It provided a good opportunity to buy cheap bitcoins though. Thank you china. It seems that while china is dumping, the rest of the world is pumping.

It still did brought the price back down. It just did not last that long though, just enough time for some to notice the price is down and buy some cheap coins. The price is starting pick back up again. The community has provided good support even if china is trying hard to pull it down.

This really got them. In just two hours they manage to bring down the price to sub 900. They dumped their coins, I buy them cheap. Lucky for us.
I just do not get it why do they have to dump their coins? Can't they just transfer it to another exchange?

it is not about the ban. it is about this.

https://twitter.com/cnLedger/status/829680780083286016

But you are right, it's just same old same old. They are still getting the work done though, people are still dumping their bitcoins because of panic selling. What they see as dooms day, I see opportunity. Time to buy some cheap coins.

That is just the way the world functions, even on cryptocurrency. The rich will always have the advantage since they have more spending power. Anyway, the fee is not yet that high anyway. I spend 65sat per bytes as fee and it got confirmed with in 20mins. That is good enough for me. Not too expensive, not too long wait.

Bitcoin users are still the minority. We are just a few percentage of the total population that uses fiat. Even if all bitcoin users stop using those services, they will not feel it yet. Would western union feel the pressure, no, not yet at least. Maybe in the future when we grow in numbers.

And the learning curve of using bitcoin is very small. Besides, you can do all that you said at the comfort of your home or do it on your mobile phone. There is no extra hassle of going outside and filling up forms.

I hope he is not dead and will come back here someday to continue his work.

We can throw as many speculation as we can but those cannot be confirmed until he comes back. Why don't we just stop it and focus on bitcoin and not the creator. I think it is more productive that way.

It is too late to predict that. You should have said that 6 months ago. The price of bitcoin is quite stable at above 1000. And this is a generic price increase, not pumped by whales, so there is no reason for any price drop.

The title seems to suggest that bitcoin has some evil plan and wants to trap new users.

Bitcoin is in a very high place right now. It is very valuable but still has a lot of space to grow. Bitcoin is actually very attractive investment right now. So if more people are looking for good place to put their money, bitcoin is a good candidate. This will attract more users and maybe eventually trap them.

I voted for 800-1200. Considering the current price of bitcoin, I think the price is right where it should be. I just noticed that lately it is moving up steadily. It may reach 1100+ by end of February if it continues its movement. I doubt it will go back to below 900 unless there is a massive dump by whales.

Usually we celebrate the birth of someone or something. I think if ever we will celebrate a bitcoin day, it will be when the genesis block was established. Of course, other mentioned dates is equally significant but genesis have slightly deeper value or meaning.

There are successful forex day traders who made trading their main source of income, so I think it can also be done in BTC trading. I tried it before but I was not successful. I only earn small amount but not enough to sustain me daily. Maybe others here have a different story.

I just want the fee to be way smaller than what we normally pay on money transfers. Even if we send large amount, it will still be cheaper than sending it on wire transfers. Flat fees is a good idea but I think we will have a hard time finding the right amount that will fit small and large transactions.

Too bad for you. I computed it and you paid 61sats per bytes and it still took you this long. I made a transaction just this morning and I paid 65 sats per bytes and it got confirmed within 20 minutes. I guess I just got lucky or that is the standard fee for now.

received payment, thanks!

Maganda pa rin naman kitaan dito sa pinas, trabaho man or negosyo, kailangan mo nga lang magsipag.  Kung hindi maganda kitaan dito, sana wala ng mga intsik na namumuhunan dito or taga ibang bansa na dito naka employ. Problema lang sa atin, minsan tamad tayong maghanap ng trabaho or kung may trabaho puro naman reklamo.

I just don't get it why some people are still endorsing martingale, making it look like that it is a sure win strategy. In reality, it is still based on luck and the chances of winning on each bet is still 50-50 or less than 50 because of the house. I don't think there is any real strategy that works in any gambling, especially dice. All you need to do is be lucky and you'll win. If not, get out and come back later.

I am curious how Blockchain will be able to counter or prevent fraud and counterfeiting. What particular features blockchain have that can do this? Can you at least elaborate further so people like me can understand blockchain better.

The way I understand it is that Blockchain is just a database, designed to store data. I do not know it is capable to do that.

I am willing to pay at least 1% of the total amount involved. I think it should be that way so that sending money thru bitcoin will always be cheaper than using other services like money transfer or western union.

Unfortunately, bitcoin fees are based on bytes not on amount. So my 1% on amount will not be practical to be used as base for good transaction fees.

Sports betting will be the most profitable gambling for me. I am mostly just betting on basketball. It is easier to predict if you follow the teams closely. I also win some money gambling on dice websites but I also lose it when I get greedy and YOLO bet all my earnings.