There is no guarantee about anything. I agree that Kim Dotcom is quite famous and he is very rich. But even then, there is a chance that he may run away with all the funds. Remember what happened to Mark Karpeles and his Mt Gox exchange? If you look at the older posts here, then you will find only praise for him by the experienced users. At that time, he was also having a "reputation".

It may be good news for you guys, but I don't want the Bitcoin community to receive any sort of support from the Communist terrorists. The People's Daily is owned by the Communist Party of China, which is responsible for the deaths of more than 100 million people. We don't know their real intention. Perhaps they are trying to monopolize the Bitcoin sector.

I don't have that many Bitcoins in my wallet. I want to save some Bitcoins, but the only option for me is to purchase BTC for fiat or to convert any other asset (such as gold or equity) to Bitcoin. There are not many opportunities around, where we can earn Bitcoins. The signature campaigns are low paying, and the faucets are even worse.

Why just Bytecoin? Why not Stellar Lumens or Dash or Terracoin? I don't find anything special with Bytecoin. And in fact, in my opinion, it looks like a scamcoin. A few exchanges are accepting it, but I will never invest in this particular type of altcoin. And we can't even compare Bitcoin with this shitcoin.

Right now my total Bitcoin holdings amount to BTC0.00369, or less than $10 in today's exchange rate. But if the exchange rates increase to $50,000 per coin, then my holdings will be worth almost 20 times that much. But it is still a very small amount. I am seriously considering converting a part of my assets to Bitcoin. But before that, I need to analyze whether I can afford to take that much of a risk.

Just want to inform that my rank has been changed to "Member" from "Junior Member".

Remember the last correction, which happened more than a week ago? The prices came down steeply. But after 2-3 days of stability, they went back to record highs. This means that the demand is still there, and at least a part of the demand is coming from the big fish (i.e the billionaires, hedge funds, and the institutional investors).

Two of the altcoins which come to my mind right now are Litecoin and Namecoin. As far as I know, these two crypto-currencies still command a larger user-base when compared to other major alts such as Nemcoin and Bytecoin. But the growth has remained stunted for the past 2-3 years, after showing a lot of promise in 2014 and 2015.

The exchange rates are one of the major indicators. But there are other important factors as well. A constantly rising exchange rate alone doesn't guarantee the long-term survival of a particular crypto currency. It also depends a lot on the user-base expansion, government recognition, unity within the developer community, acceptability from the vendors.etc.

Religious riots are very common in India, especially between the majority Hindus and the minority Muslims. Most of the times, beef is a provocation. The Muslims sometimes try to provoke the Hindus by throwing beef over the Hindu temples and other places of worship. This in turn, guarantees a very violent retaliation by the Hindus (in regions where they form the majority).

I guess almost all of their revenues come from the fees. Even if the daily volumes are like BTC50,000 (a conservative estimate), they will be earning close to BTC1,000 in fee (1% from the buyer and the same amount from the seller). At today's exchange rates, that comes to around $3 million per day. It is more than enough to take care of the expenses.

Congrats for all the early adopters, and the remaining users. But what bothers me is that the Bitcoin dominance has dome down to just 46%. A few months back, it was close to 80%. Altcoins such as Ether and Ripple has eaten a lot of market share from Bitcoin.

How did you converted the Bitcoins to fiat cash? Did you used Localbitcoins? I would be surprised if you had used LBC, because they also have quite stringent identification requirements. Also, what about the vendor commissions in LBC? They can be quite steep, ranging from 3% to 5%.

I really doubt whether they are accepting BTC "directly". I think that most of them are using third party payment processors such as Bitpay and Coinbase. Else, due to the volatile exchange rates, they can incur massive losses.

He paid less than 40 Sat/B as the fee. Still it got confirmed! I guess it took 6 days for the transaction to get confirmed. But it was a bargain considering the fact that I paid around 260Sat/B for my last transfer.

Ideally, there should be an option to add the tx fee, if the transaction goes unconfirmed for 5-6 days.

Quite sad to hear about it. I thought that BTC-e was one of the most reliable exchanges out there. I opened an account with them a few weeks back (just for ETH/BTC trading), and till now I haven't faced any issues. Also, I was quite happy that they didn't asked for any ID proof.

I had a lot of annoying moments with altcoin trading, although the volumes were quite small. Once I sold my ETH holdings for BTC0.018 per ETH. A few days later, the prices zoomed to close to BTC0.05, and right now ETH is trading at around BTC0.10 per coin.

Lol... the only reliable method is to save whatever coins you get, and never spend any of them. But if everyone does that, the transaction volume will go down, and the online retailers will suffer a downturn in their business.

I have a feeling that it will be better to go with the top 5 altcoins such as Ethereum, Ripple and Litecoin, rather than choosing the less known alts such as Ardor and Lysk. That said, right now a total of 36 alts are having a market cap in excess of $100 million. So there are plenty of choices around.

One of the problems which I have faced while trying to convince my relatives to use Bitcoin for international remittance is the volatile exchange rates. The exchange rates can fluctuate as much as 5% during the 1-2 hours, which is needed to confirm the transaction. Legal aspect is another issue. Most of my relatives are reluctant to use BTC, because the legal status is unclear in both the country from where they are sending the money (United Arab Emirates), and the country where the recipient account is located (India).