Hey everyone... I just want to start a debate about your real opinion, feelings, toughts etc about the recent events going on with china rumors on banning exchanges and regulating ICO etc. lots of news here and there .. but I would like to know what you guys really thinking ?? Real ?? Conspiracy ?? Fake ?? Misunderstanding ?? Anything you people think  and also .. what do you think will be coming next  ?  DL ............... About a week ago Caixin reported that China is going to shut down all exchanges, BTCC and others exchanges announced that they haven't received any directives from Chinese regulators, yesterday BTCC announced that they would be stopping all trading by September 30. From rumors, FUD, to confirmation by BTCC. Still the PBoC/Chinese government hasn't made any official statement regarding this, but the market has already taken the hit, and it is highly likely that China is going to shut down all exchanges. Would it be a temporary shut down like what China did recently, pausing exchanges for four months? Would exchanges resume their services under new regulations? Would there be a government backed centralized exchange? We don't know, but sooner or later there would be an official announcement. China's OTC exchange Bitkan suspended its services, but still there are other OTC/decentralized exchanges like localbitcoins or Bitsquare. As other two big Chinese exchanges Huobi and OkChina confirms BTCC announcement, there would be further decrease in bitcoin price. And then it will eventually recover. |
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With all the negative news going around about bitcoin coursing a lot of panic and anxiety....do you this its time to look else where for a guarantee investment?
i mean may be eth doge etc....
Lol, as far as there is an upward trend, bitcoin is a risk-free guaranteed investment, as soon as there is a substantial decline, should I look for guaranteed altcoin investments. Look at the altcoin market, there is nothing called guaranteed investment in cryptosphere. You understand the risks, invest, or you stay away wondering whether you should have invested? Don't just invest in bitcoin for the sake of hype, there's more to bitcoin than the price. |
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Corrections are fairly common in the Bitcoin market and it is healthy. Is Bitcoin overvalued or undervalued is what market decides and random periods of short-term corrections is a necessity for long-term stability. What we are going through now is another correction, a decline of around 25%. Historically, Bitcoin has gone through a decline of 94%, 85%, 76%, 72%, 49%, and recently 39%. Bitcoin is a long-term investment. Short-term gains, a decline in price, getting panicky, selling, then Bitcoin really isn't for you. Corrections are a good time to buy some cheap bitcoins.   |
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Thanks Danny
So does that allow a "Trader" to sell their bitcoins on one exhange and buy bitcoins at a lower price on another exchange? Just trying to understand the buy / sell basis. D
>They are all accurate.
>Each site has a different price, and they accurately report their price.
That is Bitcoin arbitrage, a trading strategy, buying bitcoins from an exchange where the price is low and selling it at an exchange where the price is high. It's a good strategy to make some quick bucks, but you need to have both bitcoin and cash on the right exchanges at the right time. Difference in price, verifications, cash deposit, transaction confirmation time, difference in fees, a slight delay is enough to lose the arbitrage opportunity. |
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I need some help here
What do you think about myceliun wallet?
Is this wallet are safe to use?
Mycelium is a good wallet with strong security features. Yeah, like gentlemand mentioned the fees was an issue, even now you can't set a custom fee, but they readjusted their fees structure, low-priority fee is only 4 Sat/byte. Other advantages, you can buy or sell bitcoins locally through Mycelium marketplace and the wallet can easily be synced with hardware wallets like Trezor or Ledger. |
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Jamie Dimon statements against bitcoin. 2014: It's a terrible store of value. It could be replicated over and over. They will eventually be made as a payment system to follow the same standards as the other payment systems and that will be probably be the end of them. 2015 : You're wasting your time with bitcoin. No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen. The technology will be used, and it could be used to transport currency, but it will be dollars, not bitcoins. 2016: Bitcoin the currency is going nowhere. There is nothing behind it, and if it was big the governments would stop it. 2017: Fraud, tulip mania, blow up, won't end well. Dimon has been criticizing Bitcoin for quite some time now, did it stop Bitcoin? No. It is growing. Parroting the unified media statement of the banks only points the finger back to themselves and uncovers how scared to death they are vis-a-vis bitcoin. Their actual goals are to make savings, present some "innovations to their investors", and to preserve the financial status quo, not to enhance it, not to repair what is wrong, no!
That's why I strongly believe in Bitcoin, there is a vision for an independent private ownership, for a free and voluntary exchange. Bitcoin may not have the budgets and the PR crew, it may have technical difficulties to overcome, but it has a clear reason for existence.
Banks and the state, both gemini have been petrifying for too long, patching the cracks by bailouts, by establishing heavier systems of control, by printing money, by growing bigger and bigger. Bitcoin is the diet for current overweight banking system. They have no chance to be as agile as new fintech startups and technically they can't stop Bitcoin. Of course they will try to discredit it and whether they succeed also depends on how much attention we give to them. - Alena Vranova, SatoshiLabs Just ignore the FUD. https://cointelegraph.com/news/bitcoin-experts-jp-morgan-speech |
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About the CEO, he does not see yet the importance of bitcoin and how it can be the future technology but maybe he is just afraid of what will happen to his business once the new technology takes over. He should just do something to innovate and not being the one who will contradict the technology because maybe later on, he will just regret it.
He understands the importance of crypto-currency. But he is not that stupid to support it. He is fully aware that Bitcoin can emerge as a competitor for the big bankers. So he is engaging in negative propaganda campaigns, in order to scare normal people away from Bitcoin. These bankers want to take your money and make the investment on your behalf (but they will chose which asset to invest). In 2014, Jamie Dimon had said that "Bitcoin will try to eat our lunch." And now the recent statement proves that banksters really do fear bitcoin as they do know that it has the potential to disrupt banking sector's status quo. Bitcoin is still in its early stage so people like him would be spreading FUD, feed the media and create uncertainty. |
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Recently I read an article on Cointelegraph with the exact same points  There has been a recent spike in articles and threads on this forum related to bitcoin ban, thanks to all the FUD. The last time a country banned bitcoin was in September 2014, nothing after that. At a time when a few countries have already legalized bitcoin and a few other are working on the legal framework to regulate bitcoin, I don't know why a rumor that the Chinese government banning bitcoin is being compared to all the governments banning bitcoin? Nothing is stopping governments from banning bitcoin, but if a decentralized currency can be indirectly regulated then that is the better option than banning it and that's what some countries did and are planning to do. |
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Forbes - Russia Faces Internal Battle Over BitcoinA lot can happen in month. Russian institutions went from preparing the Moscow Stock Exchange for the legal trading in crypto-currencies like bitcoin and ether, the two most popular ones used in Russia, to coming a hair away from following in China's footsteps and banning initial coin offerings (ICO), a crypto-currency funding mechanisms for new tech companies. Full story: https://www.forbes.com/sites/kenrapoza/2017/09/08/russia-faces-internal-battle-over-bitcoin/#4066dc57207e It was the Russian Central Bank was against cryptocurrencies, but now it looks like Russia is working on a legal framework to legalize bitcoin and other cryptocurrencies by the end of this year. Russia is in the midst of legitimizing cryptocurrencies. Russian Finance Minister Anton Siluanov conveyed this at a recent financial forum in Moscow. He assured Russian users of Bitcoin and other cryptocurrencies that the government will not outlaw nor penalize people who use cryptocurrencies.
“The state understands indeed that crypto-currencies are real. There is no sense in banning them, there is a need to regulate them,” the minister said.
The Russian Finance Ministry had previously balked on and considered prohibition of the use of cryptocurrencies in apartments which it deemed unsafe. Now that it has gotten backing from Putin, and the state has realized that digital currencies are part of the new economic realities, Siluanov said there is no point in outlawing them. He said the next move is to draw up a bill before year end to regulate cryptocurrencies. https://cointelegraph.com/news/russia-is-working-on-legalizing-status-of-bitcoin-other-cryptocurrencies-rthttps://www.rt.com/business/402594-cryptocurrency-russia-regulation-law/?utm_source=rss-utm_medium%3Drss-utm_campaign%3DRSS#.WbPe-Xqhu8E.twitter |
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We haven't seen something like bitcoin before, permissionless censorship-resistant decentralized financial system, no predecessors, so we can't predict or know how it will evolve. People do make bitcoin predictions for the next 5, 10, 20 years, assumptions/speculations, but still no one knows what exactly would happen to bitcoin in the near future, 100 years is a very long period.
Bitcoin has been designed with a very long-term view and it is gradually being adopted worldwide, unless it collapses on its own, I don't see why it shouldn't survive after 100 years.
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Shortly after Japan's Internet giant, GMO Internet announced their bitcoin mining plan, Japanese entertainment giant DMM Group, the operator of e-commerce site DMM.com with 27 million members, has announced that it will operate a large-scale cryptocurrency mining farm. The company plans to become one of the top three mining farm companies in the world. DMM Group announced on Friday that it has established a Virtual Currency Division which will operate a mining business beginning in October.
“After completion of successful trials in October 2017, ‘DMM Pool’ will be released for world-wide use within the year 2017,” the company declared. “During the year 2018, DMM will be one of the 10 largest mining farms in the world.”
In March 2016, the e-commerce giant started accepting bitcoin payments through Coincheck, a leading Japanese bitcoin exchange and merchant service provider.
https://news.bitcoin.com/japans-entertainment-giant-dmm-launching-bitcoin-mining-farm-and-pool/ |
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Bitcoin was sailing along nicely yesterday and apart from the usual technical issues that accompany Bitcoin and other alts there was generally a positive outlook for Bitcoin. Suddenly the markets went crazy when the rumors came out that China would ban Exchanges from trading in Bitcoin. Personally I am getting fed up with China news having such a big influence on Bitcoin. Nobody knows now for the next few days now what is likely to happen and whether Bitcoin will fall hard should this rumor turn out to be true. What will be the result? - a significant fall followed by longer term stability perhaps. Either way we can't keep having this uncertainty if Bitcoin is going to get acceptance in the general community.
It is not the first time the Chinese government/media is creating uncertainty, 2013, 2014, temporarily pausing major bitcoin exchanges in 2017, ICO ban, and now this rumor about shutting down exchanges (No official announcement) China is a big player when bitcoin is concerned, be it in trading volume, miner dominance/mining equipment manufacturing. I really don't think they would ban bitcoin and let their dominance slip away. If they do then the impact would be short-lived, the market would eventually recover. Bitcoin is legalized in Japan, one of the top three countries in terms of trading volume, and the recent announcement by GMO about investing in bitcoin mining. In case China bans bitcoin, some bitcoin friendly countries like Japan would become the next big player and a bitcoin friendly country dominating the bitcoin ecosystem is always far better than a country fooling around with bitcoin for the sake of creating uncertainty. |
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I am presenting a speculative idea and a conspiracy theory and here it is: China is planning to kill the whole of the cryptocurrency market starting with the biggest of them all Bitcoin and all the rest will follow. In fact, there is a detailed plan being worked out on here and it started with the banning of all ICO projects...next is the ban of all Bitcoin exchanges and soon all citizens of China having Bitcoin will be imprisoned for 20 years (only 5 years if the person will surrender his Bitcoin to the government for possible burning).
Do you think am I hallucinating due to the "shabu I bought coming from China? Or am I only making some predictions that has more chance to come true than playing in lottery?
Please tell me what you think...and let's have some fun!
Not a conspiracy theory, it is quite evident from all the contradictory statements PBOC had made regarding bitcoin since 2013 that they are trying to manipulate bitcoins price. They know they have a global advantage when bitcoin is concerned and they are exploiting/manipulating it. BTC/CNY, Yuan still stays in China, good for the government, miner dominance, good for the government. I don't think the Chinese government would benefit in anyway by altogether banning bitcoin. They would just end up losing their global advantage. China ban on bitcoin would have a short-term effect on bitcoin, but it would recover as always. There is Japan, South Korea, US, Australia, Russia, India. Even Russia and Japan are planning to launch their own mining operations by next year. Banning ICOs is entirely different from banning bitcoin so I really don't think the Chinese government would take such a drastic step. |
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Topics: Socialized cost of hard forks (Free money wasn't free) Socialized attacks on decentralization. Pushing fake news, creating a high notice to signal ratio. Impossible to evaluate every piece of knowledge, argument, or data for veracity. Many community members especially new members or non-technical members are unable to dissect fact from propaganda. Assumptions of authority. Live streaming: https://youtu.be/eCE2OzKIab8 |
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This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
Yeah, it is quite possible. Governments can ban bitcoin and pass laws to make bitcoin usage a punishable offense, and something like this would stop bitcoin adoption to an extent. But since the governments can't control it, a ban by major countries would have an equally opposite effect. More people would come to know about bitcoin, people who are fed up with the flawed monetary system might start taking an interest in bitcoin, more dark markets. At around 2013-14, it was more easy to ban bitcoin, but now a ban isn't impossible, but there would be more repercussions. Bitcoin Bytes Back - An article from 2013. In the end, bitcoin is a bet on the other side of The State’s coin; the free market side. It’s a bet that voluntary trade will, in the end, overcome neanderthalic force and coercion. It’s a wager that the conversation currently underway in the shadowy “black” market is far more intriguing, far more complex, far more nuanced and exceedingly more interesting than the yip-yapping that distracts the undead, mainstream TV-consumer for an hour or so around feeding time every evening.
If bitcoin goes to its grave tomorrow – and it may well do so – it will be in service of precisely the point free market enthusiasts have been advocating all along: That it is not for a committee to determine the price of a good (including money itself)…or for a state or a central agency or a law or an edict.
That is for the market to decide. Today, that market says a bitcoin is worth $19. Tomorrow, maybe 19 cents…or $19k. No one body knows…and that’s exactly the point. https://dailyreckoning.com/bitcoin-bytes-back/ |
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Your balance is not updating or you are waiting for withdrawal from them? Please specify it..
If your balance is not updating might be they have stopped supporting your faucet because of lots of other ads or improper ad placements. Check your ad codes and make sure it is correct.
Also please post your faucet URL...
They are not updating balance. Faucet link : takepure.info Please help me what can I do for proper ads placement. If the balance is not being updated, is the visits/impressions being updated? Also check reports. Possible causes, lack of ads or traffic. Since your balance was updated earlier, I don't think there is anything wrong with the codes or ad placement, you can put maximum 4 ads. But still generate a new code and use it and check. Another possible reason could be Coinmedia blocking your website because of fake/bot/artificial traffic. You are using adalso on your faucet, they don't pay. Here you can see my report. They pay for first day And up to now not paying  How can I solve this? I think your balance isn't getting updated because of low traffic. Coinmedia network ads are shown on your faucet, low number of network ads and low traffic, there wouldn't be any earnings. 25 satoshis every day and on top of that a pop-up, obviously low traffic. https://adbit.biz/websites/adspaces/CC471032B8?r=g7qtLxgmIJq5fXQx57DLmsFuVT8mNFhttps://a-ads.com/campaigns/new?selected_site_id=196680&selected_source_type=siteMaybe try increasing the rewards and see if your Coinmedia earnings is getting updated. |
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Cryptocurrency Tax Fairness Act of 2017 was iintroduced yesterday by Democratic Rep. Jared Polis and Republican Rep. David Schweikert. If this bill gets passed then it would create a tax exemption for cryptocurrency payments below $600 after December 31 of this year. It reduces the tax burden of small value transactions thus allowing consumers to indulge in small purchases without worrying about capital gains. Despite its sky-high value, there are many barriers to using Bitcoin for normal things like buying a coffee or groceries. Some of these obstacles are technical, and some social, but a big one has always been the question of taxes.
Right now, every single Bitcoin transaction in the US, no matter how small, must be recorded and later reported to the government in order to pay a capital gains tax.
The Cryptocurrency Tax Fairness Act of 2017, introduced Thursday by Democratic Rep. Jared Polis and Republican Rep. David Schweikert, would remove this requirement for any Bitcoin transaction under $600 USD. If passed, this law would mean that average folks can use Bitcoin to pay for most things without keeping track of every single purchase and later having to pay capital gains tax on their cryptocurrency. https://motherboard.vice.com/en_us/article/mbb8jv/lawmakers-introduce-bill-that-will-let-you-buy-coffee-with-bitcoin-without-paying-capital-gains-taxeshttps://polis.house.gov/news/documentsingle.aspx?DocumentID=398438 |
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Your balance is not updating or you are waiting for withdrawal from them? Please specify it..
If your balance is not updating might be they have stopped supporting your faucet because of lots of other ads or improper ad placements. Check your ad codes and make sure it is correct.
Also please post your faucet URL...
They are not updating balance. Faucet link : takepure.info Please help me what can I do for proper ads placement. If the balance is not being updated, is the visits/impressions being updated? Also check reports. Possible causes, lack of ads or traffic. Since your balance was updated earlier, I don't think there is anything wrong with the codes or ad placement, you can put maximum 4 ads. But still generate a new code and use it and check. Another possible reason could be Coinmedia blocking your website because of fake/bot/artificial traffic. You are using adalso on your faucet, they don't pay. |
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I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
A few countries did ban bitcoin because they felt a decentralized currency would be a threat to their centralized financial system, they felt bitcoin would be used for financial crimes, they felt bitcoin lacks consumer protection. There is nothing stopping countries from banning bitcoin, but since they can't control it, a ban wouldn't be much effective. It would only lead to an increase in dark markets. A couple of major countries have already realized the potential of bitcoin and it's technology and legalized it. Apart from a few countries that banned bitcoin around 2013-14, no other country has taken any drastic measures against bitcoin so far, trying to somewhat indirectly regulate it, not ban. |
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In a centralized economy, the monetary base is controlled and changed according to supply and demand, but bitcoin being decentralized, the monetary base isn't controlled by any central authority, limited supply, free market.
Being decentralized, limited supply, fluctuating demand would keep bitcoins volatile, but in the long-term it would become much more stable.
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