I was expecting a such move from Dubai , cause at the end UAE is still a middle east country where governments are always cautious
my cousin is living in Abu Dhabi , and he told me that porn websites and big gambling sites are blocked by the government
so do you think that a country that bans porn will allow people to use bitcoin without any troubles !!
That's true. Porn and gambling websites were completely blocked in Dubai as mentioned, but using VPN service every websites were accessible. Also bitcoin can also be used and earned from Dubai. Now the people who were aware of bitcoin is very low than other Asian countries. I'm sure of these information because I've been to Dubai few months back. |
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I don't think it has got daily limits. Can play on different gambling websites if some website had got limitations per day. In sports betting users can bet in different events at a same time unlike the betting value. Only thing need to be notable is the maximum stake which shouldn't be exceeded.
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The British government is making plans to have a British coin and Central banks all over the world are also showing interest in having their own coin.
Won't the masses dump bitcoins once these plans are implemented?
I don't see any reason for people using those coins made by their governments if they have nothing new in them, if they are under the control of government then using them would be same as using fiat, while if someone uses bitcoin it means they are not under control of any third party, and that is the reason why those coins wont be able to overtake bitcoin at first place. Agreed that if there is nothing new, just using the fiat in digital form doesn't get the attention of public. Another reason is that when government creates such coin, it will be accepted within the country and won't get accepted in countries where they use just fiat for all needs. Such coin generated from each countries won't affect the bitcoin adoption or the growth. |
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As the OP predicted the price had increased than the expected 728.68. Over the days we might cross $800. Already we have been close to $750 which none expected. As the price of bitcoin is unpredictable, the increase might or may not continue but close to the year end can expect an additional pumping in price.
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Most users and traders on panic try to make the best profit in the price increase. By January once again the price fluctuation occurs with steep decrease. This is expected because officially Trump's rule starts in US, now everyone believe that his government supports bitcoin, if something goes opposite to it. Everything gets collapsed at least for a short.
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The ongoing price increase doesn't seem to be of Trump or China. As the economic situation is found worse over few countries people have started to move their earning towards bitcoin. This has led to an increased circulation of bitcoin which has given us the price pump.
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To make a good gambling website in an easy accessible manner at least 30-40 bitcoin is needed and then based upon the number of events added to the website additional funds were required. And then for advertising through different sources at least 5-10 bitcoin is needed.
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Very simple reason, why I prefer buying bitcoin is that no other currency fluctuates and gives a good earning. Bitcoin with the varying price gives good profit. Most people have the habit of saving small amount or investing in stocks for future profit. The same when spend on bitcoin gives a very big profit comparatively.
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People who were much craze over internet and related things prefer as well use bitcoin much than the normal people. The reason for such usage that these people easily understand the real technology backing the entire digital bitcoin, which is not possible with other public. This will surely change when people show interest upon technological advancement.
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Binary trading is really high risk involved, because prediction with the price is unpredictable because none can make a exact price variation in accordance to time. Price variation happens without any signs of increase or decrease as it happened today.
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I would suggest that you continue on trading. For me it is the most safe way to grow bitcoin rather than investing it at HYIP's because most of them are scam but not all, others will last for month but will be eventually become a scam. Or gambling it because we all know that no one gets rich from gambling.
Its better to be into trading to be on the safer side, because all other methods of growing bitcoin has got more risk than trading. To make profit with trading observation of price volatility is much needed. HYIP's will be good at the start but when they don't get the targeted investors it goes under the scam list. Also user who expect growing can continue with trading, others can try with the high risk methods. |
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This is a good move and I think that other schools, universities should make this decision and start accepting bitcoin instead of cash /fiat only. If I had such a chance to pay in bitcoin I would feel like a boss and people will look at me what am I doing lol. The management might have researched much about the acceptance of bitcoin into their administration and finally started, because with bitcoin one who is gonna lay the first stone of acceptance surely gets profited in a short. Same as bitcoin early adopters who were successful now. |
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I think the best way to cashout bitcoin is to convert it to ready to spend fiat money. It is always advisable to have a spendable money in the pocket or in your savings. The reason is that, we never know when we will need it. So having it as a reserver and be able to spend it anytime anywhere is a good thing to do. With that I think cashing out in localbitcoin gives you more option to cashout at a higher price.
Best way to cash out bitcoin is possible through different trading and exchange websites. Another way is to use it directly for purchase of goods that's available for bitcoin. Other than this right now finding a trader around your locality and change. The last method is possible only in limited cities or regions. |
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I don't think fiat will ever be worthless. They might come a time when bitcoin will finally be accepted by most people and the price would sky rocket this high but the fiat money will always stay the same and have the same value. I'm pretty sure the government will not allow their fiat currency to just become worthless.
True, but I think in the future the human race will no longer use paper money. So the governments must develop a digital currency that would replace money. It may or may not be Bitcoin. But the fact of the matter is, digital currency or cryptocurrency will be the future of money. Definitely. Fiat currency is overtaken by decentralized economies like bitcoin itself and other altcoins. Even if it is not decentralized the world is fast digitizing and fiat paper currency will no longer be of any use. Fiat currency will never be replaced or overtaken by bitcoin or other digital assets, because it has crossed lot years and got the universal acceptance. Also that's wrong, paper money will be used till economic system exist because digital currencies can be used only by knowledgeable people but paper money can be used even by an uneducated. |
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I believe in the Fiat. Yes, this currency is not as valuable as the Bitcoin. But I realize the purchase was for a centralized currency. It will still be used for a long time
you are right that fiat is long time useful currrency because we can be used fiat for direct shopping in local shopping mall and i also think that fiat will be survive for always and it will be never finish. It survives as long as a government survives. The fiat experiment has been mainly performed over the last century, since we left the gold standard and look towards other forms of money, in this case fiat. Fiat money is a rare occurrence throughout history, and hasn't really worked from what we see. Fiat will exist only as long as the empires that issue it. I don't really agree that fiat is not as valuable as bitcoin. With how people depend on fiat, right now it's value is not on the same level as bitcoin or any crypto. Fiat is a necessity and is being used pretty much by all as not everyone can have access to crypto Fiat is more valuable than bitcoin. Always look from where you came from. Exactly, very short statement but true. Fiat is something that we are using in a daily basis and although bitcoin is now getting popular but as not as popular as fiat. Bitcoin will not survive without fiat for sure. Fiat won't get out of usage, even when bitcoin or other digital currencies get more popularized. Fiat is the basic for all the financial structure. It has relation to most other networks and gets used at some corner of the world even if the entire world gets into the digital trend. |
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Bitcoin as a earning source seems to be good for teenagers and above age group. If kids were taught about bitcoin they will miss lot of other childhood fun and happiness which would never come back again. Better is to teach them when they get interest of their own let them learn.
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I was introduced to bitcoin by one of my friend who have been into bitcoin usage for a long. Initially it seems to be something different to believe but once entering the forum got to know about all its advantages and its potential. From that I too started earning and use bitcoin as well taught to few friends around my native town.
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Over the past few hours time a sudden increase in price had took place. This price increase needs to continue as price is stable for a long. This time price needs to get close to $750, so that it will be stable for a short and touches $1000 by the year end.
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Bitcoin trading is you trade bitcoin for something like fiat or altcoins. Altcoin to fiat trading is risky because some altcoins today are scam or just a pump and dump scheme. Good altcoins like doge and ltc are much better altcoin to trade, not that big profit but you won't regret buying it. Fiat to btc trading is also risky because it is based on a real market and it's value drops and rise fast but not that big.
It's a fair explanation. Most of the altcoins are scams, few have been fairly distributed. Litecoin is an example of a good cryptocurrency, with a good distribution, but in my opinion the trading volume is too low to make significant profit. Not just litecoins, there are many fairly distributed altcoins are being traded, the thing is we must choose after closely following them. Yes, usually trading is not viable to start immediately on the day one itself. We must prepare ourselves be closely watching few alt coins with their volume and trading levels. Otherwise we might get struck with scam alt coins. Every day new altcoins were getting developed. So one needs to be very careful while selecting a particular altcoin for trading purpose. Only very few altcoins have been popular among the users. So need to choose wisely after a great examination of price movement, only then we can make good profit with trading. |
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Notes are so unsafe and not cheap to government print just like the coins...
And that's why cryptocurrencies are the future, we started trading goods, after metals, paper and now bytes.
So it means that In India and in other countries, Bitcoin can have a really good future. Paper currencies notes if cancelled become zero in value, while on the other hand No Govt. can make the value of bitcoin to zero , as it is not in the hands of the Govt. That might happen because every country focus towards making things digital. Now this might help get the attention of people from India towards bitcoin. Decentralization won't make any hesitation because the increased price stands first in such situation. |
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