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In the near future most of the payments process using Bitcoin will be like this. Companies will use an exchange service like BitPay or other so the customers pay with bitcoin and they receive fiat. I do not consider it as bad, it is rather a first step in the long road to accept Bitcoin directly in final.
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The San Francisco-based cryptocurrency giant Coinbase has announced that the customers in the UK can buy now cryptocurrency using British Pound. According to Zeeshan Feroz, the CEO of Coinbase UK said that "UK banks have been conservative in terms of working with crypto businesses and we’re proud to be one of the first companies to get access to domestic banking"
It is a good step for people from UK to trade with their local currency. Hope to see more fiat listed in the future  |
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You can post anything you like and it is up to the readers to evaluate your contribution. Unfortunately I do not have any smerit to give so I do not check and comment works anymore |
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And it looks like the news is feeding the prices bullish run. It has already gained over $285 from yesterdays price nearing the relaxing point of $7500 to the bitcoin investor. I don't know what is the reasons of this rise but I do not think it is related to starbucks. It is indeed a good news and I want to see how many people will use this service to buy their coffee with bitcoin |
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They should work on their security first and probably add 2FA to their wallet, just take a look how many people have fallen to various phishing scams because it is very easy to clone site.
That is what they are supposed to work on, today is very easy to purchase ethereum so it is not so big news.
Yes I read lately many people claiming to have their etherdelta accounts hacked. Those users have to put the site in their favourite to avoid phishing attempts... Now for the purchase of ether with visa and mastercard payments, this is a good news definitely  |
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I joined many bounty campaigns, It has a question I don't understand.
"How many follower/friends do your facebook account have?"
I don't know I must choose the number of follower/ friend or the number of follower plus friend?
I presume the two followers plus friends in case you have to enter just a number. If you have to answer in bitcointalk, you can simply respond like this : x friends / y followers. |
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The last pump and dump stabilised the price at +$1k what it was weeks ago which is very positive and means that it consolide correctly. Now it is up to people to hold it and buy so another bull run took a place and run the price up further until +$10k level
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The ban of banking services related to crypto wasnt well thought of. It was imposed after visa and master card banned such services. If huobi is true then this will prove to be a great news for crypto traders. Lets see what happens.
Mastercard fought Bitcoin in the past and imposed restrictions for banks for using their cards with bitcoin like what happened in Neteller but now i think they changed their attitude. And concerning Visa i don't know if it has did the same or not but I didn't read anything similar to what Mastercard did. I think it is the banks who are leading this fight to restrict the usage of bitcoin but they will loose it at the end. |
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There is a slow down situation in the market. It is good time to buy I think. But be careful with continously drop in price which may make you get loss.
In the case of Bitcoin for example i think it is safe to buy at any price below $10,000 in the short term and it is always profitable in the long run. However for altcoins, it is hard to predict. Some coins or token lost over 75% of its value without any sign to grow again. Hopefully i did not buy any of it at the end of 2017 and I still hesitate to enlarge my crypto selection for now because of the red trending  |
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And the correction took place. Bitcoin price now is $7,500 and I hope it will not drop more than this. The $8,000 limit was not as solid as it looks like and bumping and dumping is still taking place. Arggh!
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many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.
It is not about allowing cryptocurrencies or not. It is about lobbies. Banks and politicians want to control everything while Bitcoin and cryptocurrencies will not allow them to do so. They will not profit from Bitcoin like they did with fiat, some countries are trying now to make gains from imposing taxes which is not that easy for now. |
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That is a solid prediction. But question is what is next? Will be this the bottom of this Bitcoin cycle? When will recovery start?
You are talking like a bot lol. What's next is another bump and dump cycle of course. You will never know the bottom of any Bitcoin cycle. Recovery already started few days ago. |
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I am a little bit confused. So the ban imposed by the Reserve Bank of India affects only the banks? You do not have the right to trade cryptocurrencies with INR sitting in a bank account but you are free to trade it from your own pocket in foreign exchanges?
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I am very curious on why the American public has not insisted that a full audit must be done on the actual Gold that are stored in Fort Knox and other secure places in America. They blindly accept that there are lots of Gold stored in the vaults in Fort Knox and all over America. The government has no right to withhold that information, but the public is not demanding it.
Why?
1. They know that if this is true, their economy will PROBABLY collapse?
Indeed. Since the dollar is tied with gold and the US government claims to have the equivalent of each dollar in gold then the price will easily collapse once someone will leak a video about how catastrophic the situation is in Fort Knox. I consider the USD untrustworthy since 70' when they suspended its convertibility into precious metals. |
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And bitcoin is going back up again. My prediction is already wrong.
With cryptocurrencies in general when you give a logic prediction you always win. Saying Bitcoin will fall is true and it happened. Saying it will rise, yes it happened too, unless you predict something over $10,000 in a short period. The important parameters is not the price movement in fact, it is adoption then comes the level in which the price could resist above. |
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It is not really mining that happens but more or less a simulated process of mining. Not like what GPU do else the mobile phone would just overheat in minutes and crash as they can not handle real mining.
We as oldies Bitcoin users know about such apps and how ridiculous it looks like when it "mines" cryptocurrencies. I tried once to convince a friend how stupid he looks with mining more than $300 in few days with an app in medium end phone. He didn't trust me until he was scammed and got nothing Best thing Google did so far for cryptocurrencies. |
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The Lightning Network is currently "throttled" and not running at full capacity. <Limits on transaction size>, so we cannot make a direct comparison now, but things are moving very fast. I saw last night on Reddit that the LN network = 119x growth from 61 to 7246 channels in 6 months. Just remember that the Lightning Network is more focussed on micro transactions. It is a matter of time before the community fully adopt the lightning network. With the growing number of people using Bitcoin, faster transactions are a must. I expect it will be fully operational around mid-2019. |
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It depends. If we talk about moving funds from North America to an African country then Bitcoin is the best choice. It is the fastest and cheapest way. In addition, you don't have to move from your place, nor carry a bag full of money nor sign a paper to do it.
However, when it comes to the daily life, for example shopping, waiting for 10 minutes on average to get at least 1 confirmation is a little bit annoying. The best solution is a third party insuring the transaction.
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The employee lost his money in Mt gox or he was shot, it is Russia, or he paid his employer and co-worker so they remain silent.
2011 was the golden year for mining for individuals, too bad we missed it.
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Comparing December 2017 and now is not accurate and does not mean obligatory that the same thing will happen again.
People will sell for sure once the price reached a certain level but other will counterbalance it with buying.
I don't see negative news that will force them to sell so for now it is safe, just hold.
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