BTC Anyone got idea for investing in bitcoins than bitcoin mining which is already dead? Also not the captcha thingy faucet which needs thousands of clicks for just 0.0000XX btc per harvest? Thank you  Mining and faucets are the worst way to earn Bitcoin today. They both are mere time waste. Signature campaign can be a good way to earn Bitcoin. But looking at your rank, it won't be profitable as well. What I suggest is start trading with some little initial amount. Do altcoin trading. I agree many people here will warn you for the same and yes it is pretty risky and you need to spend some initial time in investigating the market and coins. But trust me when you get acquainted with market, you can earn some great returns in relatively shorter period. Read books, experiment with small amount. After a month or so, you can easily make 1-2 btc a month without any big initial amount. Tried and tested! |
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I just tried BitMix. As an end user, I must say I had a nice user experience. Simple GUI, easy to understand, fast loading of website, fast transactions, transparency and simple to use. Overall, a great mixer. BitMix is indeed better than the competitors. What I want to suggest you all is that have a initial kick start by investing extensively for a better advertising campaign. You are only targeting BitcoinTalk users with your signature campaign. But you should try Google ads and Twitter campaign as well to reach out better audience. Do these campaigns for initial some weeks and then continue if they are profitable or get back to signature campaign. You have the potential to beat other mixers( I really liked your mixer! ). All what you need is a better start. I suggest you to have an extensive advertising campaign for a month. I believe whatever customer you'll bring in initially, some percentage of them will return back as well. Also, I want to know what is your target number of users and how much traffic your mixer can handle. P.S. If you want I can manage your twitter campaign for free.  |
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Hey Sylon why asking Eth if payment is in Bitcoin  Even I by mistake submitted ETH address. Sylon, please update my address to 1NSfe5JFVBvsp2PuE9NcnTmHjrYtaD5U1y My spreadsheet number is 6 |
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Bitcointalk username: iram1011
Rank: Hero Member
Current post count: 676
Bitcoin address: 1NSfe5JFVBvsp2PuE9NcnTmHjrYtaD5U1y
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Bitcoin is meant to disrupt the many traditional institutions works as it can be carrying innovations leading to changes in the way we usually do things. This can be the big factor why central banks and many government authorities are all wary of how to treat Bitcoin. In the case of China, they the easiest way out which is the banning of Bitcoin exchanges and ICOs to curtail participation from their "protected" citizens. Soon they may come up with regulation making ownership of Bitcoin illegal...that is if they are not just buying time before allowing Bitcoin operation under a very strict atmosphere. China's central bank admits Bitcoin and cryptocurrencies can be carrying threats to central banks and existing banking systems. And this is actually just stating the obvious as the Chinese government is afraid of anything they can not control. This is a society where controls in almost all facets of their lives remain to be strong...though we are hoping that next generation of Chinese leaders would be gradually changing this kind of situation. Nevertheless, this may not be the right time for China to have a good love affair with Bitcoin but I know that sometime China will be back loving Bitcoin too. Sounds more like China plans to launch their own digital cryptocurrency that they can control. I don't see their government (or any really) loving Bitcoin whatsoever. They have been working over their own cryptocurrency from quite a while now and soon they'll bring it too. All these ICO and exchange ban is just for reducing Bitcoin dominance in their country because of obvious threat to these centralized institutions from cryptocurrencies. But I see the launch of their own cryptocurrency to be beneficial for Chinese people in buying Bitcoin. They can easily buy government's cryptocurrency through fiat and then in turn can buy Bitcoin through it. There won't be any need of exchange. But with that government can keep a track of every transaction. |
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already china has banned bitcoins is there any chance that other countries may ban bitcoins? When did China ban Bitcoin?? Wan't it just exchange ban?? in the FUD they banned bitcoin, and those who are shorting bitcoin are pushing for the fake news today again. in reality they have just closed exchanges (not banned) and banned ICOs (which has nothing to do with bitcoin since nobody even buys into ICO with bitcoin) and they also never talked about banning bitcoin so far. Damn! Then why so many people are sad for nothing? LOL! Atleast people should check the source before making claims. Enough of these rumors. People keep on propagating false news and ultimately who enjoys profit is bulk holders. When it comes to China, government has only closed exchanges. But soon they'll be launching their own cryptocurrency through which people can easily buy Bitcoin. But all the funds coming and going from bank would be under government scrutiny through their cryptocurrency. This is what they wanted to achieve. They never wanted to ban Bitcoin. |
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I just don't understand why people consider Bitcoin to be a bubble.
Although Bitcoin has no intrinsic value, but don't forget Bitcoin is disrupting a huge market that is of traditional currencies by making it online and decentralized along with many other benefits that Bitcoin bring with itself and its value will increase with increase in utility. Utility might not be much at the moment, but potential is high. Bitcoin is not mere a currency that is driven by speculation, but is giving us a whole new form of monetary system.
I think you nailed the answer to your own question. From wikipedia: "An economic bubble or asset bubble ... is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value." [https://en.wikipedia.org/wiki/Economic_bubble] If bitcoin has little or no intrinsic value, then certainly a price in the thousands of dollars per coin is trading in a range that strongly exceeds its intrinsic value. One of the big problems we have is that there is indeed no good way of determining what a bitcoin should be worth. All of it is speculation. Some transactions are carried out for non-investing purposes, and bitcoin needs to be worth something for that to work, so I think it's worth more than $0. But couldn't all of those transactions still work fine if bitcoin were $2000? Or $1000? Or less? It's really hard to know how much, but I think there is a huge investor premium on bitcoin right now. If all of the speculators disappeared, price would plummet. Now, that doesn't mean that bitcoin won't become a mainstream currency in the future, and it doesn't mean that bitcoin's price can't go much higher. But I do think it's likely we're in a bubble...I just have no idea how big it is. Indeed, having no intrinsic value and still rising is considered to be a bubble. But I have very well mentioned that why increase in price makes sense. Bitcoin is providing a whole new form of currency which is decentralised and online but comes with limited cap. Thus, it is deflationary. Demand will rise naturally because this is something people want. Utility will increase in future with more merchants accepting Bitcoin. Recently a real estate company announced to sell their property in BTC. Soon more will follow. The increase in price is not hollow, but based upon some solid reasoning. I totally disagree with this , define intrinsic value ! because with your understanding almost all the currencies in the world have no intrinsic value . I can give you endless examples , but lets first get few things straight BitCoin is not an asset Bitcoin is a currency and the price of a certain currency determined by the demand on it . so even if Bitcoin reached 1 million dollar and there is still people paying that much to buy it then it is worth what it is , your talk will be correct if we are speaking about an asset that the only value of it determined by the amount of return you get from it and this is not the case here . I can keep go on and on explaining that BTC value is for fact its current price nor less not more so even if Bitcoin dumped to $1 it will be its value at that moment and if it pumped to $1,000,000 it will be its value at that moment as long as someone paying to buy it . Again, from wikipedia: "In finance, intrinsic value refers to the value of a company, stock, currency or product determined through fundamental analysis without reference to its market value." [https://en.wikipedia.org/wiki/Intrinsic_value_(finance)] Commodity futures contracts are backed by specific goods (oil, cattle, corn, etc.). Stocks are backed by their issuing company (i.e., their assets). Currencies have value because they are backed by the economies and wealth of the nation that issue them. If the money supply/currency for a particular country remains fixed, its currency appreciates against other currencies when its economy does well, and it depreciates when it does poorly. The dollar is valuable because it represents a country with a strong economy. The value of a country's currency is, of course, more complicated than this, but this at least shows how other currencies have something to back them. The problem with bitcoin is that it doesn't have anything tangible to use to determine what it should be worth. And while the concept of bitcoin is that it's supposed to be used as a currency, I think that most of the price action is due to using it as an asset to make money, not as a currency to pay for goods and services. Well I guess you agree with me that Bitcoin is currency ( people using it as asset do not change the fact that it is currency ) , So Bitcoin should be treated for what it is really is not for what people use it for or think it is . You are saying that any currency have to be backed by something and you gave an examples , strong economy , oil and wealth but you simply forgot one more very important thing the demand, It can also be a very strong factor to determine the value of any certain currency . For example what happened couple days ago with china news !! people started to panic feel that they are not really safe holding BTC ! and we saw price fall down almost 40% because there was no more demand , And after people started to fell that the danger is over they started buying again which made the price go up again ( this is no where near pump and dump situation because simply it is backed by news ) . So in fact the price go up and down based on something ( china news ) not without any reason and that how any normal currency in the world will react . People think BTC price go up without any reason which is totally wrong . because there is one very important reason that almost everyone forgot or even not see it , even tho it is very clear . This reason is "Adoption" wither it is from new people entering the crypto world ( new money in ) or from already existence people putting more money into it . By the way people using BTC to make money in fact add a lot to its value not just changing it to an asset  Demand can not alone sustain a currency. You need to understand that as well. If today there is demand then what guarantees you that tomorrow people will still want it? Might be in future there is some other form of monetary system better than Bitcoin or in general cryptocurrencies, then what will sustain the value of Bitcoin when demand won't be there. That is why I said. Today there is a demand and hence there is appreciation in price and this cycle will continue for more years to come. Right now growth is genuine. But ultimately there will be a point when people have better alternatives and demand will decrease significantly. Then the bubble will burst and price will drop might be to zero. That is why a currency need to be backed by something. |
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And becomes a giant world currency...
Wouldnt there be quite the HUGE interest by govs of US, russia, china to own huge parts of it?
Do you think governments will wait for even $1m, forget about $100m? Bitcoin is gaining part in financial landscape. Marketcap is still in Billions and to touch trillion dollar marketcap, only $60k price is required which is quite possible in next 4-5 years. Government of various countries would definitely take steps before Bitcoin touch this price or marketcap that is within 1-2 years. Governments can't let Bitcoin dominate the financial system. Sole reason for this is that Bitcoin is decentralized which has the potential to disrupt economy of a country if it dominates the particular market. Many are already in the process of bringing their own cryptocurrency. |
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Bitcoin volatility is indeed great for investors who consider fluctuations as buying opportunity to increase their holdings. But merchants and vendors would refrain from using highly volatile currency. The reason being they can't afford their earned amount to undergo 30% drop the next day. They need to analyze profit and loss margins of their business and have to give tax on gains. There are lots of complications in the business and Bitcoin is certainly not suited for such things.
The volatility of Bitcoin effects its utility. Utility is the base for price growth. Volatility will remain for many more years to come. But with time there will be decrease in volatility when user base will expand more and distribution becomes more uniform.
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Until Bitcoin is called Bitcoin, I don't care which word follows it.
There won't be any effect. So relax!
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already china has banned bitcoins is there any chance that other countries may ban bitcoins? When did China ban Bitcoin?? Wasn't it just exchange ban?? |
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Bitcoin is decentralized and regulations free. Their is no center authority monitoring your activity. Thus rumour spreaders are just doing what can profit them. The problem lies with those dumb investors who without researching anything believe in such news and panic sell. If such people don't trust Bitcoin and its potential it's better they stay away. Whatever dump they brought in price will ultimately recover. But the crypto market don't need such investors for sure.
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Diversify your investment in both of the currencies. They both are best long term bet. £250-£250 in both will be a good start. In future keep on increasing both of your holdings by investing more. Diversification is simple and the best strategy in investment.
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Bitcoin is indeed beautiful monetary system. It is decentralized, anonymous, transparent, gives freedom to people to control their money etc etc. We all know that. But abandoning bank for Bitcoin would be a stupid move as for now. And I think most of the people here who are saying "Bank Sucks" definitely have accounts in bank and most probably would be linked to their Bitcoin wallet. You simply can't abandon banks as for now and shift to cryptos. That is the reality.
We all know that Bitcoin's future is still uncertain. Just like China, your country if took some drastic steps against cryptos, your investment will be gone in a day. Banks might be not very moral. But a country can't survive without them and so the citizens of that country.
Bitcoin and banks both are important.
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This is not the right section to post scam projects. Shift your thread to scam accusation sub-board. Here your post will get lost and the overall purpose of your post will be gone.
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Bitcoin brought with itself the technology of BLOCKCHAIN which has huge potential. Startups are hot nowadays and in such atmosphere, blockchain which is quite a new technology and has the potential to disrupt many sectors from banking to e commerce, gave an excellent opportunity to people to start their own venture and actually the process of funding isn't that difficult with ICOs. So everyone is just busy to take the first mover advantage in particular industry with blockchain tech. And always in such traffic there are people who come to take advantage or basically scam. From this mess a successful company will definitely emerge.
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If Chinese are panic selling, then someone must be buying somewhere. This time it has to be Japan as country is increasingly working in the favor of Bitcoin and other cryptocurrencies. First they legalized it, then hundreds of exchanges gave their application for review, many were accepted, almost all the merchants are accepting Bitcoin now, Japanese people are already technology enthusiast and they readily accept any new technology. These all factors indicated that Japan will be the major buyer of Bitcoin in coming days. Sooner or later Japan will become the major holder of Bitcoin unless some other country too works in that direction.
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