I really don't get why people have such a hard on for Paypal anyway. Surely most users have it linked to a bank account or card and can move it in and out with ease. As soon as you abandon the idea of using Paypal with BTC and stick to your regular banking options you wipe out most of the risks and ludicrous expense.
Nearly all of the ppl knows it. But paypal is still the most popular accepted payment method. Ppl has to find ways to load their paypal. Hopefully bitcoin will become the standard payment for all of the merchants. Then paypal will have no place to live.  |
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It is understandable that the Chinese contractors don't want to accept btc payment. Since btc price is rising now. Why not convert to yuan or dollar and wire transfer to them?
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Local banks even adopt btc and treat bitcoin as fiat. Ppl can deposit and withdraw btc from the bank account digitally.
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Mine: 13xJD8i4Zk2jrbZg4iZTnDjuRVxET4yAfk
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When ppl are panic selling, it is a good time for me to buy more assets! Like Bitcoin and altcoins , when the price drops further, I will buy more!
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Normally I use blockchain.info, which is most popular. I am using its wallet as well!
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Buy in now price reduced to 0.3 BTC.
0.2-0.25btc is fair price for sr member account depending on the post quality! |
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I'm not sure I would class some of those countries as 'major' ... but there is a general sense now that bitcoins are leaving the USA, and at an accelerating rate.
I read somewhere that more that 70% of bitcoin transactions are happening in China. So, yes i guess it is leaving the USA. But there are a lot of bitcoin related startups located at USA. They are open to new technology, build up complete bitcion's infrastructure. There are a lot of ppl there adopting bitcoin. But in China bitcoin is still the minority's game, although 70% of bitcoin transactions are happening in here! |
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The block reward is constantly the same 25 untile next time halving! As the overall hashing power and difficulty increase, the same number of hashing power are getting less reward! |
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I don't know whether I should involve this, but I have seen some arbitrage bots promising to make you returns upto 6-10% a month, so you should definitely check 'em out...
From what I understand arbitraging is useful for trading when you do so on different exchanges. So how would bots help you on the same ? there are bot that can work on a different exchange, with the varioous api, you need first to build your own platform connected to every exchange, the the bot can proceed to play with all those market, like it was one big market, there was an example of this, done by a users i need to find the thread, i'll update this post... ok found it http://bitcoinpricelab.com/, still looking for the owner But wouldn't there be a problem with withdrawals at the same time ? Even if someone has bots running on both the exchanges, the withdrawal of altcoins from one exchange to another usually will require a confirmation email to verify the withdrawal. I don't suppose the bots would be sophisticated enough to actually be able to login to the emails and verify those withdrawals along with the trading on the exchanges . Moving altcoins between different exchanges is time consuming and by the time your funds get to the destination which has arbitrage opportunity, the opportunity will disapear. The best solution is to have altcoins and bitcoins available at different exchanges. When opportunity come out, your bot just create an buy order and sell orders bewteen them within a second! |
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I think it is NXT, Burst, VPN etc
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I am going to comment on buying/selling BTC through PayPal.
If you want to buy, then it is fairly straight forward. Use escrow and wait for BTC to come in then release funds.
However, if you are the seller, just DONT use PayPal. As the buy can revert his payment AFTER receiving your BTC.
I lost 6k selling on PayPal.
- Mayer Amschel
sorry to hear that! Yes, we should be careful when trading through PP. When selling, we should trade with trustworthy ppl with low amount of money, which will reduce the reversing risk! |
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