cyprus had no impact on bitcoin. it was pure coincedence. greece bankruptcy will also not have an impact on bitcoin as there are safer ways of getting money out of the country.
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i still think we will go sub $200 again. at this point demand is still far behind. it won't change any time soon as halving is still far away.
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I was living in Taiwan. The security guard at a property I was looking at knew what bitcoin was. This was the guy standing at the desk with a walkie-talkie radio. I said it in Chinese (比特幣) and he said it was a kind of money. Random Indian guy I met in Cambodia knew about it. Random bartender I met in Korea knew about it. I've traveled around the world over the past year and you'd be surprised how many people have heard of it. They haven't heard of anarcho-capitalism but they know something about bitcoin.
it's not easy to make those who have heard of bitcoin actually use it. i wonder what the reason for them is that they don't use it. did you ask them?
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They also earn money from donation & captcha too They could earn extra money if they share other faucet site with their refferal links
Anyway, make money from faucet is bad idea
most faucets are rubbish. but some faucets do give the operator a profit. it may not be a big profit, but profit is profit. the problem is that the traffic quality isn't worth a lot from faucets.
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holding is the best option. it's a solid long term investment with possibly a very high return. you only need patience. not every one can hold like a boss.
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why are people so affraid of volatility? it makes bitcoin a very interesting investment. people always complain. when nothing happens people say bitcoin is boring. when there is good price action people say there is too much volatility.
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What you can do is just buy a ton of Visa Gift Cards from your local store and then convert it to bitcoins either on giftcarddrainer.com or localbitcoins
but doesn't the exchange require you to verify your details before using it? when you use let's say bitstamp it forces you to verify yourself.
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The problem is, you first have to either have or buy BTC to bypass capital controms with it. To analyze any baseline valuation you have to look at what that means in practice.
or buy mining equipment and pay your electric company mining bitcoin won't get you bitcoins easier. why investing in something that might not even give you roi. not a very convenient option.
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Bitcoin won't break $500 a coin, likely will sit around the ~$250 range with occasional jumps over $300 and below $200.
People need to start comparing Bitcoin to other payment methods, and they will clearly see why Bitcoin will never have enough demand to "go to the moon," most of Bitcoin's current users are speculators that have no clue what they are talking about.
Bitcoin's biggest issue is that is not consumer friendly: Buying Bitcoin is time consuming (and costly when you figure in fees associated with acquiring Bitcoin + risk of volatility), very slow (to reach 6 confirmations takes several hours... lately its been taking ~1 hour to get even a single confirmation), no ability to chargeback (this is NOT a plus), and other hassles (security issues, learning curve etc). The only thing Bitcoin is better than using the dollar for is to purchase illegal goods.
buying bitcoin here is very easy. i can buy bitcoins and receive them in my pc wallet within 60 seconds. fee's are only € 0.50 per transaction for buying.
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i think with the higher exchange price they are trying to get people to deposit coins on btc-e for some reason. maybe to generate extra volume to get more fee income.
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The thing is, there is no evidence that the government has any interest whatsoever in hurting bitcoin. This forum is bat shit crazy when it comes to conspiracy theories. But no one ever presents any evidence or even a logical reason for their theories.
governments doesn't have and will not have interest in bitcoin. especially since it is not a threat for them. people here are way too paranoid.
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it's not that hard to go over $300 but definitely not in the comming months. maybe end of the year or beginning next year. long term trend is up. short term doesn't look so bright.
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Sub $200 might happen for a very short time, but don't think many large traders will risk their coins with trying to trigger panic sellers to sell as the halving is getting closer.
I think the price will dance between $200-$250 for a few months before advancing to higher levels. Basically there is no reason for sub $200 anymore.
Im not agree i think sub $200 will happen in two month again. Will see it will happen or not, because i see chart seem like going down and when sub $200 happen its hard for bitcoin price will up again If we indeed go below $213, and subsequently even $200, we need to quickly form a double-bottom at our last low we made in January. If we fail to do that, then it's panic time. We'd be in the $150 then and start to hurt the whole Bitcoin ecosystem. i do think we'll see sub $200 this month if not, surely next month. sell pressure is too strong. buy orders won't hold much longer. my prediction is a low of $190
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less dumping from everyone, less holding, less fud, and certainly more buyng
the usually duo about supply and demand
less holding? how so? if people don't hold their coins, how would you expect the price to reach $1000 holding is a crucial part of a high price.
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i think the GBTC trades are getting people overly bullish
which is a good thing, the bearish trend last even too much for my taste, we need to move ahead and stop shorting all the time people constantly say this bear trend is getting ridiculous. maybe current price is too high. if so the bear effect will be much worse very soon.
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Supply to be choked nearly to death.
which is not something that's going to happen within this years timeframe. but yes you're right. that's the only way it could go to $1000
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kraken is amazing. i had a small issue and it got solved in a very quick fashion. i have never been helped this good and friendly before while i was using btc-e and a few other exchanges. respect to kraken.
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i would say never more than 25% with any kind of investment. that gives you the option to make nice profit without risking much of your savings.
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How many coins were dumped in that mid January dump?
BFX alone had ~270k for the candle Here is the market data for the day when i look at the finex charts here it shows over 500k coins were dumped mid january. that's insane. far more than bitstamp and btc-e.
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here in the netherlands you van buy and receive the bitcoins instantly via bitonic. they also allow people from belgium to buy bitcoin instantly.
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