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I don't really think that China hates bitcoin. However, they are just afraid of the illegal activities which can be undertaken using bitcoin like money laundering and terrorism financing. China already have a huge population and it is hard to track such small nuances which can be committed using bitcoin. So they have banned ICO and various exchanges in their country. However, I recently came up with a news that China is planning to regulated the bitcoin exchanges by giving them proper licenses. They didn't ban bitcoin. Any China citizen is allowed to hold bitcoin.
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To recognize market trends, you need time and patience. Crypto investment is not required to monitor and recognize market trend. However, to make a good trade, first you need to identify a good opportunity from the market trend and play accordingly. Both the process requires patience and the power to make quick decision. These are the must-have qualities for a good crypto investor.
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In my point of view, arbitraging is a very profitable venture and I have been doing it for some time now. Earlier I used to invest heavily in bitcoin because I had to keep a decent amount of money in some of my exchanges for a smooth arbitraging transactions. However, I have now moved to Ether. Eth is a very good choice for method because it offers near instant transaction confirmation. So I don't have keep a huge amount of money in various exchanges waiting for an arbitraging opportunity.
For ETH, you will not find a huge price difference like bitcoin. There will be a small gap of probably $3-$15 in prices, but with good amount of money invested, you can make out a good profit. Not in terms of percentage probably, but in terms of amount for sure.
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I have just checked their website for their latest financials and publications and checked quite a few latest publication about their great performing assets. However, I did not see the name of bitcoin is mentioned in anywhere in the website. So I doubt the legitimacy of the news of buying a huge stake in bitcoin by them. I want the news to be real because it can bring back a lot of positive energy in to the market when the people will see this actually happened. But I doubt that it was real. Probably another fake news about bitcoin.
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The problem here was not with bitcoin. But the issue is with the amount he has exchanged. The article clearly states that the person had sold a huge amount of bitcoins without having a proper license of running a money exchange business. So I believe that person was trying to evade tax and any kind of legal formalities. While he used to have a cap of $2500 per trade, the total number of trades and amount went outside the legal limit of a resident which the person should have taken care long back.
Also there are flaws from US government as well. They should release a well-written guidelines for the crypto currency use in their country. I believe the majority of the crypto users don't want to break the law, but without a proper guideline, what can they do? The government must first think about it.
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How can Africans benefits from Blockchain technology?
Africans are also human and like any other human, they can benefited by bitcoin big time. The first thing they can have using bitcoin, is the financial security. Bitcoin can be earned using many ways like signature campaign, trading or mining. Even though mining has become much expensive now, but they can mine any other altcoins and sell it for bitcoin in any exchange. So these methods can give anyone a financial security by providing an alternate profession. So they don't have to be dependent on a job and its salary. I think this is the most positive impact of bitcoin society as a whole. People are earning from their home without have to look for a job outside. So bitcoin is supporting the society financially what many governments have failed to provide. |
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Hi guys Like a lot of people here I am still new to the scene, I would like to know whats the most preferred site to take out cloud mining contracts on? From what i can see the ROI seems to be around 6-8 months and then you start making profit. There is a daily equipment maintenance fee on most of them, does that scale up ? Would that eventually become more than what I earn ? Also how do payouts work on most of them? I have been looking at minergate, would it payout what i mined on a daily basis or does it need to reach a certain value like 0.001 BTC or something ? I want to get into that, it seems like it could be profitable if you keep increasing the hashing power with some of your profit. I would only be able to spare $100 or less for now. Thanks for taking the time to help this noob. -------------------- Sorry mods, I saw this is the wrong thread after i Posted, you are welcome to delete this and ill post in the correct thread. Still new here  Cloud mining websites are mostly scam. It's just another form of ponzi schemes. Where usual ponzi website are gone within a week, cloud mining websites last a little longer. But the ROI is so lees, you won't be able to see profit on your investment. Minergate is somewhat different and they are still sticking around the circuit since a long time now. Minergate offers a mining software for you which you can use from your own system to mine currency. So it is more like an intelligent mining pool. They also offer cloud mining contracts but I have not tries it yet. But I will strongly recomment you to stay away from all kind of cloud mining website just to be on a safer side. Instead try trading. |
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New twitter campaign updated in the main thread. TruckCoin and SteepCoin. Join now and start earning.
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That's a great news! I am in agreement with Mr. Tiwari's statement that crypto currencies are deeply misunderstood and I hope this webinar will be able to clear some common misconceptions about crypto currencies from the mind of the people and set them to a right direction. We need such positive vibes around crypto market now amidst the ICO crack down organized by various government authorities. Just got myself registered for the webinar. Thanks for the info.
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Some Reasons why Bitcoin IS not Bubble 1) Legal Tender Bitcoin now Accepted in Japan (Open office ) ,Philippines citizens can send/receive bitcoin in low-cost ,.......2) Merchant Adoption early years was limited but now largest companies accepted Bitcoin . 3) Bitcoin Supply is Limited only 21 million coins. Some Reasons why Bitcoin IS Bubble Warren Buffett say "You can’t value bitcoin because it’s not a value-producing asset." Source https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/I believe, bitcoin is not entirely a bubble. It certainly shows some characteristic of a bubble to the mass, however, if you calculate the investments running behind it, will clear the doubt. First of all bitcoin is treated as currency to a major chunk of investors. It is just a store of value for them. They see profit in it and investing in it. The acceptability is still an issue you will hardly see any merchant accepting bitcoin. So bitcoin is a great investment asset to many people which makes it a strong crypto and not a mare bubble. |
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If you are not able to sleep after crypto currency investment, then I assume, you have taken a lot of risks and pushed your limits to invest in crypto currency. Otherwise, you are too impatient to see the profit. The main quality of a good crypto currency trader is his patience and the power to take a loss. I believe you are lacking both here. Crypto currency market is very dynamic and volatile. The price can move from one end to another end very quickly and you should be ready for the worst always. So the mental aspect would be your patience and the physical aspect is your strong heart which can take the hit of a huge loss.
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I believe, in comparison with monetary cryptocurrency is that it is more convenient, it is more secured and less probable of being taken away because of its security features like private key for instance. What do you think?
Crypto currency is certainly a new revolution in the economical sector but it comes with it's own problems and advantages. Crypto currency certainly can be hacked, even if you have the access to your private key. The acceptability is also a big issue. You will hardly find a store owner who is willing to take crypto currency in exchange of goods. So fiat is more convenient for real life use and daily expenses. However, crypto currency is an amazing investment. The kind of return it can give, no other investment can't even think of. So for me, cryptos are good for investment but not for daily use. |
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I plan to invest in Sintez! Do you plan to hold a pre-ICO? This is an opportunity to buy at the best price)
I don't think they have any pre ICO session available. However, if you check their website, it shows that early investors will get a bonus ranging from 35%-15%. So it would average out your buying price to the lowest possible numbers. |
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I am not much active in altcoins but this one looks like pretty professionally designed and well though project to me. However, the coin supply of 1 billion looks higher for me. It will divide the token price in to very smaller fractions. However, if the project takes off well, then nothing to complain I guess! But more numbers of coins will cause more volatility I believe. Do the devs have a plan for that?
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I want to know is you believe ethereum can have the same price and growth as bitcoin and maybe ethereum holders in 2030 can be super rich
What do you think?
That probably yes! ETH is the main competitor of bitcoin as of now in terms of market cap. Even though both the coins have created for different reasons, but if I look from an investor's point of view, ETH has not yet reached even 10% of its true potential. After bitcoin, ETH looks like the next big thing and a lot of investors like me have already started investing in it. I have a big regret for not getting in to ETH early. When I started, the price of ETH was around $8-$10 so I could have easily bought some coins, but I didn't do it. I could made a few thousand percent of profit by today. However, I have also started investing in bitcoin since last few months now and I believe it remain the second best coin after bitcoin and the price is going to increase manifold in future. Looks great as an investment while it's cheap. |
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That's a good news for the ICO and the crypto market. We have been waiting for such regulated ICOs because it gives some security on our invested money. The unregulated ICO is a dangerous method of raising funds and the investors don't have any security on their investment. So for the interest of consumers, the regulation is required. If Canadian government is doing that, it takes us to another step closer for legalization of bitcoin. I welcome that news. I wish more countries start doing the same. Instead of banning, if they can be brought together under a regulatory body, it will work like magic and the ICO market will have some stability.
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Boon :
- Waiting For The Surge Of Price of Bitcoin
- Good For Whales to Invest
- Other crypto Currencies Will Be known.
Bane :
- Price Falling Down
- Banning Are Everywhere.
- Bitcoin Users Are Alarmed.
These Are My Point Of View.
Eventually, The Reality of bitcoin Will Serves as What?
Is it A boon or bane ?
The matter is subjective and differs from one person to another. However, I don't think you will find many people in this forum who will think bitcoin is a bane. This forum is designated to bitcoiners and they will mostly say it is a boon. I too have the similar view. I see bitcoin as a store of value and not as a currency. Hence I don't use bitcoin for buying anything, instead I invest in bitcoin because I believe bitcoin has a lot of potential left to grow in future. Bitcoin is not just for whales to invest. It is for the mass and bitcoin is not banned in 99.99% of the countries. Only few businesses are banned due to some shady affairs but not bitcoin. Instead Japan has started giving licenses to bitcoin related business and Australia and Russia is thinking about the same. So bitcoin is a boon for me and a great asset to invest. |
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In the UK, the fall in the pound, which picked up recently, has had a major impact on inflation, which hit 3% this month.
How can inflation and rise in interest rate affect the price of Bitcoin?
The interest rate and inflation of a single country doesn't really effect bitcoin price in any way. They are indicators of a real world economy and not representing and no crypto is directly linked with these economical indicators. Consider bitcoin as a separate economy which runs parallel to the main stream economy, but doesn't really show any effect on the real-world economical factors. Instead bitcoins price is directly related to its acceptability. The more country will accept bitcoin the more investment will inflow in to it and the price will rise accordingly. |
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Ive looked all over. I just want to sell my btc and get Gbp(£) in my Uk bank...
Please give me advice
A lot of people already given you the best solution and I just want to support that fact. Use localbitcoins website and get yourself registered. Since you just want to sell your bitcoin, you don't need to verify your profile. Just don't open a new trade. Instead browse through the open trade offers and place a trade request to the thread owner. This website also offers free escrow service so you have peace of mind while selling with localbitcoins platform. |
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There is no co-relation between these two markets, so technically nothing should happen to bitcoin or crypto market as a whole. Instead we may see a rise in bitcoin market because a lot of worried investors will try to find a separate place to invest or park their liquid money during the time of turbulence. It is just the similar mentality behind the gold price. Whenever there was a market crash, the gold price goes up steadily. Because a lot of investors pull out their funds from the stock market and start buying gold to save their capital investment. So crypto world can also serve as a parking place for withdrawn money in that case. But that's just an assumption. We may or may not see this happening. |
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