginning, Bitcoin is far from being mass adopted right now. The main asset of Bitcoin is that it does not depend on banks, therefore it is much easier to do transactions. This is freedom in its purest form. Weakness of it is that you need to be careful, and responsible, you are 100% responsible of your funds. No one can help you if you a mistake.  |
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If you are a fully competent trader, then look at all cryptos to do your trades, not just Bitcoin, that is my opinion.
There is always a risk so I would not recommend you to quit your job, unless it is a casual job.
Maybe you can ask for a month's leave, that's what I would do, then work hard as a trader for the next 30 days and see if it suits you.
There is also the option to look for a part time job that should leave you enough time to trade.
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The fork could have happened on block 494 784. This block, and even the next block were mined by Antpool (miner who didn't state he was supporting Segwit2x). After this block being mined, no news were spread about implementing a fork. Nevertheless, a few hours before block 494 784 being mined, some were expecting that the fork would happen and hoping that a new chain would come to life. Look at this tweet:  Actually only 9% of miners were supporting Segwit2x. So even though Segwit2x did not happen, some damage were done by a small group of people  Coinbase got fooled and temporarily stopped all BTC transactions.   Hence the general confusion... and this thread.... |
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the fee simply follows the law of supply and demand..the higher the price the bitcoin the more people are willing to convert it into local currency thus goes that is why the fees are higher because the demand is there so for me it is fair..  But what is the price reaches $10k, then $20K, the demand will grow and fees get higher? In that case, will people still be willing to buy Bitcoins? I think fees are a serious concern. I do believe Bitcoin has a future when it comes to buy houses, cars, so in this particular case fees should not be a problem, but if we are willing to use Bitcoin in everyday's life (to shop at Amazon for instance), then something needs to be done. My 2 cents. |
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I think I should have clarified in my original post - I'm hodling and buying more every time I get the chance; just thought it has been interesting to see people attempting to force negative news that we can all see through so easily over the past few weeks  I get it, but don't worry too much, when something is hyped, there is a lot of talk about it and hence some negative talk too. Price speaks for itself, the rest is pointless for now If you are aiming at a short term profit, you are not taking a big risk IMO. Pretty easy to make quick and decent profits these days. |
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Dimitrov surprisingly concluded the season at third place!
He has done so many points in the final of the season, will remain in top 5 quietly for at least the next 6 months.
The next season will be really interesting:
Nadal and Federer will win again?
Djokovic and Murray will return to their highest levels?
A. Zverev will finally win a Slam tournament?
who will be among the youngest players the best?
- Djokovic and Murray will return to their highest levels. Andy Murray I can bet 1 BTC that he will not return ever again to his top level. Hip injury is no joke, he relies way too much on his movement. Margins at this level are small, he lost this extra step that will make him beatable to many guys outside the top 10. It is sad because I kind of like him, and wish he won the Australian Open at least once, but I am afraid he won't and the best if now behind him. My gut feeling is that Federer will have a very difficult season next year, he was so gassed out at the ATP Finals... I wish Kei Nishikori can come back to a good level and win a slam. |
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It is human after all, when you see Bitcoin rising so much in 1 year, big investors will consider investing. If you buy stocks, for the big majority of them you will be lucky to earn 30% a year.
Short term the risk is very small by buying Bitcoin right now, not saying it does not exist of course (see Chinese news about ICO in September and Segwit2X canceled two weeks ago). But eventually, if you don't panic it will be quite easy to make a decent profit.
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Many here say it would require a hard fork "and that many don't want to see that" but perhaps at some point it will be the condition for Bitcoin to survive.
Not saying right now, but in one or two years.
A good product has to evolve and adapt to current markets, this is true for any product and any industry, why would it not be the case for Bitcoin?
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The same question appeared back in 2016 and 2017. I bet another person will ask the same next year. Since I am asked by one of the readers whether is it too late to invest in Bitcoin in 2017, my short answer to this is No.
Most of the people will ask this questions every time:
Is It Too Late to Invest in Bitcoin in 2017? Can I Make Money With Bitcoin?
Hi Oliver. A few of my friends asked me this two months, and here we are, over $8000... #1 The essential question you have to answer is this one: do you think the demand for Bitcoin will decrease, get stable, or increase in the future? In the following months? Following years? Get informed, and try to answer the question yourself, then decide accordingly to buy or save your money for something else. #2 I would definitely recommend you to invest if you know how to trade, this is definitely one of the best ways to earn money with cryptos, but only if you have experience in the matter. If your plan is to hold, get back to advice #1. This forum is great but try to expand your sources of information and read the most you can, Youtube is very convenient to get information and advice. Wish you the best |
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I don't see any bad news spread, but if you meant latest news about USDT thief issue then it affected not only bitcoin but crypto world. But I don't think the impact is big.
I think OP did not necessarily mean bad news (after all the price is doing very well) but negative talk about Bitcoin last few weeks. Reason #1 I believe is the slow transactions and high fees (many transactions unconfirmed for a while last two weeks). Adding to that, the sudden drop benefiting to Bitcoin Cash, and the following week, the exact opposite with Bitcoin Cash crashing and Bitcoin going back to his best price, and overtaking it (all time high as I am writing this). There is a frenzy lately, and frenzy also means some negative talk. Us holders have to remain confident, and don't care too much about short term |
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Betting is illegal in countries such as Israel, Taiwan, China, Thailand and quite a few others.
Legal but regulated in most western countries.
Now, if the question is betting in Bitcoin is legal, I would say yes but only in a few countries like Malta.
Please be aware that there is a law void when Bitcoin is concerned, so not legal does not necessarily means illegal.
edit: @mobnepal beat me to it, we are basically saying the same thing...
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Bumping this thread because it is worth a read.
Also explains why the price of Bitcoin is still extremely volatile but we should slowly head to more stable price (I mean less spikes) with more and more people buying Bitcoins and holding.
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Hi cryptocybran. From what I know, Aussies will be able to convert their Bitcoins to fiat in ATM soon (StarGroup ATMs). StarGroup is planning to collaborate with blockchain service provider DigitalX. You will also be able to buy Bitcoin so it goes both ways, which is awesome. By the way there are already ATM available in Australia but not many, maybe 10 or 20, not more. StarGroup will bring 3000 more, so they will be everywhere in the cities considering Australia is big but has few big cities and lots of desert places. No idea about the fees though, the few existing ATMs right now apply fees between 5% to 8%. About the exchanges, you can read pretty much what is happening in this article > http://www.abc.net.au/news/2017-10-23/bitcoin-one-step-closer-to-being-regulated-in-australia/9058582"It will also become an offence for an "unregistered person" to provide digital currency exchange services." which is a great thing, too many scams happening with ICOs. Also it seems that asking KYC (identity documents) may become more and more common to avoid cryptos being used in crime. One may wonder if cryptos will remain attractive if their anonymity qualities disappear. That could be a concern. The discussion is open... |
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I hold the big majority of my assets, but use something like 10% to place bets on sports on various bookmakers accepting Bitcoin. A good way to remain anonymous and enjoy sports betting. It is important to stick to strict money management rules, otherwise you will always lose all in the long term. |
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