I thought of this a couple days ago. I saw the news that now you can spend Bitcoin at various big retail stores using the Spedn app, which I guess basically just uses a conversion service to let you use Bitcoin and exchange it for dollars and sends the dollars to the retailer. I started thinking that this is likely the standard model that will be followed at most retailers to spend Bitcoin.

Very few retailers can be expected to directly take Bitcoin, because it is volatile and they want exactly the amount of money they charge. They're not in the investment business, they're in the retail business, so when they sell something they don't want the amount of money the receive to go up and down. So given that, any time someone spends bitcoin that goes through such a conversion service, that means it is being sold for fiat (or probably eventually a state issued fiat stable cryptocurrency) on an exchange somewhere. If it becomes normal to spend bitcoin wouldn't that create huge downward pressure on the price?

Could the dream of using bitcoin to pay for things around the world actually be, paradoxically, detrimental to its price, and therefore bad for its adoption?

This makes me think that maybe store of value will be the major use case of bitcoin, rather than both store of value and means of payment. What do you think? Is the scenario I describe where spending makes bitcoin's price go down wrong in some way?

Many extremists taking the life of people all in the name of religion, why?

Because could bitcoin represents a value reserve or acts as a "digital gold", really could it change the world in a deterministic sense?

Udinese have taken the lead already against Spal 2013 within the first 5 minutes of the match, It's a much needed win for Udinese as they're fighting to avoid getting relegated. A win today will be a very important step towards that.

Well it’s end of La Liga too and I’m glad to see Valencia has managed to qualify for Champions League next season. I remember asking this question here whether Valencia would qualify or not, and many here supported Getafe but sadly Getafe lost both their games and failed to make the cut. I’ll miss seeing Grizeman in Atletico Madrid colours, he’s one player Atletico will regret loosing.

Congratulations to the Bayern Munich who have remained the German league champions for a number of times. Because in this last match Bayer and Dortmund both won the match. that means Bayer Munchen remains ranked first and became the German league champion for this year.

I'd like to hear from people who have been paid in bitcoin and how they reported it on their taxes.
Before we go any further, please don't waste bandwidth by *advising* me not to report my income.

The situation:

Doing remote work for an overseas client.  This client pays me in bitcoin.  I don't get a 1099 from this person.

As I understand, my income is the amount the bitcoin was worth when the client sent it -- regardless of whether I sell the bitcoin immediately or hold it (hodl).
This will be reported  as self-employment income (since I don't have a corporation) on Schedule C.
If I hold the coins and sell them later, there may be capital gain or loss to be reported separately on Schedule D.

Is there something I'm missing?

The volatile nature of Bitcoin and other cryptocurrencies sees them fluctuate according to market conditions. In this very week, the world’s leading cryptoasset traded above $8,320, but to our surprise, the digital asset is now falling to hit the $7,000 level.

A week ago, BTC traded at a price low of about $6,282. But throughout the week, the crypto was having a non-uniform trajectory – its movement has been up and down (unstable).

https://coinidol.com/massive-sell-off/

Hello everyone, everything good?

Some people should already know that I am scheduling a smart contract that generates profit for all its members.
The contract will be an autonomous investment fund, the management will be done by the own quotaholders.

What can I do so the contract is not charged fraud, pyramid, scan?
because many people do not even understand some projects and they already defame them, as it does with BitCoin.

I intend to leave open source in etherscan along with a reading manual for non programmers.
In addition to making room for javascript programmers. They will be able to create their own investment platform.

In addition to leaving a field so only members can post their experience directly in blockChain.

I would like your opinion. What can I do to make it more transparent?

Thank you!!!

brits voted for nothing it was another one of those pointless 50+-1% election of angolo saxian democracies, completley empty, and enforced democracy, many dont want to be even part of.

now farage is asking private health care to take care of british welfare system, they will soon live like a banana republic being ruled by a regional banking cartel and the scam politicians in its centre.

What are your gambling accidents that ended up did good to you instead of bad, mine was setting up a reverse martingale instead of the normal martingale with starting bet of 50k satoshi, it ended me winning 0.0035, i immediately ended it when i realize what was happenin

And the petition should not work. It would become more useless.
It's still a good show, let it end in some honor, let Tyrion kill Denarys and make John the rightful ruler the king. John would be the acceptable king for all of the 7 kingdoms and the north (the real north).

Right, the final score 103-125.

They throw everything in the first quarter and it was enough to hold off the Raptors. Toronto though was able to cut the lead in the third, but wasn't enough as the Bucks tighten their defense.

Ersan Ilyasova came off the bench to add 17 points, Giannis added 30 points to go with 17 rebounds.

Basically,the Cryptocurrency market is not controlled by any organized structure rather by investors.
The altitude of investors tend to affect the market positively or negatively as the case maybe.
That's why a positive attitude should be maintained by all in cryptosphere.

The money is the reason they entered the casino but the greed is what keeps them going and not stopping. Whole groups of addicts are just fed on by their inner hunger of greediness.

They are often those who are willing to defy logic because technically its not possible to beat the house edge if you are continuing to play without stopping after a green streak. But who cares about these logics when drug affected retarded brains start playing a shiny game of slots?

Liverpool, represented by Jürgen Klopp, truly deserves to win a CL trophy this season. Tottenham also shows its best in CL this season and has a good chances for an amazing finish. Personally, I will root for Liverpool in final match but I won't be too disappointed in case of Tottenham win.