Saying they turn into a scam is wrong because they start as a scam since day #1 , most of them don't even have mining equipment even If they tell you otherwise. If you really want to invest then stick to trading or even better ... HODL your coins for long term.
You are correct,most of those cloud mining site did not last long. I even joined a couple of sites as of now, only hashocean is left. Also I agree with thread starter that after halving,many sites deactivated. Genesis-mining is also left, and they kept paying till after the halving. It's just that by mining BTC on there, you would never make any roi, since it's just not possible there because they take a big chuck of your earnings.
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This is a ponzi, hyip. Do not invest, even though they might pay some people.
Do not promote these kind of sites, just stay away. And this is in the wrong section.
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I don't see how most of mobile wallets could be considered complicated. If you're savvy enough to comprehend what Bitcoin is and how it works (in general) then you won't struggle.
Apart from the wallets there are other payment apps supporting bitcoins, which probably are closer to the Vipps than wallets. There's Circle app (for both BTC/fiat payments) which access your contacts and allows you to send/receive without using btc addresses if that's what you are after.
I think that's were most of the problems lie, a lot of people just aren't savvy enough to understand Bitcoin. WHen they see and app like Mycelium and those addresses on the screen, it can look quite intimidating and complicated to those people.
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60 days and no one picked up this money yet. As I write this the cache is worth over $80!
Well, there are only around 300.000 people living in Iceland, so I'm guessing there's only a handful of people actually looking and aware that this exists. In a few weeks or so, I'm thinking of doing something like this in my own country, Belgium. I think that one might even be found before this one
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Bitcoin is money. The only difference is that we can't have BTCs on real life. It only exists on the virtual world. But Bitcoin has advantages: We don't need to pay high fees like our local currencies; The transactions are fast and anonymous; Bitcoin is a crypto-currency and we don't have bureucracy to use Bitcoins, and I hope it continues like now for a long time.
I find it often a bit exagerrated that you'd have to pay such high fees for paying or transferring fiat money. There is also enough competition in that area, so can can basically pick and choose the cheapest one. Bitcoin does have a lot of advantages, but it also has some disadvantages over fiat. You mentioned one, it can also be used if you have a internet connection (virtual world)
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I don't know if I believe in any of these tricks, if you keep on gambling it's more likely that you'll become addicted some day. So you should always limit the time you gamble and not make it a daily or even weekly thing.
And some people get addicted easier than others..
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bit-scores.com looks like total SCAM and if you send some coins, it will be on you.
1. They have games only for after 3-4 days 2. When you click on any games, there are shown 100+ bets on every event. This looks totally fake - like all those doublers "payment proofs" 3. Totally wrong lines/odds
This is true, however it might not be a complete scam and just mistakes on their end. For example, they could be faking the amount of users to attract new users; it doesn't necessarily mean they won't pay out. If you are worried OP, just bet at a more reputable sportsbook. The odds don't seem to have that much of a difference, at least not for all games. These are not regular kind of mistakes, they're especially made to take advantage of newbies who don't know much about sportsbetting. Better steer clear of this one, unless admin comes on here and explains himself.
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Trading is the best if you can, Don't casinos/gambling...
Well, we are in the trading section of the forum, so why even mention gambling. Anyway, short comments like that don't help anyone.
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There seems to be a correlation, but I wouldn't go as far as saying it's also causation due to the Presidential elections. If any candidate had any meaningful thing to say about Bitcoin, then we could see some reaction from the market after the election is over.
But these fluctuations have other reasons imo.
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It's not a surprise that Bitcoin is an attractive investment in countries with capital restrictions and high inflation. However reporting "record numbers" might lead to the impression that Bitcoin is widely used by the Venezuelan population, which is clearly wrong. It remains a niche, simply because there is no economic network to support its use: You can't buy food with Bitcoin, which sadly is the most pressing problem for many people in Venezuela.
So Bitcoin adoption may be fueled by the desolate economic situation in Venezuela, but broad adoption will need considerable time.
A ban of Bitcoin in Venezuela won't have any noticeable effect, as the government will be unable to enforce it. Only centralized exchanges may be facing the risk of closure - individual sellers can't be prosecuted effectively.
ya.ya.yo!
I would guess that it would be used by middle and higher class Venezuelans to store value in stead of using it instead of their national currency. Plus, I'd like to see some actual volume from different local exchanges combined.
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I checked ot that map and I'm quite surprised that there are so many in the US.
I think that in my country (Belgium), there are only around 3 or 4, wish we had one in every city at least.
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For me personally, it's the investment that's stopping me from doing it. Sure, I could loan money from some people, but I would not feel safe going about it that way. Plus I'm unsure of the legality and tax issues, seems too much work.
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there are a lot of problems with arbitrage trading and what you say here is only the tip of the iceberg. the prices are usually at the same levels and even when there is a change, the gap which was created only lasts a very small time so you would need to act super fast or you will miss out and also this gap has to be big enough so it can cover all the fees and be still profitable.
Arbitrage is certainly still possible, especially on days/weeks with a lot of volatility. And you can just avoid most problems regarding being too slow if you use an arbitrage bot, like I've said in my previous post.
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It is intermational currency since the begining, we can use it anywhere on the globe to buy something that accepts bitcoin as payment. Its making progress everyday.
However, most of the government in the world does not accept bitcoin as a currency. Bitcoin is not well-known due to the prevention of some countries as well as some organizations. Of course you can use Bitcoin worldwide, but actually bitcoin is rarely used in the physical world Compared to other curriences and forms of payments, Bitcoin is even barely used in the online world too. Daily volume of transactions is just so low compared to CC's
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I do not understand why some people pay for everyday purchases Bitcoins. For me it's the same as if I buy a bar of gold, and in any cafe will saw off pieces of gold instead of dollars. Bitcoin is an investment for me.
The main reason is because of anonymity, when you purchase something online with Bitcoin, you don't have to reveal your identity to anyone. For example people buying porn content might prefer to remain anonymous, if you pay with a credit card, your purchase is associated with your name and will show up in your statement. Yes...for some people, in some situations, the pseudo-anonymity is important. But, using bitcoin at, say, a coffee shop instead of using cash seems a bit eccentric....I mean, it's so much easier to hand over a couple dollars instead of carrying around a phone and swiping it for every small transaction I participate in throughout the day. Isn't it? Oh most definitely, for simple everyday purchases/transactions it's hard to beat cash plus cash is even more anonymous than Bitcoin. But right Bitcoin provides the most anonymity for online transactions because you don't need to have your identity linked to them, it's the best way to stay off the grid. This probably won't be possible for very long though. Yes. After Black Friday in 2011, my whole outlook on banks changed....It turned everything upside down for me and since that event, I've been avoiding banks like the plague. Being able to play poker once again without the banking industry's interference is my predominate reason for adopting the bitcoin protocol. What did banks have to do about that, sorry I'm from Europe, I've heard about Black Friday, but like I said, what did it have to do with banks? It was my understanding that it was just the government who cracked down on online poker sites...
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Bitcoins can help poor countries if adopted there. If poor people decide to get paid in bitcoins and suddenly the price gains some weight, then it will be the best decision made by them because this is not just one person, this is a country which is getting paid in bitcoins and the numbers will be big.
Even in big cities, bitcoin isn't used that much. Fiat is still the main currency. Even countries like USA, they mainly use fiat and bitcoin isn't used by everyone. How can you expect a whole country embrace the idea of bitcoin, especially a poor country? Some people in poor countries might not even afford to have an internet connection. It will require all of them to have their own smartphones in order to get paid in their jobs. It's a poor country, not everyone can afford smartphones. I think it would be more likely for countries with a really open-minded, tech oriented government to try out Bitcoin as an actual currency. I'm thinking about Iceland for example, where the Pirate Party has a pretty good chance of winning the elections. BUT, I don't think even they would be switching any time soon...
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I have been participating in your contests since you first launched the service but unfortunately there aren't many people playing. The idea of offering fantasy soccer playable with Bitcoin is great but it seems you need to make your website more popular to attract more customers. I hope there will be more leagues available for this weekend.
Regards.
That's the thing that withholding me from playing, I really love the concept and I'm a big fan of other football manager games, but they just aren't too fun when there are not a lot of players. How many players are online at any given time for example? At this point in the tournament not more than 20 people. But we returned to work 2 weeks ago, so we will work to increase the number of players. Oh 20 people is actually not that bad, I might check it out for a bit then The site looks really nice btw and I do like that you've started with football (soccer)
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Can I know how much is the reward? I see it is not listed on your announcement. Not trying to be greed or sth like that, but I believe some people are also wondering too
I think its cool for OP not to disclose the rewards for getting opinions of people regarding the site because when people to know the rewards, then it might influence the judgement of people and also attract unnecessarily crowd which might impair objectivity and defeat the purpose for achieving that. Promise of a reward is enough for motivation if anyone is interested in voicing his or her opinion on the issue... Thats it That might be true, but you'd get the most true answers if there wasn't any reward at all, I think. Also, OP, it might be handy if you mention how long it would take to fill it in. Are we talking like 5 minutes here or longer?
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Ranking on Google with certain niche keyword is a lot more effective than these so called `review sites`. I never believe any of the information I read on those.
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