Sandeep Goenka, cofounder and chief operating officer at Zebpay said: “The increasing awareness of bitcoins worldwide, particularly about its revolutionary technology, has triggered a rally in the bitcoin market...Japan has now added itself to the list of countries that have regulations for bitcoins. Due to these positive factors, bitcoin prices have been showing tremendous strength.”  Meaning further rise! More regulation does not mean that bitcoin is going to benefit from it. I believe that bitcoin works best when it is allowed to be completely self-sufficient. Meaning that countries do not intervene with any aspect of bitcoin. Right now a lot of countries have regulations for exchanges, but p2p trading is still available without regulation. I wouldn't be surprised if countries start outlawing the trading of bitcoin, even p2p. There is no Bitcoin regulation as long as you keep using Bitcoin for your transactions. The regulation can only refer to the exchange of Bitcoin into FIAT.
Yes, of course. We all know this when we talk about regulation. In USA, the government will not tax you if you are just holding on to your Bitcoin but once you sell them to the dollar then you have to pay some taxes because in all probability you gain something as profits. The government is well aware that they could not really shutdown the operation of Bitcoin so why waste time why not instead put some regulations on the transactions? This can be a win-win situation actually. Thats what I said (see bolded part) edit: What I mean is, that there is no such thing as a "Bitcoin Regulation", but only a "FIAT Regulation". If governments would try to regulate Bitcoin transactions and/or put a tax on it, they will certainly fail. It is impossible to do that, however they can probably do some other things like tracking movement of coins. Will not be 100% effective but will make bitcoiners life difficult. |
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epay.info is a confirmed scam. People are not able to withdraw their money from the site and the site itself is likely hit by the rising transaction fees which is probably the reason why they closed down. Their profit model was from ads, as you said. When they get banned there is no way that they will be able to make a profit, thus the reason they went scam.
I saw a user selling the ePay user base and script without actually selling the domain in the digital goods section. I'm not entirely sure whether this is legit or not, but it seems like it is. This further proves that the admin has no intention of paying anyone back and just trying to get as much money out of this possible before he closes it down completely.
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i though satoshi wanted bitcoin to become a currency not just another stock in the DOW
it is now more expensive to use bitcoin to buy or transfer anything than to use your banks visa card.
the whole point of bitcoin was to "phase out" the big banks or whatever not to become the next goldman sachs
if any bank charged 10$ to withdraw 25$ it would be shut down by the government.
Bitcoin transactions fees are indeed very expensive and probably getting more expensive. However you are exaggerating things here. First of all even though I hate the high transaction fees i can cope with it by sending less transactions in a day. I used to send 20 transactions a day but now i better manage my transactions, make them more compact etc. and i end up only paying like double the fees per day. Also, bitcoin offers way more than a cheap way to send money as pooya said. Bitcoin is a store of VALUE, as opposed to fiat. You can also transfer money overseas in a click with bitcoin, and with the same fees in a $50000 and a $5 transaction. That's the true beauty of bitcoin. |
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i would not, best dump that can happen would make the price tanking to $2k, we see already that the value has a goodresistance there, beacuse there was a 30% dump already. and it held quite good at $2k
who know where is the peak for all we know could be 5k or maybe we are already heading to 10k, and again i don't think this is s bubble, some price correction at certain level are expected
i don't think this is a bubble because it's backed by real adoption, not like in 2013, which was fake manipulation
Agreed. There is probably no way that bitcoin is going to fall back under $2000. People holding bitcoin now and taking a very small risk relative to other altcoins like Ethereum which can go down by 50% imo in just a week. There is really no limits though to how crazy the bitcoin price can go once the 1st august day comes and the community finally decides. It could go to $5000, and don't call me crazy because people thought bitcoin holders were crazy for saying that bitcoin would ever go back up to $1,000 again after that crash in 2013. This 2000+ price is here to stay. Not going anywhere anytime soon. |
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As title says, i have 1.5 grams of gold in gold money currently.
0.5+g is in the Toronto vault whilst almost 1g is in the Dubai vault.
All of the gold is obtained through either bitcoin purchases or p2p trades with other bitcoin users. Proof of the source of funds can be shown upon request. I'm looking for offers of at least 70% currently.
Escrow is accepted or you send first.
Thanks and please PM me for a quick deal.
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Anyone interested in Amazon e-gift cards should message me. I have $450 x 4 at good rate.
I'm interested in buying a few of them for an iMac purchase. However this seems too good to be true. First of all, what rates are you offering for this purchase? 70-80%? Also, can you show that the cards are legitimately purchased instead of being stolen, carded or all of the above? Any sort of receipts for how you obtained it, even though they are e-giftcards? Thanks and please PM me, i'll see if i can purchase from you. |
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I am looking for something new to invest early in, something that is like facebook but it is in its very early stage of development, something that got potential from your point of view, I am only looking for ideas, I will decide myself after reviewing the ideas here. Also I see so many websites which offers binary option , trading that offers you to buy google, facebook and apple stocks. Unfortunately there you do not own anything, they aren't yours for real. I am looking for a website where I can buy real apple stocks or real facebook stocks and me owning them with certificate of owner ship.
There is basically no way online especially so if you are out of the US. Are you in the US or no? If you're in the US just talk to a stock broker operating in your area and that way, you are able to get some real apple and Facebook stock, as in actually in your possession instead of having to use the binary options where you own nothing. I wouldn't say that fb and apple are the best investments possible though. They are already established business meaning that their stocks will probably rise steadily but no real surprises. Buy the rumour, sell the news. |
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for the 100,000,000,000th time, nobody cares about the total market capitalization! altcoins can easily make billions of coin out of thin air and with 0.00000001 price or ever less (yes there are a lot of them worth half a satoshi or 1/100 of a satoshi) and make this total market cap grow out of proportion, just like what your beloved ethereum does  Definitely. The market capitilation nor the price of a bitcoin really matters that much. However it does matter at least a bit, because speculators do rely on it to make profits, after all that's how they make a living. It's illogical to measure how much the total circulation of bitcoin is worth in terms of fiat as well. I guess it's a good, convenient way for everyone to see the value of bitcoin, but a measure like gold would make more sense. I remember that a coin called Solarcoin had a 20 billion market cap when bitcoin was at something like 10billion. Obviously, it was a crappy altcoin. What should matter is user adoption, and liquidity. How much can you sell without crashing the price? If you sold just $50000 worth of this solarcoin i was talking about, you could crash 20% of its value easily. |
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I know there are discussions on the high transfer fees, so I won't complain about those here. I am trying more to get an understanding...
When I was learning about bitcoin one of the stated benefits was that bitcoin was great for micro transactions. The example given was possibility for someone walking around town to access paid wifi spot as they go for small bitcoins amounts a connection (a hypothetical use). But I just transferred $100 from my coinbase wallet to my copay wallet and the fee was .0011 bitcoin or US$3 . The fee was not related to amount, seemed to be a set fee. With a $3 wallet to wallet transaction fee, this would never be practical for micro transactions. It's not even feasible for transactions like a $5 cup of coffee.
Am I missing something ?!? How is actually using bitcoins even possible with a $3 fee. Are there some kinds of bitcoins transfers that are lower fee and other higher fee ? I saw the words "on-chain" and "off-chain", maybe those words are key to different rates of bitcoin transfer fees?
Thank you,
Drew
Bitcoin was indeed used a lot for microtransactions. For example faucets used to be able to provide zero fees. Coinbase used to be able to provide zero fee on chain transactions, and so did Xapo up to this May. The fact that so many legitimate companies are implementing a transaction fee even though they are making a lot of money means that the transaction fee issue is REAL and not just talk. who needs small fees.. Bitcoin is digital gold not some sort of milkbar token What about the people in poorer countries where 0.002 BTC could be their day worth's of work? Wasn't bitcoin supposed to be the solution for these people? But now, they'll lose all of it on tx fees alone. |
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I love BTC, I want BTCs, but buying them now, at this price, it won't work..too expensive   . If you owning Bitcoins or thousand satoshis, consider yourself lucky! A few thousand satohsis is definitely not enough to make an impact for your future. Maybe maybe will appreciate in the future drastically and bring many people millions of dollars in newly created wealth, but an amount so low that you can't even pay the transaction fee in the bitcoin network let alone send anything to anyone isn't worth holding, or at least worth bothering to get from faucets. You could definitely earn bitcoins directly through offering your services. Maybe sell some of your things on this forum as well? Plenty of options out there that allow you to earn bitcoin without having to convert your fiat into btc. If you think that price is high now, in the future imo it'll be even higher. But right now isn't the best time to buy. |
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I think this is the ATH.  And this is awesome. Many business are leaning towards blockchain technology. Yeah this is the All time high. Don't think that people expected bitcoin to ever break that all time high after that recent drop in price which essentially pushed bitcoin back to $2000 from $2700. Many including me thought that this was it for this year, we're going to go full dumpster mode and price isn't gonig to go back up. I dumped the majority of my coins then and sort of regret ever doing that. However the dump will come eventually. It cannot sustain like this. Unless the transaction fee and confirmation times issue can be resolved through scaling, it won't happen. |
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Price is starting to climb, weak hands have been shaken out, whales made their money, people diving back in, strap in and get ready for liftoff
Yes and it would seem that Bitcoin will start to board on a rocket. Based from the recent price of bitcoin, it surpasses the all time high reached by bitcoin last May 25, 2017. So I guess this means that Bitcoin is on route to the moon. A nice news for all bitcoin investors that seek profits from bitcoin and not to mention all if bitcoin users. Reference for the price: https://coinmarketcap.com/currencies/bitcoin/#chartsDon't get too excited mate. Sometimes too much of pumping in a short period of time isn't necessarily for the good of anyone in the bitcoin industry. It's a good short term income for everyone, sure. But it simply does not make bitcoin better. It does not reduce the transaction fees which are skyrocketing, but in fact increases it. Nor does it unite anyone over the looming issues of forking. It's probably going to go down real soon from this point. Honestly I can't see it going up by $100 every singel day. Just crazy stuff. |
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Hello Guys , I am new here & i want to Know what's best times for invest in Bitcoin ? i'll buy buck amount of Bitcoins , so i want to know the best time for buy Best time is defintiley after a crash, when nobody is eager to buy bitcoin because it seems like a dumb investment to make and just a pump and dump machine. Lots of sideways movement, price is quite stable, no real volatility. This is the absolutely greatest time to buy. Why? Everything goes in cycles. People think bitcoin is dead for the nth time and isn't going to get revived this time round. But bitcoin will always get pumped up after a dump - because it has intrinsic value as a commodity. See what happened after the 2013 crash? People panicked and sold. I believe a similar thing is going to happen this time round after bitcoin crashes, which i think will happen this year or next year. It'll be a great time to buy. |
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My concern is that if Bitcoin can be an effective medium of exchange tool?
The reason why I asked is that there are fees associated to each of the transactions and the fees are increasing day after day, so it gets to a point that it is no longer justifiable to use Bitcoin to buy smaller items. Higher fee becomes required as low fee transactions will be placed in the unconfirmed bucket for long time, if not forever, as no miners are willing to include them in the block to validate it.
How will the high transaction cost impact Bitcoin usage and price in the long run? I would rather to see the future price increase is due to demand in the coin circulation than due to demand from speculation.
Please provide your feedback. Thanks.
Your worry isn't really a valid worry at all - high transaction fees doesn't mean that bitcoin cannot be transferred. It just meants that small amounts of bitcoins cannot be transferred, but if someone is able to save up for a bigger amount of bitcoin that will still beable to be sent as payment. However the high transaction fees combined with the high bitcoin prices is definitely causing a problem. I don't think i've eer used any sort of payment processor that charges me $2.5 on a $3 transaction i make. Not even paypal, honestly. Maybe this is the reason why people decided to pump dogecoin a bit, because doge blockchain was relatively free and the transaction fees are still low as always - 1 doge |
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Is there so many scam Btc buyers on ebay? When our Btc transfered they claim their Ebay account was hacked... And then paypal will cancel the payment, because there is no seller protection while selling cryptocurrency on Ebay, only buyers protection!??! It's a bad idea for you to sell on ebay even though it seem like you qualify for seller protection. A lot of times you don't because you are indeed selling crypto and that's something that paypal and ebay are actively against. Andi t's not surprising that people are charging back at all. Honestly, an auction or buy it now doesn't give you any say on who you want to sell it to, whether it is a user with thousands of trades or just a throaway account. If you really want Paypal just do it on coinbase. You won't make crazy premiums but at least the funds are legit. |
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WHAT IS THE HONEST OPINION OF EVERYONE HERE?
WILL WE SEE A DIP BACK DOWN TO THE 1,500 RANGE OR NAAH??
SPEAK ON IT.
I do think that bitcoin is going to go back down soon after this craze is gone. I mean there is simply no way that this pump is going to be sustainable. It would have been if it went up just $10 a day, but this is going up $200, $300 a day. If you want your money, sell your bitcoins as soon as possible. If you think that bitcoin is going up, still sell a portion but keep a small portion of bitcoin so that if another pump was to come you don't lose out. I've already exited fully on my position on bitcoin. Microtransactions are now impossible pretty much to deal with. I'll get back in when the dump comes though. |
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I did a wire transfer to BTC-e, the first transfer worked without incident.
Two weeks later, however, I elected to send a second wire transfer. I had BTC-e's payment details saved in my web banking, and merely had to verify their details on BTC-e's deposit page, as well as, insert reference details, into the transaction. Everything was, and still is, perfect about this transaction; I've checked it many times; and my bank claims that the wire was a success. Despite this, the payment was miraculously lost. It has, thus far, been over a month, and has not been credited to my BTC-e account!
BTC-e will not respond to me at all. I feel that I have been completely reasonable and respectful with BTC-e, and it seems quite unreasonable that they would choose to merely cut me off as soon as I present an inconvenience.
For these reasons, I think it would be a mistake for anyone to trust BTC-e, especially when it comes to depositing funds with them. If anything does go wrong, you can expect them to merely abandon you!
I do think that it is not safe anymore to deal with BTC-e. You'll be absolutely astounded at the scam accusation section of this forum, and how many BTC-e complaints there are out there in this section in question. Since they don't have any sort of mobile number/landline for you to call, your only chance of getting your money back is to try to get as much attention as possible. Keep requesting for your deposit to be credited on the trollbox(will probably get you banned), keep trying to reach their support even though it seems unlikely they will respond. In the end they'll probably resolve it, they're just really slow with things. Good luck! |
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I got the same message by him
I do not think that it's a phishing link, it redirects to the correct site.
The fact that he is trying to cover up his referral link in a PM is extremely suspicious. And I guess this qualifies a bit as unsolicited PM spam, although I was fine with it others might not be as he just copy pasted the same thing to send to different people.
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Directbet was one of the kind. I don't know about any site where you can place a bet with 0 tx confirmation and without creating account. I think it's maybe good because it means i will have more money in my pocket - just my opinion.
I won't use sportsbet not cloudbet, what do you guys think about nitrogen? Is it worth of shot?
Nitrogen is one of the best sportsbetting site, there is also no tx confirmation but you need to create an account before you proceed in there betting site. Just try it mate you experience the past confirmation of every transaction with good odds in every sports. May be after directbet gone, nitrogen jetwin and cloudbet name will be the one that pop up because most people will go to that site to play. But still I can suggest cloutbet or may be jetwin to bet on their sportbetting. And go nitrogensport to bet on esports. Btw anyone know about nitrogensport issue, did they fix it or not? Agreed there will be an incredible opportunity for established sportsbooks that were not so popular as a result of DirectBet being so dominant. I simply didn't even any other service other than directbet because ti was that good. Customer service was on point, lots of promos, and great odds overall. Nitrogensports still has the issue i think. Not resolved yet. Cloudbet is probably the number 1 contender right now and i am using them although they have had trouble paying out in the past. Hopefully they seize this opportunity to clear their name and build upon their existing infrustructure and take their site to the next level. Alternatives are plenty - sportsbet.io, cloudbet, nitrogensports. All 0 confirmations. But none as good |
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Bitcoin in the long term will never be a bubble but in the short term there will be times that it resembles very close to a bubble. Right now is possibly one. I would have said with certainty that this was a bubble a few weeks ago but we saw the correction of over $600 come but we've bounced back up again. It's best to not speculate with your coins if you are just a newbie, sell off at least a chunk and keep the rest. For those who see bitcoin as a bubble, they are entitled to their opinion and no amount of convincing argument can make them change their mind. However, their thinking is actually valid but its one sided looking at it only from the price alone ignoring other potentials in the blockchain technology itself which is the backbone of bitcoin that would solve several problems that have existed for long in the world and this alone will continue to provide support for bitcoin price.
As I said, bitcoin can definitely be in a bubble sometimes. How else would you justify a $1000 increase over 1-2 weeks? No way the amount of bitcoin users just magically doubled or fiat currency just lost half its value. In the long term, btc is generally a good investment. |
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