For any goods or currency, the price fluctuation basically depends on the demand-supply mechanism. If the demand is more and the supply is limited, the price will be bound to increase and vise versa.
From last two weeks, the bitcoin is receiving a lot of buying orders specially from China. Chinese people are using bitcoin to send money out of the country as Central bank of china is manipulating and decreasing the price of Yuan.
These sudden increase in demand has increased bitcoin price as well as halving fueled it.
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If not the price then what else?? The majority of the bitcoin users don't know what is blockchain and how it works.
All they are concerned about the price. The price is the only factor which makes bitcoin attractive to the mass. If it drops to $1, then so called bitcoin lovers will also start mining altcoins and leave bitcoin to die in misery.
For me the price is the only and the most important factor.
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I don't understand why people are behind satoshi and trying to know his real identity.
Use bitcoin and make profit out of it. Make your dreams come true but please let Mr. Satoshi stay alone and hidden.
Because if the real identity of satoshi is discovered, the police will be after his ass to get him arrested. I think we owe that much to Mr. Satoshi for giving us the bitcoin. Please stop speculating.
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Is anybody have an idea
There are several ways to make money from a blog. However, the blog should be active. The ways are mentioned below: 1. Advertising network (a-ads website) 2. Paid article (write a promotional review of any program and get paid for that. 3. Cloud mining monitor (similar to hyip monitor) 4. Sell ad spots But you can't just start earning money with a new blog. Your blog needs to be at least 6 months old and active.
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I heard about bitcoin from an interview of a local bitcoin miner which was published in a local newspaper. Then I came to know something amazing that money can be mined through a computer program and people are earning from it.
Then I started exploring google and various money making forums to know more about bitcoin and the ways to earn from it. That simple interview of an unknown person opened up a new world of money making for me.
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Bitcoin is considered as an alternate investment option and many people like me are just buying and accumulating. The market cap is increase due to huge buying of bitcoin and that is the primary reason behind the price increase.
However, a group of investors are also traders. So they will soon start to book their profit. Like every other trading currency, bitcoin price will see a sharp drop in price when the mass selling will happen. I too believe that the current price range of $730 is not sustainable.
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hi any one willing to help with some bitcoin im a student and i dont have any bitcoin and i want to invest in a cloud mining company can you help me consider it a loan please
Go to websites like btcjam and btcpop. Verify your identity using their procedure and apply for loan without any collateral. Asking for loan in an open forum will not be much of help and you will end up getting nothing. Instead follow the proper procedure and it will be easier for you to get loans from p2p loan websites I mentioned above. Also please remember, cloud mining is another form of ponzi schemes. The risk of loosing money is high. So invest wisely.
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In my country my government is not bothered about bitcoin and hence it is developing effectively all over my country.
I think this is the best time to make bitcoin more developed. When government will start intervening in bitcoin, people will not be interested in bitcoin business. Hence till the time government is not bothered about bitcoin, I will accumulate more bitcoin.
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That depends on the way you are writing.
If you are writing as USD, then no plural is required. But if you are writing Dollar than plural form is required for sure.
However, if you are holding 10 BTC at this moment, does it really matter on how you write it?? Enjoy with your bitcoin.
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Yes, certainly it does. I am saving bitcoin for a better future and I am sure I will be able to make my dreams come true with the power of bitcoin in future.
I have not started spending bitcoin in real life, because for my daily spending I have my salary.
I am only accumulating more and more bitcoin so that I can have a better and peaceful retired life and I believe it will impact my life in positive way in future.
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Please remember one thing, that money is not free, you have to do something to earn it.
The best way to earn more and more bitcoin is through trading and nothing else. P2p loans may give you some steady earning as well if you invest it right.
But stay away from any form of gambling and ponzi schemes. You will only end up loosing money and nothing else.
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What do you guys think it would happen if all the governments in the world declared bitcoin to be illegal? How do you think the community would react? What could be the possible solutions?
That very much possible because government will never want to distribute free money to the society. Instead they want the money and power to be retained by their politicians and government treasury. But banning a digital currency will not have much effect in people's life because, the way of earning and declaring bitcoin would be changed as per the situation. Government will loose its revenue and nothing else will happen.
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That entire depends on my payment schedule. As and when I expect to receive a payment from any source like cloud mining, trading account or siganture campaign, I check my account whether the amount has been credited to my account or not.
this way I keep track of my money and make sure that all the expected payments are received within due time. Also sometime when I notice a huge change in price, I check to see my net worth.
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Every new innovation has its positive side as well as negative side. Probably the power consumption is one of the negative factors of bitcoin.
Considering this, alternative energies like solar panel can be used to mine bitcoin. A full time bitcoin earner can install few solar panels at his home and use that power to mine bitcoin. Only one time investment is required for this and the return is life long. Miners should think more seriously about it.
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I doubt all other countries will have their own digital currency because not every country is open to experiment specially when it comes to economy.
Bitcoin is the number one and it will remain number one because of its market capitalization. It is currency standing at 11 billion which is far greater than most of the countries' economy. It is not easy to downgrade from this level. TO decrease the market cap from this level, a mass movement is required and it is very very tough to organize because bitcoin users are spread across the world.
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I am interested in this job...Please PM me the details.
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1000 BTC means 730000 USD at current price. It means 4,89,100,00 in my local currency.
This amount of money will help me to buy a 3 BHK flat and a peaceful retired life if I invest it wisely in my local economy. Someone is holding that much will be called "Ultra high net worth individual" in bank's language. I hope to ear that much someday.
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The price is moving so fast because people are pumping money and buying bitcoin like anything. Specially chinese people.
The current market cap is more than 11 billion and it is also increasing fast. The demand of bitcoin increase and hence its price.
But beware, those who are buying now, they will have to withstand with a downfall as well. When most of the traders will sell the coins to book profit, the price will come down sharply as well.
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The probability is one in a trillion. Most unlikely to happen.
However, even if it happens then the fast person to use that key will win. The second person will get nothing. Double transaction can't happen in this.
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I don't think an individual trader has the power to manipulate bitcoin price in any way. Because it is very rare to have such a huge amount in hand of an individual trader.
Another way to manipulate bitcoin price is to do negative publicity. But it is again almost impossible for an individual. Only an elite group of trader and miners can do it.
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