Yes, rightly pointed out. The transaction confirmation time is a major roadblock for the bitcoin to be accepted to the local merchants. If you want to buy something quickly, then bitcoin is not a best option.
However, bitcoin is also not backed up by any real asset. It derives its value from the market cap and the public trust. With these features, bitcoin is also not a good option for the merchants. Only the investors in bitcoin will understand that real value of bitcoin.
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I have sent OP a personal message. Lets see when I receive a reply from him.
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It simply means that chinese exchanges don't want to expose themselves in the bitcoin price volatility. They want to save themselves by not allowing users to take loan from them to play in bitcoin.
But that is actually a good news. Due to the high volume chinese traders and because of these margin trading, we have seen a lot of fake volume in bitcoin which drastically moved the price of bitcoin upwards and downwards. I think the fair game will be on from now.
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Bitcoin is already banned in few countries and it didn't effect its growth. But however, if all the countries ban bitcoin from being used, then it will be a problem and only the darknet people will have access to it. It will become a major underground currency.
Also normal people like me will get back to their day job and hope for a better future.
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It is very much possible to do money laundering using BTC and I am sure that many criminals are using this route. Not just Bitcoin, other coins like ETH is also used for the same purpose.
But criminals will criminals, if we are earning money in a good way and our records are clean, then I don't think we will have to worry about anything till the time our government doesn't start cracking up bitcoin holders.
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I haven't yet received the bounty. Not complaining, just informing.
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Hi Guys,
I want to sell a little amount of gold from my GoldMoney account as I am not interested in investing in gold anymore.
As per the current market rate, the price of my holding is $4.12. However, I will sell it at $3.70 worth of bitcoin (benchmark: C-Cex). If anyone is interested, can get in touch with me. Don't come up with cheap offers.
Rules: 1. Hero and Legendary member with positive rating - I can send first. 2. Any member below that level with positive or neutral rating - I will take the money first and send the gold to your goldmoney account.
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Trading is the most legal way to earn bitcoin at least for now and I am using the same method to earn bitcoin. However, you can also do freelancing, if you are good in coding or programming. That is also another legal way to earn bitcoin.
However, strictly keep away from ponzis and card games. Because these are illegal method and you may end up loosing all your investment. So if you don't know how to trade, take help of google and try with little amount initially. Slowly increase the amount and you will see the magic.
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Same here! My only regret with bitcoin is that I could not get in to it sooner and could not invest heavily during its initial days. Otherwise I would have been close to a millionaire.
I started using bitcoin when it was priced at $450 and looking at today's price, I am sitting on almost 100% profit. If I had invested during its initial days, I would have made around 400% profit by today.
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I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future
I am stunned by your stupidity. I'm sorry to say this, but banks can't be disappeared just like that and blockchain can't be the future for the banks. Probably the blockchain technology will be adopted by the bank to improve their transactions and other aspects related to banking channel. But banking system is so deeply rooted in our society, it can't be uprooted very easily. Bitcoin and blockchain is definitely not the replacement for banking system and it will never be.
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The website is up for sale and asking for pricing quotations now. However, just to let you know that these websites are called faucets which will give you a very very small income unless and until you hit a jackpot. The change of hitting a jackpot is 0.0001% in a million.
These are for micro earnings and only to introduce you to the coin and nothing else. Don't expect big from these faucets ever. Start trading, if you want to make big bucks.
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Well, I started using bitcoin at the beginning of 2015 and I regret why didn't I started earlier. If I had started using bitcoin during its initial days, I could have been a millionaire. But anyway, I have accumulated most of my bitcoins when the price was at $450 and I am already sitting on huge profit considering the current price.
So better let than never.
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I think we should not have any doubt about this. Yes, Bitcoin is the best crypto currency so far and pioneer of them all. It owns approx 84% of the total market share of the crypto currency alone.
I think this stat is enough to understand its worth. Those who have invested in bitcoin at its initial days, they are millionaires if they are still holding it.
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I don't know which people are saying that bitcoin is dead but I see no reason for the same. Probable these are such people who want to buy bitcoin cheap by demotivating people.
Bitcoin is thriving and far from being dead. It owns 84% of the total crypto currency market share. So if anyday bitcoin goes dead, the crypto currency market will die as well and I don't think it's going to happen very soon.
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