This post didn't age well!  |
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This is actually old news. We've been hearing about this for years. One of the key points of Bitcoin is the trust the community has in it. While we distrust central banks. Them issuing a crypto currency is not going to make us suddenly trust them.
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The latest business trend is to provide Bike-sharing services. It's now a very popular business model in my country, Singapore - there is more than three operators already, and counting. However, I've yet to find any company which accept Bitcoin (or any other cryptocurrency - if their CEO hates Bitcoin).
I wonder how long would it takes these companies to see the value of Bitcoin and accept it as a form of payment. Meanwhile, will there be any new companies coming out that focuses their business on Bitcoin only*?
The only way that I think I am able to rent a bike with Bitcoin would be to buy a Bitcoin debit card and then use it. It would really be good to see bike-sharing operators start accepting Bitcoin. Anyone agree (or disagree)?
* I recently read about BitBike and their peer-to-peer bike sharing model is quite impressive - sadly they do not have option for me to vote for my city.
Good idea, but there is no reason to not accept other types of currencies as well, in fact, I would strongly suggest it. A lot of people are holding tight onto their coins. |
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Hands down, a popular gambling site.
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Its very unlikely that all of us are going to become rich, however, we are hopefully in the right place, at the right time and stand to gain some massive profits  |
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What are the features that a good investor should have? What are the characteristics of people who have enough capital and earn money from money?
What are the factors that make these people successful in their investments?
Investing and day trading are two very different things. Those that have HODL, have profited the most from these recent gains. |
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This is massively good news and as we know, it couldn't of came at a better time, given the news coming out of China. |
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Although difficult, because of how entrenched it is now in the minds of those who partake in Cryptos. The answer is a resounding yes. Something better COULD come along and replace it.
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5K a BTC was full blown bubble turf. BTC will now form a solid bottom, wait for that and then begin dollar cost averaging into it again.
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The Chinese government is ACTIVELY cracking down on ANYONE that is trying to get money out of their country. They look at this as a huge problem. BTC is one of the easiest ways to get money out of the country. They are not going to be BTC friendly.
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BTC at this point needs to form a technical bottom, start following some people that know about charts. You will know when you see it.
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Only if the crime is 100% proven, with no shadow, or shred of a doubt. An eye for an eye.
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Arguably, BTC is already global, as it can be used all over the world, by anyone and easily transferred anywhere in the world.
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I think this is not a good idea. You never know what will happen. Putting a portion of your savings into BTC, on a dollar cost averaged basis? Yes, that would be incredibly smart.
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Well, you are wrong, because anything that can be exchanged for goods or services is a currency. This could be sea shells, as it has been in the past.
The sales on my website tell a different story, as people are indeed using BTC as a currency, and purchasing tangible goods with it.
As in regard to a store of value, this is also incorrect, as it has certainty been a store of value for many. I have been around on these forums, since before the times of $1 BTC. I think to these people, it has been an amazing store of value.
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The Chinese government is actively cracking down on people trying to smuggle money out of their country. It was only a matter of time before they brought the hammer down on BTC.
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Bitcoin was destined for a massive pull back, as I was stating. Nothing, absolutely nothing ever goes up in a parabolic straight line forever. Does this spell the end for BTC? Of course not, eventually it will move higher once again. Just like gold and silver.
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Sorry to hear this, but I think you are out of luck! This really does suck.
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I don't think Bitcoin is going to solve this problem, ever. Human greed is one of the main things that drives innovation and progress throughout our history. I personally think if you take away incentives, then our societies will stagnate and ultimately, eventually collapse.
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