when the situation in the country has made it possible to give license the bitcoin. because the seller will of course sell a variety of products that are also official in the country. so payment must also be with an official payment. when a country has licensed bitcoin, retailers using bitcoin will become a reality.
I agree with it. In our country, many are afraid to take bitcoin as payment, since the authorities can recognize such a deal as illegal and then there will be problems. There is general rule of law - Everything that isn't forbidden is allowed - and another old Roman law: laws do not have retroactive force. So if bitcoin is not illegal in your country by now, then every already made and accepted transaction is valid, no need to worry. I am rather more inclined to say that merchants are afraid of this new tech and think this might be a bit too much hassle to implement it because it probably won't make them much profit, that's all.
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We need to say something first: Life is gambling - whenever you like it or not. Everything we do has consequences and we are failing more than we like to admit. The difference between old-fashioned casino gambling and investing is simple - gamblers are risk seekers and investors are risk averters. No one really knows if the new project or idea will be successful, same with Bitcoin - on paper, it looks like something extraordinary, unique and forward-looking vision. So are you a risk seeker or risk averter when you invest in BTC?
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Why do you think now a good time to invest in Bitcoin?
Do we really need to state the reason? Everyone who know basic facts about Bitcoin now that this concept is extraordinary. How is a secure, global, and totally digital currency not something that should be interesting for every potential investor? - Bitcoin is limited and scarce - which means we will not see quantitive easing bullshit - Bitcoin is gaining traction and recognition every day, more people know about BTC the higher the price will be - It is probably the best investment of our generation, hands down
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Some of you seem to not understand what is going on:
1. Most of ICOs are trash, a totally worthless piece of code created only with one aim - to get rich fast, these project won't achieve anything. 2. So what if China and SOuth Korea banned ICO, if you can you can still promote ICOs in other countries you like, so what's the deal? 3. The ban of ICO will in the long run cause old coins to be worth more because people won't be wasting time, effort and money on backing useless ICOs.
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Do you remember some time ago when we had a trading blockade set by their government on Chinese exchanges? At that time people's funds were frozen and withdrawing money has been stopped temporarily. From what I read since that time, Chinese traders and crypto enthusiasts moved from exchange trading to p2p trading. Most of them found Chinese exchanges to be a not reliable way to conduct trading operations anyway.
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Believe me. If bitcoin will be embraced and legalized in India on par with fiat money then the price will skyrocket like never before. Nothing like this happened so far... If you think that Japanese bitcoin adoption was a big move, then wait for India, the second impactful country in the world if we are talking about consumer base. People are delusional and repeat the same old news over and over again. This is why bitcoin exchange rate can be so unstable - it is all in people's heads.
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1. It doesn't matter whether the developing team is big or small. I've seen some amazing project conceived by 1 person. It the end it is all about the brilliance of a mind. Adding more people to the team is not always a way to upgrade process of creation.
2. Trust, transparency and solid idea - these are core factors of every cryptocurrency project. We had enough of badly presented scams. What we need is truly unique and meaningful - we don't need a coin which will be used by ornithologists or prisoners the idea is too niche. This is not the way.
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Yes, bitcoin developers are not in to adding more features and bitcoin transaction speed, rather focusing on making hard forks and make profit over. Hard forks are now what is killing the value of original bitcoin. If to say all previous forks were made to update bitcoin source code, architecture and transaction speed, bitcoin value will now be heading to the moon no matter the situation. Nevertheless, bitcoin value in the next 5 years will still be around 500% which is about 100% increase each year I think.
What are you talking about? It is not bitcoin developers who opted to create any fork of a hard fork, they wanted to add Segregated Witness without forking BTC. Furthermore, they devised a way to speed up BTC network considerably with off chain scaling like Lightning Network. It's miners who forked bitcoin developers never ever wanted this to happen, stop saying that devs thought up a hard fork, they have no such power to make it happen.
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Great opening post, as always. I share the same opinion - our whole financial system is based on debt, we entered the spiral of debt it takes slowly over the everyone's life. At some point in the future, we will hit the wall, fiat money at that point won't give you anything as it will be worthless due to lack of faith in central banks power to keep everything under control. Bitcoin as a sovereign currency is an attempt to give some of the power in the hands of the people. As soon as more people will realize it the better our future will be.
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I dont think Bitcoin will surpass even $6k because it is going down right now to $4k in 3 months of time nothing can go as high as high as this to surpass even $10k by 2018 that is impossible.
In March we have like $1290 and price since that time quadrupled. Currently, we are having minor setback linked to the situation in China. You think that this is the end and we won't have any spikes? Everything is possible, true, but if we study the history of the bitcoin's price - after every setback we always have much stronger Bitcoin. Do you think that this minor legal impediment will freeze the price of bitcoin? Additionally, end of the year is a traditional time when we always noted the biggest upward trend of the price. So keep calm and buy cheap Bitcoin.
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How the fate of cryptocurrency in your opinion after china forbids cryptocurrency? Will this be the end of cryptocurrency
1. The Chinese government is a paranoid control freak, so to speak. Officials are scared to death that cryptocurrency may become a new mainstream way of transferring money. Transfering digital tokens is a great way to avoid any kind of tax and high external fees, this is not something Chinese government will allow. 2. They don't want to ban cryptocurrency per se. They want to find a way to curb it. That is why they killed ICO and yuan to BTC trading. 3. China didn't ban crypto to crypto trading - and as soon as they will realize that it is far better to keep cryptocurrency around (after crypto services will be taxed) yuan to BTC trading will be back.
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I shall start buying when the price drops another 5 to 10%. That shall be the bottom as there are still demand for bitcoin.
Just don't be too greedy with waiting for the bigger dip. We already know that bitcoin has the potential to go as high as $5000 quite easily. So as soon as we will enter Bull market price will soar, Chinese drama is here to bite us in the ass like is used to do in the past. And exactly like in the past Bitcoin will grow stronger this time - every single price decline is just another good entry point. Don't waste it.
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I'm not gonna like, I would like our current situation to end exactly in the same way as every stupid Chinese FUD from the past. But what if ICO+yuan/BTC trading is beginning of something much more problematic? What if other countries will follow and ban BTC trading altogether? I know it is kinda overreacting on my part but if China can ban bitcoin trading, then maybe others might follow - and I feel like this is what general public may think too.
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Sadly once again Spoetnik is right here. Most of the people who backed 'whatever' kind of ICO have no idea what they are doing. These "investors" were baited by the promise of fast money every ICO is spreading. When they realize that they need to wait for potential profit to happen, which may never occur if the ICO will fail, suddenly this picture looks not so bright. I can wait to see what Chinese ICO ban will do to the ICO scene - hopefully, we will see less of trash ICO projects.
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That's quite a strategy, isn't it? I hated his harsh words pertaining to btc being a fraud and all but I don't hate him. His words (in time with the China news) may have impacted the trend in a way. But then again, if you'll notice how happy the traders are with the recent dive you'll understand. If you're a trader then this past few days are "the moment" to buy in more. And admit it or not some of us here are happy traders too who benefitted and took advantage of the moment to buy more coins to trade for the coming weeks.
We certainly see some recovery happening, but I am afraid that current situation might be only a first stadium of series of crashes. The current crash was caused by JPMorgan and ICO Ban in China, but what do you think will happen after China will cease all Bitcoin to yuan trading activities? I am worried that we will see another wave of price crashes by October's end when Huobi and OKCoin will halt trading yuan-BTC pair.
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No wonder I couldn't find anything about vSlots on vDice main site when the only option to reach that new game is via different address. BTW why slot.vdice.io site doesn't have SSL certificate and is it even safe to test this game in its current state?
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Op, have you tried to use this link: https://support.blockchain.com/hc/en-us/requests/new?ticket_form_id=129866It is a direct way to report your problem to Blockchain support and ask them to disable your 2FA - effectively removing your phone number from your account. I am sure that some kind of verification will be needed, but I am sure that they will respond to you and fix this issue for you ASAP. Good luck.
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Btc was 4500$ about 1week sgo. But JP Morgan said it is fraud. Then it came to 3000$. Now it is 3600-3700$. I think it will go avobe 4000$ at the end of this month. What's your opinion? Banks are enemies to bitcoin and cryptocurrency. When people will realize that banks don't want to change the status quo we have. Having Fiat money around is far more convenient for the whole banking industry that embracing Bitcoin. Until Banks will develop their own form of private crypto their mission will be to destroy Bitcoin. Price crash was not entirely caused by JPMorgan statement - price declined because China banned ICOs and will ban bitcoin trading.
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Who said Bitcoin is illegal? I think Jamie Dimon said 'Bitcoin is a fraud' and China was said they will be banning ICO's and Bitcoin Exchanges in their country. No one said Bitcoin is illegal.
I am agreeing with you when it comes to a business strategy though as this Jamie Dimon guy is really a stupid one as he only says what he wants to say about bitcoin because he have a hidden plan that will benefited his own company, he just go with the flow with these China's issue regarding ICO's and he said this bad words about Bitcoin to impacts its price.
Then why they are banning bitcoin trading? It is like indirectly saying that bitcoin is not something 100% legit. If it was fine then banning anything surrounding Bitcoin (ICOs, exchanges) wouldn't be needed. The trading ban will make the situation of miners/traders/normal users much harder in China all because the Chinese government is afraid of the crypto revolution.
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