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Hi, please check the above post. The admin is moving this forum to a top level domain. So just wait for sometime. If you are a registered member, you will receive a newsletter once the forum is up.

Probably Metizer is not scam now but slowly it will become a scam website for sure. I have also invested in to it and I was receiving payment as usually for initial few weeks. But now they have come up with a new rule that, you need to keep investing until your account reaches to level 2. Otherwise, you can't request withdrawal.

That's something alarming. To reach level 2, you need to invest a good amount of money and in return you will receive peanuts. Cloud mining is always a type of ponzi, but the strategy is just different. 

You are right! Trading is also gambling but the nature is completely different here. Trading is probably the only one type of gambling which is legal across the world. But gambling in its true sense, is legal in few countries. However, in trading, people take calculated risk and in gambling, you bet for your fate. Otherwise, you giveaway your money to the gambling website owner.

With my long trading experience I can vouch for trading. I started with a very little amount earned from signature campaign and now I have enough money to sustain my self for another 3 months without a job. So if you can play it right in trading, you will be rewarded suitably, unlike gambling!

Hi, I was trying to find a reason as to why bitcoin price is going down so rapidly? Google search didn't show any rock-solid reason.

Can anyone help me with the actual reason? Anything happened which is acting as a catalyst for this down-slide?

Bitcoin fee is the part of the bitcoin plan since long. The idea of fee is to sustain the miners when the block rewards decreases. So the fees will only keep increasing with the discovery of every block. However, it can also take bitcoin to extinction slowly. The big amount people would not mind, but the smaller amount people, will have a reason to worry.

If we are seeing this exorbitant fees in 2017, then think what we will see after few years. A solution is needed now to save bitcoin's interest. Otherwise, people will start using other coins like ETH or dash for their payments which some people have already started using for future. 

It is great to see that corporates are taking interest in bitcoin and they are planning to provide loans on bitcoin as a collateral. However, this loan may be a big failure because corporates are greedy. Why 40-50% as LTV??? It should be over 80% as bitcoin has a huge upside potential. It is very well possible that the bitcoin value will get doubled or tripled during the tenure of the loan. What's your strategy? Let's looks at a hypothetical scenario..

Collateral for loan: 1 BTC (valued at $1200 while taking loan)
Loan amount: $600
Loan tenure: 2 years

Now after 2 years, 1 bitcoin is valued at $3000
Loan is repaid and now it's time to release the Collateral amount. What the borrower will get? Will he get back one bitcoin which was the actual Collateral or will he get back the bitcoin worth $1200??

Can you please clarify??

I really don’t want that day to come to our life ever because I will face a huge loss and a long term plan of mine will shatter big time. However, I feel, if bitcoin goes down to $20, I would call it dead. Because, my savings will have no meaning at that price tag.

But again, if bitcoin start going down to $400 level, people will start panic selling which will increase the bitcoin supply in the market and further bring down the price. It will be a bad situation. If bitcoin dies, the crypto currency market will be in shambles for sure.

If travelling is your passion then travel the whole world with bitcoin. But for that you need to exchange all your bitcoin to fiat first and then you will be able to spend for your travelling. However, if you take my suggestion, then I will tell you not to spend bitcoin as of now. Accumulate all you can and save it for another 5 years. Treat your bitcoin like an investment.

After 5 years, bitcoin price will go beyond our expectation. Also the acceptance of bitcoin will increase a lot. Then either you can exchange to fiat and spend it the way you want or save for your retired life.

Your question is incorrect because Bitcoin bank doesn’t exist in reality. So you will have to save your bitcoin in your own wallet only. You won’t expect any interest to be paid by someone. However, the price dynamics of bitcoin will reward you suitably even if there is no bank and if you are willing to hold your bitcoin for long time.

Just to give you a real life example, you can consider my case. I started earning bitcoin in 2015 when the price was between $220 to $260. So if I had one bitcoin that time, I would have made pure profit of $1000 just by holding that bitcoin for 2 years. No bank will give you that much return in the form of interest for sure. 

So it is better to stop searching for a bitcoin bank and start saving up! Cheers!

Bitcoin and Paypal can never be compares as both are technically difference from each other. Let me point our few differences first,

1.   Bitcoin can be generated from moning but Paypal can’t generate money by itself. You will have to fund your paypal account using fiat.

2.   Bitcoin is not regulated by anyone but Paypal is regulated by a central authority and micro-managed by various country respective laws.

These two differences show that why Bitcoin can’t be compared with paypal. Bitcoin has changed the course of Internet payment system. But paypal is fairly managed by enforcing agencies which makes paypal worthy of legal transactions only.

I consider myself an investor of Bitcoin and not a silly spender. So given a choice, I would prefer fiat currency to pay to the shopkeeper. I would not touch my bitcoin unless it is absolutely needed.

As you have mentioned in the second paragraph, I too agree with it. With highly dynamic pricing, you will end up giving away your fortune for silly purchases. So I use fiat currency for my daily living and always save up my bitcoins for future. I will probably keep those bitcoin for another 5 years with me and then according to the market value, I will sell those for something really luxurious.

That's a real welcoming news as Central Bank of China has decided to audit the online exchanges. This will somehow discourage the people who are faking volume and trying to manipulate the bitcoin price.

However, that will not completely remove the cancer from the system. There are many workarounds of the same. I'm sure Chinese people will find some workaround for the same. However, some fat at least got burned and probably we will see a little less inflated price and manipulation.

HI Text, welcome to CryptoHub. Till the time VTY wallet is getting fixed, you can use Poswallet.com website for accepting and staking VTY. However, for ICOBID, you need to download wallet from icobidplatform.net.

Hi, I am not the admin of CryptoHub but I have my own version of answer to your question. Nowadays, I prefer to make posts in Crypto Hub because in bitcointalk, you don't have freedom. There are few members who want to capture the power in bitcointalk and they can put you in their banned list and you loose out on earning. I have seen some Signature Campaign managers are doing so.

In cryptoHub you have the complete freedom unless you are a spammer. You can write as many posts you want and get paid for that. The earning is a bit low now, but with time, it will increase. It will only take a while as any startup would need. I have already received few payments from here and I am sure I will get more payments in coming days. It has all the feature to become an alternative to bitcointalk. Only that awareness is required.

Hi, I would like to participate.

user name: Avikz
rank: Sr. member
number of posts: 1243
your bitcoin address: 18BN5y2mSjH6pbSPjjVgVM9jQdSuijYD4R

Thanks!

I am sure bitcoin's popularity and price is because of the name only. It is because of the path-breaking innovation of block chain technology. Bitcoin is the pioneer crypto currency and the world first known about the block chain technology through the bitcoin only. Being a pioneer, helped bitcoin to scale new heights and not the name. I'm sure there are other cooler names could have been found. But when quality is present in a technology, people never mind the name.

Prediction is always prediction only and you can’t be sure about predictions. That is true for any equity market across the world because everything depends on the public sentiment. Unless you understand the public sentiment, it is impossible to predict correctly.

In bitcoin, we have few indicators though. You can always check the market capitalization of bitcoin which may help you to predict whether the price will go up or go down. Also if you see the price has taken a sudden jump, get ready for a crash as well. So you basically have to go with your gut feeling while predicting bitcoin price.

That’s a very valid question and many people have the same question in their mind. We all know that bitcoin transactions are included in a block and then need miners to confirm the block before a transactions can be confirmed.

However, after 2023, when all the bitcoin will be mined, the miners task will not end. They will have to keep running active nodes in their system to confirm the transactions and they will get the fees in return. I think the transaction time will come to minimum but fees will be higher than the current fees.

I won't term bitcoin as money. However, I agree with you that bitcoin is a commodity which has an underlying value. In this case, the value is based on the public trust and nothing else. The more number of people will trust in bitcoin, the more amount of investments it will receive and it will in turn increase the market cap which directly impacts the bitcoin price.

So, it should not be used for buying groceries or a cup of coffee. Rather we should take it as an investment and trade with the bitcoin. It has a huge upside potential and it can make you rich within next 5 years if you are holding enough numbers of bitcoin today. Wait for the magic to happen. 

It wwill definitely be a curse if China starts controlling bitcoin. They are already controlling the price and manipulating it by fake transaction and trade requests. But if the controlling interest moved to China, then they will try to create monopoly on it and rest of the world will suffer by the lack of bitcoin supply.

However, one good thing is that, due to the structure of bitcoin, it is almost impossible to control bitcoin by any country or any single organization. What they are doing is manipulation of price which is benefiting the traders across the world.