3.5 BTC is a lot for a game but this was created several years ago. Now, 1 BTC is the prize for major puzzle games but i'm sure in a few years even that will be too much. We'll be looking at winning just a few satoshi's in future
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They should copy their neighbour the Philippines who are legalising bitcoin and other crypto currencies. If Indonesia will not permit it, then fintech companies will simply move across the border to set up shop. It is not against Islamic principles so no reason not to encourage bitcoin development
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It is good news for the technology itself, it seems bahrain is so rich they won't even bother to make a token to sell for this project. As bitcoin has been permitted by sharia law then the whole region should see an increase in bitcoin trading
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It has already been reported in various articles that futures has destroyed bitcoin prices. This is one of the things that needs to be improved before mainstream adoption i.e. the volatility so we don't have those major swings any more.
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You're missing the other comparison which is a standard cash/credit card purchase! These are the quickest and easiest so we need bitcoin to be equally fast and efficient. Let's see if the lightning network can improve on those figures to get bitcoin purchases into coffee shops.
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Limited supply will always ensure that the value remains high, this is why many coins doing an ICO will burn any unsold tokens. Bitcoin already has a fixed limit so it will always rise in value (long term). Ripple has an unlimited supply so not a good long term investment.
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The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.
Disclaimer: I'm not a US citizen, and I've not read that law
I think you must have misread the ICO rules. The usually do a pre-sale for large investments offering a good discount in the process. A presale investment will attract public investors as the project is more likely too succeed if they have a minimum amount already. Also it gives an increased element of trust
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It is not just for the protection of altcoin prices, but also to encourage mass adoption. Shops are not likely to want a currency that is continuously swinging in value. They need a stable currency otherwise someone could pay $100 in BTC and next week it is only worth $10. A big loss for many shop owners
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It was good news but all the fud from the south korean exchange has caused the market to panic sell. Hopefully it will be resolved soon and the south koreans will be back to fill up the crypo market again.
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I guess it also depends on the value of bitcoin while travelling. A pumped market will send you a longer way than regular bitcoin days ever could. Good to see that the infrastructure is there to support travellers though. BTC ATMs are going to be very convenient in future
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If the you think it is worth celebrating, imagine how this poor guy must feel who gave up 10,000 bitcoins! He will remember it every day for the rest of this life, and on this particular day he will be reminded of it even more
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This is just whale manipulation, dropping the price due to a small amount of negative news expecting others to do the same. When they realise that mt gox will trade otc the market will pump back up again. Some easy gains for the market manipulators
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Perhaps they are planning to copy their neighbour and create a state backed crypto currency. Venezuela has oil so they have a good marketing angle to encourage investors. However bolivia doesn't have such a major resource to sell so perhaps they're just worried that their own currency will be abandoned.
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They are negative because they don't understand how it works and that is one of the reasons why bitcoin is not being adopted by the masses. The media doesn't promote a good image with all these criminals cashing in, but when the next generation get jobs and spare income, they will look for investment opportunities and i'm betting that they will choose bitcoin
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Sorry if this sound stupid. I dont get it. How come the OP was hacked by just importing his BTC private keys in Electrum? Meaning Electrum wallet is not safe to use? Who stole his 13BTC by the way?
it was not Electrum wallet. It was a copy-paste clone of Electrum or whatever other legitimate wallet created to claim the forked Bitcoin Diamond and Bitcoin Private. Electrum wouldn't allow that, as Electrum works for real Bitcoin (BTC) only. So he pasted his private key into this clone and the clone developer(s) sweeped his BTC wallet. That is a very sophisticated scam, feel bad for the OP who lost 13 BTCs. The problem is that the feeling will simply get worse when bitcoin rises, it will be regret and annoyance. Not sure if there is any advice that can make you feel better other than to go to the police and see if they can do anything.
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It depends on how much time you have to dedicate on earnings via crypto. Airdrops can be profitable if you select the right project, most are scammy pump and dumps but there are a few good ones where you just need to complete a few tasks and you can receive some free coins
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If i could spend more time watching the numbers so i could buy low and sell high then i would. However, for those of us who have to go to work, we are simply hodlers who have to pick coins and tokens that offer a good long term investment. LISK is one such example
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A great way to get some additional interest in this project is to do an interview on youtube. Here is a link where many ICOs are joining the project. Hopefully someone in the soycoin team will do a youtube interview and attract lots of well deserved attention: https://bitcointalk.org/index.php?topic=2900656.0
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When working full time it is the only way to trade, unless you use a mobile phone secretly at your desk but someone will eventually see and your job will be at risk. Need to pick the right investments when doing long term trading e.g. NEO, LISK, and low cap privacy coins
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It was a mistake for China to ban trading as they missing out on huge tax revenues. Local traders will simply use VPNs and trade with offshore exchanges. Chinese exchanges will simply move their office and operation to another country. Even if the news is true, the people will still find a way to trade
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