Just a information: if 650k BTC that previously not in the market suddenly pushed into the market, then the price must drop by a lot!
Absolutely, the price would probably crash. The market barely handles te 3600 btc that ar mined each day let alone 650k bitcoin. But this doesn't look like a trustworthy or official source. |
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Yes, you will need to wait for at least 1 confirmation. I have sent you a message Marco. |
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I don't think that the US dollar will collapse in 2015, it really looks stable at the moment and will probably surpass euro within 6 months. Although it will probably collapse within a decade because the federal reserve just prints money in hope to stabilize the US dollar, and in longterm that would be terrible.
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Shouldn't they be scratching their heads on how to tax anonymous bitcoin users?
Only a fool believes bitcoin is anonymous. Bitcoin users have all their financial history on the internet for anybody to see Exactly bitcoin transactions are easily traceable and open, that's why the DEA agents were caught, using the blockchain tracing back their bitcoin usage. |
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It's not on their radar yet. It will be if Bitcoin gains mass adoption and we need to be prepared for that time.
Yep , once bitcoin is more popular and more often used there will be more regulations and laws come regarding bitcoin taxation. But for now its just a matter of time. |
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Many mining farms have halted or completely stopped the mining since the price is low. Although many farm still mine bitcoin and take a loss which will probably lead to a mass dumping once the price rises again. |
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i doubt they are dumping 3600 coin every day, unless the network is 100% chinese, and this isn't true at all, more like 50%
and you missed early adopters, which can dump a bigger amount than just a tiny 3600 coin
i don't think miners are the problem at all
Probably early adopters and darknet markets are dumping the huge amount of coins daily. |
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Here we go, 300$ - 260$ - 250$ - 230$(now) - 200$(soon), there is no indication that Bitcoin will going to be rising significantly.
It's really hard to tell where bitcoin price will be heading and as I it looks like it won't rise in the near future, but you never know  |
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I sold some around $630 last summer but it wasn't much. I also sold around $520 and from then I kept buying small ammounts.
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You sound like a buttcoiner, anyway the bitcoin environment will survive and the price doesn't really matter. Buy support will come once mass adoption arrives and this will probably be soon since so many useful services like openbazzar and darkwallet will soon to be launched. Bitcoin wasn't, isn't and won't be dead any time soon.
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Anythign is possible with bitcoin. If we see double digits, I'm buying a fistful of coins.
Like he said anything is possible for bitcoin. Back in 2009 none believed that bitcoin would hit $10 and now look where it is, bitcoin speculation is really exciting because everything is possible. |
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Bitcoin won't be dead until the trading volume hits $0 even then , there is a huge infrastructure build around bitcoin like companies,services,VC etc. As long as bitcoin is trading and people exchange goods and other monetary value there will always be a price and a trading volume for bitcoin.
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Interesting statistics, 2015 will be an interesting year of bitcoin and bitcoin startups in general. Many angel investors and VC firms are really interested in the bitcoin technology and want to grow it .
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Interesting market approach by coinbase. They try to control and dominate the bitcoin space and bitcoin exchange business, like facebook tries to control the social media space. Coinbase will probably launch more exchanges after UK worldwide. This will be interesting.
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I would buy as much bitcoin as possible and build a huge mining farm. I would focus on controlling the biggest mining farm with around 45-50% of the total hash rate. I would also invest in bitcoin related startups and businesses.
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the only thing that i want right now, is a faster confirmation, i'm not sure how the miners feel about receiving a block every...let's say 1 min(like doge)
but it would require reviewing the block structure and reward....too much of an hard fork i guess
Exactly, faster confirmations times would make bitcoin more useful for real-life usage and other services. |
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LMAO Tyrone is hilarious I remember him when he made mostly videos for dogecoin. |
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The name was just awful. They got outcompete by other exchanges like coinbase,bitstamp,circle etc. They didn't invest enough in marketing and didn't interact enough with the bitcoin community. Their overall strategy was really bad implemented and that's why they had to shut down. In my opinion it wasn't a surprise at all that they shut down.
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Do you have a portfolio of example works you could present ?
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Hello all my new Bitcoins friends.
I live in Karachi, Pakistan and new user to Bitcoin and have the following 2 questions please
1) I have a friend who owes me converted $50,000 USD in PKR which he currently holds overseas.
He proposes to first buy Bitcoins equivalent in PKR and then deposit them into my Bitcoin wallte
It is my responsibility for converting these Bitcoins in my Meezan Bank personal bank account (denominated in PKR currency only).
Could anyone recommend an exchange that will be willing to work with Pakistan national? Not many overseas companies like to deal with Pakistanis for obvious reasons so I would be grateful for any recommendations
Also, anyone who has actually done this, please confirm if the exchange would be willing to convert to Pakistan Rupees first before sending into my personal Pakistan account? Or must I first open foreign dollar account?
2) Secondly, when my friend sends me Bitcoins, from my research I understand that the Trezor system is the safest way to hold Bitcoins
Is this still correct information as per my understanding?
Thanking you all kindly for reading and helping and fellow Bitcoin newbie.
I would recommend itbit.com and Kraken they have a good support team and fast delivery times, they also have low fees for international wire transfers. Also take a look at http://bitcoinexchangeguide.com/ maybe you will find a different exchange that would fit you. Generally the accept customers worldwide so from Pakistan as well, good luck ! |
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