Bitcoin is a decentralized currency and it was found by satoshi mainly for that purpose. But today what happens is, since china is mining large number of bitcoins in the world, chinese hold the majority of bitcoins. To some extent, they are able to control the price of bitcoin. Two weeks before, we saw a huge pump in bitcoin price from $750 to $1150 followed by a huge dump to $850. It happened due to panic selling by the chinese due to action taken by PBOC. So unfortunately, at present, china controls the price of bitcoin to some extent.
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Who is to blame for this, certainly not the Chinese? They seized the opportunity to dominate the mining scene and they also started to buy most of the bitcoins. China is also not to be blamed for the 2013 spike in the price. {That was the Willybot} So stop blaming everything on the Chinese and start buying back some of these coins. If the Chinese government wants to tighten their hold on Fiat, then we should see this as a opportunity to buy these coins and regain dominance in the Bitcoin scene. Yes, instead of blaming china, we should use this excellent opportunity to buy back those bitcoins sold by chinese in panic and control chinese domination over bitcoins to some extent. We know the worth of bitcoin. So, lets use this chance and increase our bitcoin holdings. Let us be professional in trading.
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Who is to blame for this, certainly not the Chinese? They seized the opportunity to dominate the mining scene and they also started to buy
most of the bitcoins. China is also not to be blamed for the 2013 spike in the price. {That was the Willybot} So stop blaming everything on the Chinese and start buying back some of these coins. If the Chinese government wants to tighten their hold on Fiat, then we should see this as a opportunity to buy these coins and regain dominance in the Bitcoin scene. Yes, instead of blaming china, we should use this excellent opportunity to buy back those bitcoins sold by chinese in panic and control chinese domination over bitcoins to some extent. We know the worth of bitcoin. So, lets use this chance and increase our bitcoin holdings. Let us be professional in trading.
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I have used it for recharging my mobile in a website Bitrefill. In our india, almost 95 % of our people dont know about bitcoins. So, i have no chance of using it in shops. Yet, i have decided to buy digital gadgets in online. I hope things would change much faster and we could use bitcoins for our daily needs.
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Instead of saving in such wallets which dont even give you control over you private keys, better try Electrum wallet which charges reasonably. I am using it for past one year and i have not found any issues.Dont try to save a liitle and loose your entire savings.
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I have applied for campaign 3 days before. But still in the spread sheet, it is not mentioned as approved or disapproved.Kindly update spreadsheet so that we can know our status.
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i have not got payment yet. i have pm you the details.
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Governments fear bitcoin as they face huge loss in tax revenues. They also suffer loss in transaction fees due to transactions done through bitcoins. They think that illegal money is easily sent to their countries from abroad through bitcoins.
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Bitcoin price has not fallen as past. Even though, chinese sold their bitcoins being panic of their government, still bitcoin has recovering from the fall as you can see its price has increased from $920 to $975. Happy days continuing for bitcoin holders.
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Majority of people in india dont know about bitcoins. Most people dont have credit card and so it will take long time for indians to adapt themselves to the digital currency Bitcoin. But when indians start using bitcoins, it would create a tremendous increase in demand for bitcoins globally.
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Paper money would still exist. Digital currencies cannot replace paper currency entirely. But in long term period, use of paper currencies would get reduced due to increased usage of digital currencies.
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I would try my best to get a loan from my friends or from a bank because i would not try to sell immediately my bitcoins as i have kept my bitcoins as a long term investment. But if i am not able to get loan, then i have to sell my bitcoins only as a last option.
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i need two senior accounts. pm me the details.
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You can invest in trading in Altcoin/Bitcoins. Better do a thorough research before investing in a altcoin. Read its ANN thread, who are its founders, who have invested in it and what is its market value. Dont ever invest in gambling sites. You may even loose your investment. Dont invest in cloud mining as lot of them are scams nowadays.
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I actually store my bitcoins in my electrum wallet in my laptop. its safe. I also advice every one to not store bitcoins in exchanges. Already, we have seen some exchanges hacked.
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I always use poloneix and i have not found any problem in it. For local currency, i use localbitcoins.com. I have not used kraken yet.
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The first and foremost reason for becoming a trader is to increase my earnings by investing in Altcoins because i get very less earnings from signature campaign.
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Yes, it is definitely good time to invest in bitcoins. If you do late in investing, then definitely you have to pay more for buying the same number of bitcoins later. Already, it has reached $1070 price. Better invest now itself.
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I dont have a Bitcoin debit card, but i have an idea of getting a debit card. I live in india and i dont think that i can get a bitcoin debit card here now.
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Dream of getting rich with bitcoins has started coming true as the bitcoin price is steadily increasing. I invested in bitcoin when its price was $750 and now within two months span, its price is $1090. Its price is expected to go much high. My investment is little, but investors with huge investments would have gained more profits.
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