Great review. I enjoy watching bitcoin related videos on youtube, it intrigues me how easily the bitcoins can be used by someone who travels a lot to overseas. You'll save a ton of currency conversion fees if you use a bitcoin debit card because bitcoin can be paired with any currency directly. Here's a vid on bitwa.la, i think it's a great debit card: https://www.youtube.com/watch?v=x2vN-oKXQrg |
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Due to the official adoption of Bitcoin in Japan as a means of payment, the thousands merchants will accept the virtual currency this year. But what the actual facts are? Whether you can easily pay for goods and services in Japan using Bitcoin? This helped us to understand BitKan officials. BitKan marketing director Ruby Chen conducted a three-day experiment, which showed how in reality it was possible to use Bitcoin... Read more here https://bit.news/eng/is-it-possible-to-use-only-bitcoin-in-japan/Right now, definitely a big no no. Even though Japan has formally recognized bitcoin as an established, legitimate and legal currency to be used by everyone in Japan, it still unfortunately does not have much status in most of Japan. You can't expect to walk even in the CBD area of Japan and find more than 5 bitcoin accepting restuarants or shops. Hopefully this will change though. |
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If you think investing in bitcoin or a similar “crypto-currency” may be a good method for hiding income from the tax man, you’d better think again. http://nypost.com/2017/04/08/no-you-cant-avoid-taxes-by-investing-in-bitcoin/I am smelling something good here with the news. If the government declared about how peoples can't avoid the taxes by investing in bitcoin, it means directly or indirectly government said that they recognize the existence of bitcoin and how it can be profitable to invest. Definitely interesting. The government is basiclaly saying that bitcoin is a good currency to make profits out of, and this is why you need to pay taxes on it just like any other legitimate asset you may be holding. They're basically saying that bitcoin is legit, it's not a scam. More great news for BTC  |
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I heard tether.to can sends your tether into your bank. But they take forever to verify your account and your information. So far it`s been 5 days I`m still waiting on them. So are there any other ways to exchange your USDT to USD and send the money to your bank?
I think maybe we should make a list here with all sites and options people can use to cash out their Tether and get the fiat into bank accounts
Well the best way and the easiest by far is to trade it on an exchange which does not need you to provide any additional personal ID, such as poloniex.com and bitfinex.com. But you'll only get in return bitcoin and not some fiat currency. I remember that shapeshift used to also accept Tether but now don't. Same with changer.com. Pretty much sure that polo and BFX are the only exchanges that still accept it. |
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I've heard the term used a lot, and this may be a well known term, but what exactly does it mean to "Short" when trading?
Shorting a stock or a coin simply means that you are able to make money in a falling market. What happens when you short a coin or a stock is essentially you BORROW stocks/coins from your broker or other users that you are connected to using the broker or exchanger, in anticipation of the markets falling. You have to pay interest on the amount borrowed(of course). And you are able to make a profit if the markets falls, as you only need to pay back a certain amount of stocks, and you can keep the rest or sell them to make a profit. But if the market rises then it becomes harder and harder to pay the guy back, and your losses can be infinite. |
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how to invest in new altcoin ?
What you need to do is mainly make sure that the coin is open source and there isn't a secret way for the developers to get access to new coins that would appear out of thin air, thus making it a scamcoin. I believe this is what happened with USBcoin in the past. The users basically got scammed by these scumbags. Anyways, good luck. There are a lot of opportunities that are present in the altcoin world. |
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After so much drop in the price of bitcoins , it is steadily becoming stable and the price is 1100$ which is pretty good .it is advisable that the price of bitcoins would this time would be more than 1300$ and maybe touching 1500$ .you can see the same drop as u have seen before.
I can see the value currently to 1209$, i wonder this time it will break all records? i wish to see 1400$ this week as it will allow one to buy potential alt-coins. bitcoin has tendency to give surprises and it will do give, if price breaks from 1400$ to even 1000$ then we will have a good sum accumulated in Bitcoins. I don't necessarily think that $1,400 would be a goal that we are able to go to this week. We have seen steady increases over the past week, up around $100+ dollars so far. But bitcoin going another $200+ this week? Not very likely. Although I am a strong bitcoin believer I don't believe that having short term boosts that are so dramatic in bitcoin price is necessarily a good thing. I would rather just have stability, for bitcoin to become a hedge against fiat inflation, much like gold. |
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Bitcoin's anonymity is really a great characteristic. It enables users to use BTC in any transactions with nearly no traces. But is this really a good thing? Let us consider utilizing bitcoin in a negative way. Since bitcoin is considered currency, there is no doubt that a person that needs money will not reject bitcoin even if it involves unethical or illegal act.
Due to the anonymity of bitcoin, some uses bitcoin in a negative way [citation needed]. They can easily use bitcoin in paying others to commit crimes. They can even use bitcoin in bribery and/or money laundering. This characteristic of bitcoin are abused [citation needed] and it will never end well.
For the case of terrorism, terrorist can easily purchase weaponry from other country. With the use of transaction using bitcoin, authorities will have a hard time tracing that transaction thus, will give advantage to the side of terrorists.
This is not an impossible scenario. People can now use bitcoin in any way they want to. It's inevitable.
It is the sad truth. As long as bitcoin exists, there will always be people using it for illegal purposes. Much like as long as cash exists, people will probably be using it the wrong way as well. Google started out great because people would be able to search for pornographic videos and photos on the internet which was basically all there is on the internet at that stage easier. Then it developed into something way more than that, an advertising platform complete with a cloud drive, customised results for each user based on their profile, etc. So I would personally expect bitcoin to be something similar to how google started out - used for questionable purposes, sure. But in the end the good will outweigh the bad pretty dramatically. |
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Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?
Nope. Even if bitcoin is at $0 per coin it is technically still alive, because if anyone uses it it is alive. Just look at some inactive altcoins, you see ones that gets revived every day on this forum from the same project because the admin abondened the original project or something similar happened. Same applies to bitcoin, as long as there is someone using it, it should be alive. And if nobody uses it, the code can still be used in the future to revive it. |
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Hi,
Today I was preparing something for my bitcoin workshop when I came to the following observation.
If we are in a free market society with the principals of capitalism how can it be that the money we use (fiat) isn't part of that same system. And isn't it so that to have a truly free market system that money also have to be denationalized and uses the same principals like the free market itself ?
Can there be a free market with fiat currency ?
And if so isn't bitcoin and it's competition not the ultimate form of payment in this free market.
I'm no expert in economics, I read al little bit of Hayek's works this afternoon, but it would be great of anyone can help me with this question.
Thx
Technically, no. A perfect free market should be a market where the prices of goods are not intervened by anyone. The government is indirectly and directly manipulating the price of goods and services, by putting on regulations on certain industries as well as rigging the fiat currencies of their country. Basically if you look at China, they devalue their currency so that they can export more goods. When they devalue they stay competitive in a world where the biggest countries have the cheapest labour costs. So a free market technically can only be achieved by a decentralised currency, such as bitcoin. |
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This discussion was created to compile the general consensus on which crypto are the most undervalued (Have massive potential to grow).
Please list your coin(s) below and why do you think so?
In my opinion is it Monero right now. Remember when Monero was the talk on everyone's mouth on the forum for a while in 2016? Well it isn't anymore for some reason now after the hype has died off and DASH and Ethereum has basically taken over. I would not be at all surprised if Monero was to have an excellent month sometime this year. After all, it is the best altcoin, even according to theymos. |
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Recently, I've been trading bitcoins on btc-e, earning only a little, yes, very little, except the fees that btc-e takes.
Besides trading, are there any good method to earn bitcoins? Thanks.
There is definitely a ton of ways to earn bitcoins. Just to list a few: - Applying for a signature campaign on bitcointalk - Offer your services in the services section of the forum - Sell your unwanted goods or digital goods in the corresponding sections of this forum. - Get a job in real life and set up a direct debit to buy bitcoins every month with your wages. These are only a few. You will find more worthwhile things to do to earn bitcoin like trading gift cards on paxful and localbitcoins when you get more experienced and develop your own strategy. |
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“But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin...Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.” You can see the video from a couple of days ago here : https://www.youtube.com/watch?v=Zh_mQl2B6es&feature=youtu.be (0:00 to 2:00 should be enough but you could continue) But the problem is that his logic is flawed, didn't you notice?  If everyone had one bitcoin... Oh wait we only have 21 million bitcoins. But sure, I think it is a great idea to start holding a bunch of bitcoins right now. It is a great hedge against fiat currencies just like gold and silver is. But it is easier to transfer across the globe so I think bitcoin is going to be more successful than something like precious metals(gold, silver, platinum, palladium). If just 100,000 bought 1 bitcoin right now, that would drive up the price like crazy. |
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In 2017, we might see major elevations in the bitcoin price. The analysts are already predicting a staggering rise of more than 165% in the bitcoin price which means it might go beyond the $2000 mark in the near future. The impending “Spending Binge” might prove to be a major catalyst in appreciating the price of bitcoin in coming months. In addition to that, the augmenting value of dollar against yuan might be yet another factor to drive the BTC price to unimaginable heights. During the last 3-4 months, the value of dollar has risen by 4% against Yuan and during the exact same period, there was a 21% incline in the BTC price. Seeing these trends, it seems quite obvious that the two might have a close relation with one another and if the dollar tends to rise against Yuan, then the bitcoin price as well, is likely to rise further. After years of volatility, the Bitcoin price forecast is finally on an upward trek through 2017 and beyond. In just five years, the Bitcoin price (BTC price) rose from a few cents to over $1,000, which should give you some sense as to how much money early investors made. But don?t worry, our Bitcoin price prediction 2017 shows that there is still more room to the upside. I think that $2,000 is definitely a fairly good estimate for the end of the year. First, we have seen that at the end of one year, around Christmas time each year and the new year every year there is generally been a price increase. Right now the price sits at around $1,200, I would'nt be surprised at all if the price was to go up by $50 a month till the end of the year steadily and then have it jump a few hundred dollars in a week or something like that. But then it'll depend on whether the fork is successful or even if there is going to be a fork this year. |
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I feel sorry for the guys who sold their bitcoins at 800$ .they sold because they did not have faith in bitcoins that it would rise up again or they did not have so much patience for the price to again grow up .
Just because they may have sold a bit early doesn't really mean that they don't have any faith in bitcoin. They may have needed urgent emergency cash for surgery for all we can know, or maybe they just thought that there was a much better opportunity to invest in than to keep theri coins stagnant in their wallet. I don't think that it is fair to judge them on that basis. But yes, the price has went painfully up over the past few days. Went from like $1050 from the very start of this trend, to $1200+ now. I have held bitcoin all along the way, i really don't mind this price hike right now at all. I'm enjoying the bitcoin life |
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Not really surprising at all. Bitcoin core will remain as "BTC" as most exchanges are saying right now, and in my opinion rightfully so because it is developed by the core team. And Bitcoin Unlimited will be traded as an altcoin. I think this will be great news for traders and speculators. You can already buy BTU and BCC tokens on Bitfinex, on margin as well I believe. So for those who want to take a gamble and missed out on the ETF decision, here's the chance to do it again  |
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Btctalk Name : magneto
Rank : Full Member
Current post count : 216
BTC Address : 1DU7UJJRodp7zCVfe4WFt2ZQAuBHAySBx8
Wear appropriate sig: Yep
Thank you yahoo!
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The only way you gonna win with martingale is if you had infinite bankroll. Which unfortunately isn't going to happen for anyone.
How martingale works is that on every loss you take your bet and double it with the same settings, and on wins you return to your base bet.
EVen if you bet with 20 BTC with a 1 satoshi base bet, you can still lose in the long run because eventually you will hit a shitty streak that will kill all your bankroll, even though it might seem unlikely to you. Also doing 1 satoshi martingale is a waste of time(and electricity for running your laptop).
If you're just gambling for fun, then i suggest that you just manual bet. It's more fun and entertaining, as you have control over everything instead of just watching the results as your bot does the work for you.
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Don't pick a single site to invest in. Spread out your bankroll, so if a huge win happens at either site, you would be still pretty safe. I would recommended Moneypot.com (my favorite), BitDice.me, Just-Dice (will need to buy some CLAMS), Crypto-games.net and Betking.io. Maybe try Safedice.com. If you were to pick one, I would say either moneypot or betking.io. Both are pretty trusted here, and have a good presence on the forums.
Moneypot doesn't have the best results in the past... And the volume they generate currently is basically nothing compared to BitDice, or other dice sites like Betking.io(before it got suspended but now it's back up) and cryptogames. I wouldn't personally bother with CLAMS because of the volatile clam prices and there aren't really that many players on that site after it switched to clams. But yes, diversification is the way to go. |
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built on a ponzi/HYIP script
I didn't get the concept:can you start without investing anything?
why is it a gambling site?looks like a plain HYIP or investment site to me
let me register and try it out,will post my opinion later,but the forecast doesn't look good
Selling drugs is just cover. Real story behind this is to donate 0.1 BTC and get daily 0.9%. Someone will cry again. Precisely. I wouldn't be surprised if this turned out to be a Ponzi scheme or an outright scam. There isn't any element of provably fair gambling that has been integrated into this game. All there is is a 'guaranteed' return daily that is too good to be true, especially when they don't even tell you what they are doing with your coins to earn that sort of crazy interest! I bet the admin of this site is looking for some coins so he can buy some extra weed for himself... lol |
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