So, I buy a Amazon Kindle Fire, because I like to read. When you configure it for the first time, you have to login with your Amazon account (obviously) and then you are presented with 2 x FREE audio books. I accept the 2 x FREE books, to test the audio and also to experience audio books for the first time. (I prefer reading the ebooks, but I thought I would give it a try, to see what it sounds like.) A month down the line, I get a sms notification from my Bank, notifying me of a payment done to "Audible" so I phone my Bank. They inform me that it is a monthly subscription to Audible.com. (I never gave consent for "Audible" to sign me up for a monthly subscription) This is how they do it ---> http://prntscr.com/ksqxhv (I never even saw that, when I was offered the 2 FREE books) !!!!!!!! Why would I sign a subscription if I just wanted to listen to the so-called FREE books?  In any way, I logged in again and cancelled the subscription and it already billed me for next month.  Now, this will NEVER happen with Bitcoin, because nobody can automatically withdraw money from your Bitcoin address. You have FULL control over your own money.  I am not the only one - https://www.sitejabber.com/reviews/audible.comWhat you have mentioned has happened for me like many and this is a one major reason why bitcoin payments methods can be consider as very beneficial than fiat related payments specially which are done using credit cards through banks because there is always a extra payment hidden to cover there service and for them to gain more money through our purchases but in bitcoin there is no such things and that is why it is a best payment method |
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I don't think Facebook and any social media websites were against bitcoin or any other cryptocurrency in the world but this situation was started during last couple years where many ICO projects started advertising there campaigns through social media continuously which made a bad effect on many social media sites including Facebook and twitter and that is the reason in occasions they tried to restrict or ban crypto related advertisements
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Definitely bitcoin prices are mainly influence by individuals because in the market bitcoin demand depend on each and every individuals decisions and actions that are taken according to there desire because unlike centralized markets bitcoin market is build by collection of individuals which makes its price to increase or decrease according to them
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I do not think that the government hates or prohibits the bitcoin, just because of bitcoin's non-governmental controls should make those governments feel a sense of disagreement with the bitcoin's actions.  Agree with you many don't hate because majority of governments haven't taken decisions against bitcoin or its existence at the moment because still bitcoin haven't done anything bad to there financial structure but most government organizations are in alert about bitcoin due to many false news from media sources regarding bitcoins darker side and the negative effects it can do to traditional economical systems |
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I agree It can be done by bitcoin users and there influence because even for an organization to come to a decision to combine there core business with bitcoin among consumers there should be significant amount of request so to gain more profits companies definitely will adapt bitcoin into there business processes and that increase the demand in bitcoin because it gives a value and a purpose to it which eventually increase its popularity
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I don't agree totally when someone say only rich can earn from bitcoin because the investor or the trader should have many qualities and knowledge about the bitcoin market to gain proper profits but rich have a great advantage over other because when investing in a investment it is always about afford ability so people who can invest considerable amounts can always gain better income than the rest and for bitcoin it is the same
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I agree Psychological fear definitely dominates the market market and it is very effective in the bitcoin market than other financial markets because even bitcoin market is widely spread among considerable amount of people still this is a new concept to most and majority of media tends to show the dark side of bitcoin and its existence that showing the potential side of it so many investors are investing in uncertainty even without proper and solid reasons so the market tends to change a lot even from a small negative effect
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Predictions can done by anyone in the financial market but most of them become useless because most experts make judgments and predictions regarding bitcoin with there expertise on other investing options but BTC is a entirely different thing to the world so no one can say exactly what will happen but we know bitcoin price rose to the highest level even when it was very new to the world and why that cannot happen again in the future when considering today demand
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The reason why banks will always be against cryptocurrencies is that, since btc in its nature is a decentralized cryptocurrency and that they will not get anything from it when they allow all people to accept it.
I agree with what you have mentioned and bitcoins decentralized nature is the main fact that banks will never work in favor for bitcoin or its existence because there is no possible way for them to gain anything from it except if they provide services for its users to convert bitcoin into fiat or the other way around but it is not profitable at all and if most people starts to deposit there money in bitcoin wallets instead of using banks they will collapse so banks were against with bitcoin from the beginning |
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I think majority of banks consider bitcoin and other cryptocurrencies are thereat to there existence in the future because if a person uses bitcoin or other altcoins to do payment or transactions except to take fiat money through a conversion most of the time the use don't need the service of a bank to do anything so eventually banks will run out of businesses and that is why majority of banks are against bitcoin and other digital currencies
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For majority of people in the world to change there transactions from fiat to bitcoin might take some time because bitcoin and blockchain technology still are new concepts to the world so until bitcoin becomes more expanded and usable through adoption most people will believe and use paypal because still it provide good security but in the future definitely bitcoin network will become a real competitor to paypal and other relevant options in the world
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Whether is is more than 75% or not definitely majority of people in the bitcoin trading now has started to think bitcoin as a bubble but the truth is it is not because it was not developed as a investment asset in the first place but most investors and traders saw an opportunity to make money by trading it and its real target to become an alternative currency didn't happen in the past until now it is adapting into businesses and expanding more as a currency so there is nothing to consider about the price at the moment because it is going in the right path
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I think with that statement, it is hard not to determine the market. First of all the market really affects the value of bitcoin. Then bitcoin is the first and ever crypto currency in crypto world. Its safetiness in having and using was also proven and tested.
Of course I agree as the first digital currency in the world the demand and the popularity that has gained by bitcoin is immense and that has made a negative impact on other cryptocurrencies because every time bitcoin price decrease with or without a reason there is a tendency for other currency price to follow the same path which is really bad because if the entire crypto market rely upon single currency the risk level is very high and it reduce the progress and demand in other cryptocurrencies |
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It is true and think this has happened due to the demand level of bitcoin and most investors and traders determine the entire cryptocurrency market by considering the bitcoin price level so even a slight variation in bitcoin price makes a huge change in other crpytocurrencies so even there are so many altcoins that has many potential they don't get the right place in the market but I hope this will change in the future
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An impressive approach but we will not see any significant results soon because for bitcoin users to depend only upon bitcoin there should be more options to use it every where through large scale adoption but still bitcoin haven't develop or expand to that level but it will in the future so if this project succeed we could see considerable results in the future depending on bitcoins expansion and adoption level
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If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?
Above fact " decentralized" you have mentioned is the main reason why the world hesitate to accept or regulate bitcoin today because how can governments allow a digital currency to use in there country when there is no centralized authority who can take the responsibility but if bitcoin becomes widely expanded in the financial world there is a possibility it will be accepted unofficially as an alternative international currency in the world |
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Bitcoin future will be definitely brighter in the future and not just because of innovative mining tools that are invented by IT companies but due to increase of bitcoin adaptation into many trading industries and that is the main fact I think that will decide whether bitcoin will expand and develop in the future because that increase the usability and demand but to continue that process smoothly high tech hardware and software are essential so latest innovations will certainly helpful
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I understand what you're experiencing. But if it weren't for money, would people come to Bitcoin that much? Don't you care about money? Much as we want to stop scammers, we fail. It's sad but it's true. Bitcoin has been going so far as an investment that it can't back to it first mission - a method of payment.
Of course and that is a major reason even we need to change we won't because main goal to invest in bitcoin market is to earn money but what we should consider will bitcoin continue in the future by using it as a investing asset because nothing can survive without a real outcome or a reason so if bitcoin must survive in the future even as an investing asset adaptation into businesses and other essential processes is a must so definitely we should change |
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I do not believe that bitcoins affect the price of other coins as well.
It may perhaps happen only if bitcoins start dumping, most of the peoples would have less faith in the cryptocurrencies itself and might start selling their other coins as well.
I agree with you because most traders who buy cryptocurrencies and trade main ambition is to buy bitcoin with there earnings at the end because it is natural for any one to select a more demanding currency over other when considering long term investments which seems like a common practice these days and also there are lot of scams among cryptocurrency projects and many investors are afraid to put there money on them which is totally different in bitcoin investments so most of the time cryptocurrency prices can fall in these situations |
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Recent bitcoin drop was a temporary fall which can happen to any market but market manipulation and bad media information has fuel the situation when considering the bitcoin trading world. When considering manipulation unlike other markets crypto trading market is filled with manipulators and that is a major reason why we see values fluctuates without any reason and we don't see any good news that are broadcasting about bitcoin through media and its potential to the business world but most news are filled with negative effect that can happen to the financial world through bitcoin using which makes investors to avoid using bitcoin
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