I don't see that this is so positive news. And I don't think this will influence Bitcoin in some important way. Many banks in the world are already experimenting with blockchain technology so this is nothing revolutionary. And like I always say the influence of China on Bitcoin is overestimated and exaggerated so I wouldn't pay so much attention to that news.
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Viabuy issues Mastercard, correct? It seems they allow their cards to be loaded with bitcoins via their processing partner, BitPay: https://www.viabuy.com/service-experience.htmlAre there restrictions similar to Skrill or are the funds spendable and withdrawable from ATMs? They have strict KYC regs and they have had an active web presence for years so I’m sure they are not a fly by night card operation. Yes it works. But very low limits. You can only topup with crypto 1000 EUR per month, and max 15000 in a year. If you want better limits, you need to verify your income, and that you pay tax, from officials. Limits are not high but not so bad either. Depends on the needs of every individual. Still I 'm not sure that I understood this part with income verification. Who exactly verifies the income and what is the procedure and also who do you pay tax to? I mean we are all obliged to pay taxes on income in our countries, so on what tax you precisely think?
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Why do you people always ask the same questions? By now you should have learned that you can't escape volatility and that there will be times when the price is up and when it's down. Think of your own strategy but generaly when the price is low is the most convenient moment to buy more coins. And whatever you do just don't do panic selling.
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I don't find any sense in this to worry about what will be in such long time period. First the price of million dollars or any other currency is way too exaggerated and I don't think it will be ever reached. Second, it's much better to focus on current period and to make plans with Bitcoin in near future. And what will happen in a year or two no one can't know anyway.
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Both are risky but my choice would always be crypto. The reason for that is because Forex is much more connected to different scam and ponzi scheems and I think that is much more difficult to make any profit than with crypto. I beleive that with crypto you can have much more control and more options to make some money.
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There are many theories about market manipulation but I'm not convinced in that and I don't think this is possible. Maybe whales could influence it only on a temporary basis with huge amount of coins placed or removed from the market but even that I wouldn't call intented manipulation. Market is functioning on a more complex basis.
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True Bitcoin believers are nowdays rare and endangered species. Everything is focus only on profit, the only goal is how to make as much money as possible and every other purpose of Bitcoin and why was it invented at first place is put in second plan. We all live from money, that is true but it's not bad to remember from time to time why we actualy have chosen Bitcoin long time ago.
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Your question can't be answered with simple yes or no. There is always possibility for Bitcoin price to dump, even to 6000$ but no one can't tell for sure whether this will happen or when. I suggest not to sell, especialy if you have bought the coins. You don't have to face the loss if you wait long enough. Patience is one of the most important characteristics of Bitcoin users.
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Over the years Bitcoin has lost a great deal of privacy and anonimity. I would dare to say that it isn't almost anonimous at all. Therefore the need for bulletproof transactions has emerged. But at the moment I'm not sure how efficient this will function if it will at all. And if you want to trade and use exchanges you can't stay anonimous because exchanges are legaly obliged to collect users data in order to keep legitimate business. But for some deal of anonimity you can always try to use Bitcoin mixers.
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Very shortly, it's not advisable and it's not wise at all. Unfortunately, majority of cloud mining sites turned to be scam and many have lost a lot of money so be careful. There are so many such sites but only few of them are legit which is actualy hard to tell so you don't need that risk.
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Yep, I often have that feeling especialy when I see how much are people obsesses with Bitcoin price. It seems now it's only price that matters. Watching the price every hour or even more often, sometimes I even catch myself doing that. And I think that can easily get to addiction, just like gambling and have similar consequences. It's good to have a little more selfcontrol.
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misterango and viabuy is tested by me, and they work.
misterango is 10-12 days delivery, and has decent limits. 3k eur POS per day, and 1k eur ATM per day. acceptable. easy to deposit btc.
dunno with VIABUY, but i have their card and just needs to activate it. but i guess its working.
Thanks for info. How much did you pay for VIABUY? Mistertango is for free, am i right?
Both are Mastercard - i have nothing against Mastercard, but is it mean that there is no Visa debit card on EU market? Nope, no Visa Bitcoin debit cards available because Visa has ended the partnership with Wave Crest, their provider for EU market, due to some condition violations. Aledgley Visa is looking for another provider so they still have the intention to supply Bitcoin debit cards again. How much will this take and when the new cards will be available no one can't tell. Dude visa mastercard is the same. Wave Crest even ONLY had mastarcard issuing. NOT visa. These "closed mastarcard exchangers" needs to obtain a real banking license through EU, then they can start doing it again. You just don't know what are you talking about. Visa and MasterCard are not the same card issuers. And it's not true that Wave Crest wasn't Visa partner. Please inform yourself better before you say something like this and make confusion among users. And MasterCard connected Bitcoin debit cards are actualy working. Like Mistertango.
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I think people who kept Bitcoin that long are those who maybe didn't even have the intention to cope with Bitcoin seriously on long term. Maybe they have bought it and just forgot about it and left it to sit idle in some wallet. I seriously doubt that all of them are visionaires who knew how the Bitcoin price will develope and thus they were speculating. But if they did that now they are more than happy with their decision.
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As a leading web wallet I don't think that blockchain wallet has some competition, at least I'm not aware of it. However, web wallets are the least secure and I suggest that you avoid that option or at least combine it with some other types of wallets. So you could choose among Electrum, Mycelium or Ledger as my favorite wallets that I can strongly recommend.
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Is there a risk that these service providers will follow CRS and report account balances back to our tax agencies? I am looking for a EUR card that I can use for normal living expenses. I would prefer not to be charged with tax evasion ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) All banks share information. http://www.oecd.org/tax/transparency/automatic-exchange-of-informationSeriously, better keep away of non-cash fiat of you want to avoid such a thing... Bitcoin is a good alternative I would say... ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) But not all banks are connected. Within some countries yes, but on the general level no and something like this is impossibe to establish. Also they don't exchange information without reason and automaticly so I think such fear have no ground But I agree that Bitcoin is solution, although not perfect, if you want to completely avoid personal data exposure. But even with Bitcoin your data and transactions are not completely anonimous, don't forget that.
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Transactions fees are significantly lower, that is true. If this is only because of Segwit I'm not sure but it's something that could help Bitcoin if the level of fees stays so low. But anyway big thumbs up for Segwit and hope that the question of transaction fees will be solved as an issue.
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Okay that is pretty good review of the crypto debit cards. However I am very concerned about the few things which makes me stop from even trying these cards. I get nervous by the thought that what if I am using the card one day and suddenly there is huge problem on the block chain of that card provider? What if my transaction does not pass through then it could be very shameful for me to stand in the line when the cashier will say your card isn't working dude! Lolz what if anything like that happen. I mean with the MasterCard and visa nothing like that happens and I can ship free minded with that one.
I know this is very wired thought but to be honest we cant trust the crypto currency on such high level! At least not me! But good review.
I understand your concern but the reason for that is your prejudice and lack of experiences. You should really give Bitcoin debit card a chance, you will be surprised how easy and convenient is this way to spend your coins and it's accepted everywhere. You don't have to worry if some merchant accepts Bitcoin or not. I've been using Xapo card for a two years and they had the system that you are spending your Bitcoin directly from your wallet. Never in two years was my card declined because of blockchain or any other technical issue. Now I'm using Mistertango and when I deposit Bitcoin on it it's immediately converted to fiat currency, Euro to be precise, so there is no option that your card is declined because of anything related to blockchain. You are actualy spending Euros.
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I think that first mistake that people make when invest in Bitcoin is that they expect only profit and they are very disappointed when the situation turns out different. There is no investment that only brings profit. So from the start you have to have the strategy what to do when price starts falling and how will you deal with losses. You have to know clearly what will you do on long term and short term strategy. Always diversify your investment, don't expect miracles to happen and count with losses.
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This is never ending story. When will you figure out that any government in the world can't control Bitcoin network? Don't mix control and regulation in legal sense of term, these are two different options. Bitcoin will stay decentralized and without any control of some central body, like some central bank and what governments will do or want to do is to set legal framework for Bitcoin and other cryptocurrencies.
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Trading on multiple exchanges is very demanding because you have to watch many details like different policies and rules. It's also more risky from the security point of view and it comprises more time but still I think it has advantages and also gives better chances and choices for profit. But I don't recommend that to beginers, it's more for professional traders.
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