It's a decent first step towards making Bitcoin easily accessible for the everage joes. I quite like the fact that if you as average joe think that it's a good moment to enter the market, you just walk to your local ATM, inputs the amount you want to purchase Bitcoin with, and you get your 'paper wallet' containing your coins. If a bank in my country would do the same, it's even something I would advice people around me to make use of if they aren't willing to go through the hassle of signing up at an exchange and verify themselves which can take days, and in some cases even weeks. Initially such a service will cost you a higher than average fee, but that's all worth it considering the fact that you can obtain Bitcoin basically at any moment of the day if you so wish.
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The premiums are pretty normal if you take the situation there into consideration, and the fact that there is an extreme shortage of coins there. If you wait a few months, this market will more and more develop itself, and eventually the premium will definitely remain, but not in this severity. I wish more people stood up for themselves and prove that they can have the freedom they are looking for by jumping into Bitcoin. I am quite sure that if enough people are willing to do so, the government there will poop its pants. I can't understand why people keep letting themselves operate within a system that has no intention of being helpful or contributing. Bitcoin is a big F. you in the face of the government and any other central authority.
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IMO people should think twice until doing business with this kind of service providers.
CEX.IO isn't what it used to be anymore, and if I see an exchange experience less usage over time, that for me is a major first sign that I should start looking for an alternative service. To be honest, it's not that this service has started to slow down just recently, it has been going on for quite a while now. If they were a growing business due to the recent crypto craze, where they were experiencing heavy traffic, far more usage, etc, then you could at least understand the delays to a certain extent. But this is just ridiculous, they are 'playing' with people here. If there is one thing that people hate, then the number one thing will be them waiting for their money to arrive, especially if it's a larg sum.
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People should realize that we cannot have adoption without legalization or control - either crypto will forever remain in grey area or will reach mainstream only with quite a concession on our part.
Correct. Proper regulations are a necessity, and at the same time needed in order to keep track of this market. It's impossible for this market to keep in its 2012/2014 state where you could basically do anything you want - this market has evolved, everything has become a whole lot serious now. I remember how this market went nuts at the time China was planning to put certain regulation in place for the first time - the market tanked big time while it wasn't bad news at all. We just have to admit that crypto in general can be easily abused by the individual, and for that reason we should expect even more regulations in the coming years, this is just the beginning.
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I am waiting for the day that we can finally welcome a truly decentralized exchange that allows fiat trading in whatever way. I know Bitsquare and other exchanges are looking to fill this gap, but the only thing they didn't manage to do, is incorporate fiat in a truly decentralized manner. None of them has managed to do this, which might be coming from the fact that there may not even be such possibilities yet. I have seen certain people point out Tether, but this is a heavily centralized token due to their fiat reserve system, where it also didn't manage to maintain a value of exactly $1 at all times. That's basically the only thing I am looking forward to, and know of that this is what a lot people are waiting for as well.
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Undoubtedly that even bitcoins are going to dump though they are continuously pumping at present, they are never ever going to reach the 3k dollars at any cost. Bitcoins are going to increase further in the coming years. They are highly expected to reach the 5k dollars soon and I believe no country is going to affect bitcoins too much.
Not sure where you have been, but earlier this month the market tanked below the $3000 level very briefly. This market has taught us that one should never ever discard whatever lower level from being reached again. It might very well be that we before November will dip below the $3000 level again due to the uncertainties around the hard fork. Other than that, I would wish that fud coming from whatever country in the world wouldn't be able to affect this market, but that's not the case unfortunately. China for years has been a very sensitive spot which has been successfully abused by the people behind this fud multiple times now - it always works, so they there is no reason for them to stop. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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No it's a fake news going back down 4k and it's increase day by day and reach around for the best price near $4000 and it's not definitely decreased ,it wil increase only ..
Long term wise it will definitely keep going up, but that's not really what the short term gamblers here are looking for - they want to see this market shoot up to $5000 next week so they can sell for a quick profit. I don't understand why people wake up just because the price has gone up with more than $100 today. We've seen the price tank with a proper 20% in a single day, not that long ago, but yet this tiny +$100 increase grabs their attention. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Volumes are thin, orderbooks are thin, buy support is not going to support anything over $4000 for long - in other words, nothing has changed. And realistically, there is not much that we can expect from the market with a potential chain split looming due to the hard fork.
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Power hungry authoritarians hate freedom.
But yet people don't take any actions to make an end to this. People for once should learn to stand up for themselves, and see that the government with their slavery system isn't bringing them anything at all. It's a mentality problem that the average joes are suffering from, and if this doesn't change, and I don't have any hopes for it to change, then they will remain stuck in this debt/slavery based system for plenty of more decades. As we speak, I have over 60% of my wealth sitting in Bitcoin, and if the price keeps going up in the forthcoming years, and that's definitely going to happen, this will likely push it to a ratio of 90% Bitcoin, and 10% fiat. It feels great knowing that no other entity than myself has access to these funds. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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The news that Amazon will start to use bitcoin as a mode of payment before the end of this year will definitely going to pump the price.
This isn't 2013/2014 anymore. I don't see any reason why the market would shoot up just because a merchant (regardless of its size) accepts Bitcoin. On top of that, there hasn't been any actual confirmation from Amazon itself that it will start accepting Bitcoin by whatever period of time, and as long as that isn't happening, it's pointless to start cheering already. I see bitcoin at $10000 before end of this year, what is your thoughts.
I don't see any reason for the market to increase this much in just one year. We've been through an extremely bullish period already, and it's safe to say that with the 2MB hard fork coming closer, the market will likely move towards the South rather than North in the runup to this event. Whatever happens after that will be something we'll be dealing with at that time, but right now it's better to remain conservative. It's pointless to expect too much from the market with very important things going on that might heavily influence the market in a negative manner.
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Definitely a click-bait title. I don't see any reason to celebrate anything till it's actually approved, and if we look at how the previous ETF's were rejected, I don't have any sort of hope for this one to make it through. I think if we want to massively increase the chances of having at least one Bitcoin ETF approved, we should see more regulations kick in, because at the end of the day, Bitcoin's unregulated nature was the main reason the previous ETF's were rejected. If this market opens up for institutions to start opening up positions, we'll be shooting through record high after record high in a very quick fashion. Institutional capital moves mountains, and that's the moment people here will regret not having kept their coins longer, or bought more at current levels.
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P.S why would a "clean" person use a such exchanger? ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) there is not a logical reason. From the moment they went down, there is indeed no logic for anyone to keep using that exchange. In the same way, people shouldn't make use of Bitfinex either. Despite everything that happened, people will still make use of WEX, where we also shouldn't discard the Russian community that is somewhat tied to them. I am quite sure that if WEX manages to remain online in the coming months without being shut down by the authorities, people will slowly gain back their confidence in that exchange, especially if they end up paying people back sooner than expected.
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I improve my skill and strategy by reading many post and article in this forum.
Lol, this forum is full of blind chickens repeating gibberish from others without understanding their meaning - this is definitely not the way to boost up your skills. In all the years that I have been participating in this forum, there have been just a few people actually saying things that make sense when it comes to trading and this market in general. If you filter these few people out, you'll be left here with 99% of jokers, trolls, blind chickens, hype riders, gamblers, etc. If this forum is your source for trading knowledge, you'll be better off just quitting entirely.
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Can we expect another close down by another country?
Who says that China is closing down its exchanges permanently? It may very well turn out to be a temporary stop till the exchanges there are granted a special license that allows them to keep operating as they normally would, but then with a few extra rules they are subject to. I strongly believe that this may end up becoming reality. If China really wanted to implement regulations that would prevent exchanges from allowing CNY trades to happen, they would have done so years ago already. These special licenses were likely already on the government's to-do list, but it's the recent growth the crypto market has gone through that made them to do this, until they find out how it is the best for them to at least control the situation to a certain extent.
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That's assuming people who managed to buy Bitcoin, or obtain it through minting, have kept their coins all the way till now. Some times you see articles pop up from people suddenly claiming to be a millionaire because they bought a certain amount of coins in 2010/2011, but there is no actual proof that it is in fact like that. Other than that, it's pointless to compare current levels with how things were in 2010, because only a very few people had the opportunity to enter the Bitcoin world at that period of time. On top of that, if you bought a huge load of coins for a few cents a piece, you would likely have sold them at $1 a piece, or $5 a piece, or $10 a piece, etc. Focus on what you can do now and keep holding and keep accumulating.
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The national crypto-currency should to cost the same as national fiat on the worlds market, so what is going to be the point of it? Online banking and payment already exist, so, by my opinion there is no need for creating of national crypto-currency, it's just not going to be popular.
Transacting through the blockchain offers far more advantages over the traditional way, and that not only for the people themselves, but also for banks and such. Currently, the banking system has basically reached its limit, from which it can't really grow much further - implementing their own version of Bitcoin would allow them to keep growing, but then in a far more cost efficient way. It's not for nothing that governments and financial institutions are pumping plenty of millions into research and development of their own ultimate blockchain. I am fairly sure that it is just a matter of time (perhaps 5 years at most) before we see an actual government issued crypto currency that is meant to stimulate mass adoption.
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It's a great bit of news if true, but as long as there isn't a trustworthy source confirming this, I don't add any value to this. Nowadays there is a huge influx of articles pretending something that they can't back up with facts, and this article may definitely be one of them. I remember back in the days how people were dreaming about Amazon to accept Bitcoin, because if that would happen, this market would literally explode in value. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I will only believe this if Amazon confirms it and ends up implementing Bitcoin as payment option - words hold zero value, actions do.
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Maybe you are right with your thoughts, but it is true that we are in a giant bubble, but nobody knows when will it explode, or if bitcoin will just continue rising to an uncertainly price.
Giant bubble? If we had to believe a lot of the doom thinkers here, and the self claimed experts, the market was growing into a massive bubble before we even managed to hit the $1000 level again at the beginning of this year. Bitcoin is a tiny dot in the financial world, and it has proven that a relatively small surge in the adoption can get the price to go up significantly. If you think this is a giant bubble, wait for the day that institutions are going to use Bitcoin as their 'toy' - you'll see the largest ever bubble, which from that point will continue to swell. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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I agree that soon the whole world will pass into the crypto currency. But I do not think it will be bitcoin. It seems to me that each country will issue its own national crypto currency
Indeed. Governments have zero interest in adopting one of the already existing crypto currencies if they easily can get their own centralized version developed, and tie to their local fiat currency. It more than ever puts the control in the hands of the governments. Think about them being able to freeze any balance with just a few mouse clicks, that they can give anyone an instant haircut if they think it's necessary, they can follow every step you set wherever you conduct payments, etc. As a person caring about financial freedom and decentralization, this is obviously not going to be much of a help to me. One of the main reasons I use Bitcoin for is that it allows me to avoid dealing with any banking or governmental related entity.
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It's quite an unexpected development, at least for me, but I am quite happy with the fact that I am storing the far majority of my coins offline. The only moments where a certain part of my coins aren't stored offline, is when I have them on-exchange for trading purposes. But in this case my account is properly secured with 2FA through Google authenticator. It's quite shocking that till this day, there are still a whole lot of people not having that feature enabled - it's basically playing Russian roulette with your precious coins. Exchanges should force their traders to activate that feature by default, period. We're living in a time period where more than ever, people's personal information is at risk, and directly also our crypto assets. It only makes sense to max out your account security.
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t seems to me early to invest, falls are still possible. I'll think about buying when fixed under 4000.
The market calmed down after the Chinese regulations, but that doesn't mean we should expect the market to climb back up all the way to near $5000 levels. Don't forget that as long as we have the hard fork event upcoming in November, there won't be much incentive for another rush to get initiated. I don't see much reason for the market to do anything other than bouncing up and down like we've been experiencing in the last days. I am still not putting aside what Goldman Sach has said; Jafari predicted, the price could climb to as much as $4,827. But she went on to caution that the market could correct, sending the price tumbling below $3,000.
Peak early this month $4979.9, and bottom nearly one week ago $2972. How shockingly accurate is this prediction!? The point I am mainly focusing on is that after that it was said that the price could fall down all the way to $2200'ish levels - that remains to be seen.
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