We have seen this latest news --> https://www.rt.com/business/401183-russia-power-plant-crypto-mining/ and we also know the Chinese are doing something similar to subsidize their local Bitcoin miners, by selling surplus power to them. Why has other countries with surplus energy, not capitalized on this? Countries with surplus electricity --> https://en.wikipedia.org/wiki/List_of_countries_by_electricity_exportsWhy do they not invest in some mining farms to compete with the Chinese? The USA can manufacture ASIC's in Silicon Valley and go head-to-head with the Chinese ASIC manufacturers. I cannot see how it can be less profitable than selling your surplus energy at much lower rates to neighbouring countries.  Currently not all governments are agreeing to seeing Bitcoin as a legal currency and even globally it's not accepted as one, some countries treat Bitcoin as as illegal way of finding money to terrorists and it could harm a country global economy image, then if they would sell it wouldn't the existing electricity holders companies also demand exemptions. Plus there are not many countries who have cheap electric rates. |
|
|
|
Bloomberg: China Is Said to Ban Bitcoin Exchanges While Allowing OTC TradesI know, there were a lot of "this is FUD" posts last week, but this report is less than an hour old from the time of this post. It appears to be new confirmation of the ban. The Wall Street Journal is reporting the same news within the last hour. Would love to get others comments, especially a report that says Bloomberg is just late to report fake news. Some details from the report: While Beijing’s motivation for the exchange ban is unclear, it comes amid a clampdown on financial risk in the run-up to a key Communist Party leadership reshuffle next month. The People’s Bank of China has done trial runs of its own prototype cryptocurrency, taking it a step closer to being the first major central bank to issue digital money. And what would a mainstream news article on Bitcoin be without a presumption that this is all the hype is built upon a bubble of rainbows and unicorns. “Whenever you start to hear about Hong Kong taxi drivers becoming millionaires from buying bitcoin, you start to think this is not necessarily driven by fundamentals,” he said. “So you will get quite substantial pullbacks at some point." If you want some laughs search "china bans bitcoin" on Twitter. Fucking hilarious. About time China did it and bans Bitcoin exchanges but before we all loose control and create panic read the lines, only exchanges are banned not Bitcoins in china, that means China people yet can trade their coins internally but not through Chinese exchanges, that means within a period of time Bitcoin prices shall be back to normal, and Chinese people will find a way to trade. Now it's simple right you can't trade on Chinese exchanges but you can trade outside China exchanges and internal trading is allowed. I feel sooner or later government will create it's own exchange. |
|
|
|
The total market capitalization (market cap) of cryptocurrencies continues to grow, recently surpassing $170 billion and hitting a fresh, record high. The total market cap of these digital assets rose to as much as $172.2 billion earlier today, according to CoinMarketCap. This figure represents a more than 850% increase from their value of $17.7 billion at the start of this year. Why does this innovative asset class continue to grow? The crypto market is growing for several reasons, according to analysts. A steady supply of Initial Coin Offerings (ICOs), a rising number of funds that trade cryptocurrencies and the sustained interest of investors are all contributing to this trend. Further detail https://www.forbes.com/sites/cbovaird/2017/08/31/why-the-cryptocurrency-market-has-reached-a-new-record-high/#1813e5da4038Bitcoin works on a economic principle demand and supply, if there is a huge demand and low supply then the prices shoot up, but if supply is more and demand is less prices go down, then it is also effected by global news and most importantly China,. It has also grown cause people like this currency a lot and went and brought a lot, plus its the most secured investment ever. |
|
|
|
If China hasn't offically banned ICO's, how has such news spread so fast as if the goverment passed the law.
Why are there so many blockchain preachers of doom, why are they in this industry.
It seems as though Blockchain is under attack by those that fear transparency.
From what I have read is that Ico have been banned that's true, what happened is a big authority from China suggested to the newspaper that Bitcoin and it's exchanges were going to be banned, then the newspaper shared it and before one could get a chance the prices plumpted, then there is also a rumor that a large deal has been done, there no official word on that. So the thing I believe is Chinese spooked the market to buy it at lower prices, they have done it before they did it again. |
|
|
|
What do you think? China banned BTC? And btc price goes to 4,069$ today  You think to sell or it can rise up again, some rumors said that btc will fall down to 2000$ Its just a momentary block on bitcoins nothing much I feel, you should be patient op, it has happened before Bitcoin prices was surging up and Chinese news Brought it down, then post that it once again rallied and has been up since then, right now it's just a panic sell that's got it down, only a matter of time before it shoots up again, till then don't sell your coins and just wait and watch the bull run shall happen again. |
|
|
|
The question title have no space left. What kind of Bitcoin explanations do you want for people who got scammed from pyramiding IRL? Some company here from Philippines wants people to invest $100 get $300 for next month, then they'll do the projects like making "fish ponds", "plant banana trees", "get cheaper products and sell for high price", etc.... When the company knows their money will wipe out due to their unsuccessful projects, they'll run the money from investors without notice it. Now, you want the investor (who got scammed) to get money for free by doing bitcoin work, how will you explain how to do it? You do not invest in such kind of schemes and if you do, that's your own risk and shows how stupid one can be. All sites/companies that promise one Bitcoin or 1:3 in Bitcoins or any kind of bonus are fake, they are completely illegal and you are not supposed to follow them, now if one follows them, then all they can do is file a complaint with your authority and Google to get them banned but bedsides than that, nothing will ever really happen, if you are scammed in Bitcoins you are scammed. So be very careful that's what I can say. |
|
|
|
My bitcoins continue to tumble what I will do I have already lost just 10 $ ago by the chinese goverment to stop the operation of the ICOs and now also stop the Exchanger in China. I do not want to reduce the value of my bitcoins yet. Help me enlighten my mind. And explain to me what's happening I'm just a beginner here so I'm scared. Please do not tell me anything bad.
You need to relax first, Bitcoin is risky every one knows this. See Bitcoin prices are being effected due to news from China and that's leading to massive panic sell. Once this news passes away and people start buying it, prices shall shoot up again. Unfortunately you can do nothing about the price drop, would advise you to keep calm and not look at the prices for the time being, if you don't need the funds keep them locked, sooner we shall see prices increasing and you will have your profits back, just be patient and don't do any risky sell. |
|
|
|
Would you accept bitcoin as your salary in your profession, especially if you work in other country?
For me yes I will accept bitcoin because we can exchange it in our local currency.
Definitely a yes for me, who wouldn't agree to this? Like I would get 100$ and even after a month those 100$ would be the same, but in Bitcoins those 100$ could be 150 or 200$ depending on the rise. Then again there a risk that if the Bitcoin prices crash your could loose out money, but that's one risk I am fine taking with, I know one of my friend who works in a big accounting firm, they got a bonus of one Bitcoin a year back, amazing for them I hope all countries adopt this would be great. |
|
|
|
Is this the beginning of the death of Bitcoin? Well, the topic is now resurrecting again now that Bitcoin just experienced one of the biggest bloodbaths ever in its trading history. And this the trend right now for the whole cryptocurrency market...we are seeing waves of red all over.
No wonder the FUD community is now having a fiesta...they think that this can be the start of the end of the world...I mean the end of Bitcoin and that it can crashed soon towards the $100 price.
Are they kidding me?
Anyone who thinks this it's stupid to think that bitcoin will end suddenly, this is just Chinese fluctuations effecting the market. Today also Bitcoin price crashed to 4000$ but I feel this is a buying opportunity for all those who missed, every dip is a buying opportunity, I am buying and those who think that it will end will regret that they choose not to buy it. Every market has its up and down its a temporary phase, but I am sure Bitcoin will bounce up stronger and better. |
|
|
|
So back in 2012 / 2013 I was quite involved with the Crypto scene, and invested in a mining rig (good old days!) After around a year or so, I managed to mine LTC, trade BTC etc and had somewhere in the region of 5BTC. As the prices all started to plummet, I turned the rig to a desktop computer and stupidly left all of my coins in Cryptsy. Easily done for someone who understood the basic fundamentals of the Crypto world, but not all of the security to go with it.
I managed to recover about 0.2BTC from old wallets etc, and although kicking myself that I could have a life changing amount of money, I've come to a conclusion that I just need to build a bridge and start again!
My question to you all is have you ever experienced anything like this? How did you find the motivation to start again? And what do you think are the best ways nowadays (as i'm 4 years out of touch) at getting back to that milestone of 1BTC in my wallet?
Thanks,
This is so sad to read 5 btc with today value and ever rising prices it will increase that's a huge loss. What you can do is move on and start once more, see the motivation is the rising price and financial freedom, see if you want to earn Bitcoins it will be small but will grow as per your Rank and efforts. Enroll in a signature campaign that will help you earn some coins quickly, if you can sell some services or products then you can do that here. It will take time but stick to it and you shall reap good benefits just this time don't mess up and use a strong wallet not exchanges to store coins. |
|
|
|
Whenever i remember my bad times i remember those peoples also who lost their everything in this gambling addiction. i want to know what you think about such peoples and how they need to survive after so much losses in their life.
I personally knows some people who are in big debt and they even cant recover that debt and tries to commit suicide every time . so guys can you tell me whats the best solution for them regain their happiness in their life ?
This thread is only for those peoples opinion who faced such situations and recovered or atleast know how to tackle such situations in easy way ( btw i know its not easy )
Honestly the problem with gambling is, people forget the basic rule, only gamble what you can afford to loose, if you loose to much quit and come back later and not try and recover asap that's a bad way of gambling. I remember when I started gambling, first it was really petty, before I realized I started playing huge bets, and I was down bad, I was worried my family would find out, then I took one final bet, if I would win it would settle my losses, if I lost it was game over double the debt, Lucy won and now I don't play rash. The only advice I have is play safe and decent gambling and know when to stop, or don't gamble at all. |
|
|
|
Am I the only one who is under the impression that the price of bitcoin will plummet before day 1 or soon after?
This bitcoin fall to 2400 and the climb up to where it is now get me the impression that the whales are piling up to dump everything before day one.
Also I'm seeing a lot of people wanting to save the bitcoin for the first day thinking that Bitcoin Cash will be worth the same as the bitcoin or that at least they will make good money with it. They are not even realizing how this will devalue bitcoin.
Op had you dared to buy it you would have loved the boom, wonder how much would he have regretted his decision not to buy it, I had recommended so many people to buy and some did and they thank me even today and those skeptical one's who didn't buy it are regretting today, they do message me that looks it falling thanks to Chinese and I yet laugh knowing it shall soon boom to higher Heights. |
|
|
|
Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?
Well there are some banks who are allowing Bitcoin trade and accepting it, but not all will do one of the main reasons they won't accept is cause they can't risk being unlisted cause Bitcoin is not accepted as a legal currency. Even if your bank starts accepting it be careful if they are authorised, cause there are hardly any bank that can accept it. |
|
|
|
The Chinese government has banned some Bticoin exchange.
did they really? i can not find any reliable sources about this. only the shitty news sites. on top of it the Chinese exchanges all released statements that they are working fine like before! so where did you get this from? LOL is this the cause of the Bitcoin price down?
no, the reason is idiotic panic sell if it is true I think China is a country that can control the price of Bitcoin.
what do you think about that?
i think you are reading a lot of bullshit online and mostly from these shit news sites. and i think you need to stop it and start using your own logic. Yes the Op is partially right China is acting naughty again, how did you not find it. Here have a read. https://www.google.co.in/amp/mobile.reuters.com/article/amp/idUSKCN1BJ1USEven on Facebook I found many links that say that China has banned exchanges, but as of now there is a rumour it will, and that's caused panic which may have resulted in heavy sale. So far the exchanges have not been banned, let's assume it is good only, tired of this China stuff, every time they sneeze my coins loose their value. But if one sees through the stupid titles those links say Bitcoin is banned but so far nothing has happened. |
|
|
|
|
Leicester holds the advantage of surprise against Chelsea that is clearly struggling, I believe that Liverpool will beat city as Liverpool is clearly playing free football and city I don't know what they are playing spending so much on defense was a joke. Manchester United will again win and I don't think arsenal will win easy if they do, another defeat and I wonder if wenger will last the season. Currently it's looks only Manchester United as the most stable side Chelsea, city and arsenal are lagging.
|
|
|
|
Warren Buffet in 2014: “Bitcoin is a mirage, stay away from it”. Today Bitcoin Price Is Sevenfold Higher One of the biggest risks of being successful is arrogance. Based on your prior successful endeavors, you tend to become more and more opinionated and try bolder and bolder scenarios. One of the most successful persons in this world, Warren Buffet, made such a bold claim in 2014: Read More => https://zycrypto.com/warren-buffet-2014-bitcoin-mirage-stay-away/Like they say all that glitters is not gold, and all that buffet says is not true and right but people yet follow him madly and I can imagine all the people who would not have brought Bitcoin thanks to him, might be cursing their luck as to why did they listen to him. Then again there is one more scenario what if he just said it and brought it outside without telling anyone. He could have brought it through offshore companies who knows the richer you are more the ways. |
|
|
|
https://www.coindesk.com/us-lawmakers-seek-tax-exemption-bitcoin-transactions-600/Two members of the US House of Representatives have filed a bill seeking to create a tax exemption for purchases made with cryptocurrencies.
Back in 2014, the Internal Revenue Service declared that it would consider bitcoin (and other cryptocurrencies) as a kind of property for tax purposes. Any profits made when selling or exchanging a cryptocurrency triggers a capital gains requirement. Yet due to the wording of the IRS decision, that covers any transaction involving bitcoin, including an oft-mentioned purchase of a cup of coffee – essentially meaning that if you bought some bitcoin at $1, and spent it on a $2 cup of coffee, you would owe tax on the difference.
Reps. Jared Polis and David Schweikert, who co-lead the Congressional Blockchain Caucus, are hoping to alleviate some of the issues resulting from that ruling with the Cryptocurrency Tax Fairness Act.
Unveiled today, the measure, if passed, would create a de minimis exemption for cryptocurrency payments below $600 after December 31 of this year. Put more simply, transactions involving a cryptocurrency below that threshold wouldn't trigger a capital gains liability.
As the text of the bill states:
"Gross income shall not include gain from the sale or exchange of virtual currency for 5 other than cash or cash equivalents….[if the amount of gain excluded from gross income under subsection (a) with respect to a sale or exchange shall not exceed $600." This is simply awesome news, now this is such a nice thing all one needs to do is keep a transactions below 600$ and keep on doing transactions. Like say I am planning to buy a new plot I can send many transactions below, 600$ and get away with paying unnecessary taxes this is so good for everyone, I. Hope this gets accepted and we get more discounts on iPhone to, as I am planning to buy one soon. Will other countries follow suit, but this shall have a major impact on bitcoin prices for sure when it's passed. |
|
|
|
They all beautiful.
All that shines is only Bitcoins, gold was one upon a time a most sought commodity and it was very rich rewarding commodity but it's not anymore, over the years it's slowed down and these days it feels like it's dragging your portfolio down, while on the other hand Bitcoin is just increasing in value and has surpassed all other available commodities and stocks, gold could never have given such stellar returns. So that's why gold should not be part of the portfolio. |
|
|
|
I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
No op Bitcoin is not bad at all. Bitcoin is indeed the best, the government who bans it don't really understand how good it is. They are stupid to loose at its benefits. If you want to know how good it is, look at Japan, the way it's adopted Bitcoin is awesome, it's economy has been given a boost, people are happily trading it. There are some fears that it can be used for terrorist activities, and that's completely baseless as Fiat money can be used to. So I feel you should not care of the negative news. |
|
|
|
Guys i need your reviews about freebitco.in . I've heard its a scam but most of my friends said its worth i am confused. Anybody here
who ever tried this faucets
Freebitco.in a scam what a joke, how is this thread yet not locked down yet? Op it's not a scam, it was my first faucet site, I don't understand how in the world did you or some one else think it's a scam. It's one of the longest running facuets, it's paying us interest, every Sunday fixed payout happen. They are here to in gambling section you can talk to them, I feel you should lock this thread cause they are not the a scam and they are very reputed. |
|
|
|
|
Show Posts
