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Hi folks.
Just curious to know, and start this discussion. I believe this is an interesting subject.
The community that started Bitcoin was made of "geeks". Today, more and more "average Joe" are buying Bitcoin. And I believe a big part of it do it to speculate and profit from it, in the short term, middle term or long term.
But do you actually use Bitcoin, to pay for services, or make deposits/withdrawals on sports betting websites, casino/poker, or other things?
To answer my own question, I use it moderately, mainly to bet on sports (for now) but I am extra careful with the bets I place, I don't want to lose any of my investment (and luckily I have not so far).
Do you actually use your Bitcoins to buy anything, or simply hold and speculate like you would do with stocks?
Any comment welcome.
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Hi folks.
I ask the question here, any constructive response is welcome. This would be an interesting question to answer. What's the weight of Europe, today, in the global market of Bitcoin and other crypto-currencies?
Europe is apparently trying hard to regulate Bitcoin transactions ahead of 2018 G20 Buenos Aires summit.
I would like to have some hints at the possible consequences if some big regulations happen in Europe (for the record, some countries such as Ireland, UK, Malta do not agree to implement big regulations, but some others do, France for instance).
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Hi folks  I want to double check with you guys, but I think I am a bit screwed in this situation, since I am reading about Segwit2x fork to happen on December 28. My big concern is that I have 0.3 Btc in my wallet, but also 0.35 Btc deposited at Fairlay (sports betting) stuck on a bet that will be paid on January 1st. Which means I will probably be able to withdraw on January 2, but I am screwed if the fork happens on December 28, right? I mean I will get 0.3 B2X instead of a total of 0.65. I guess I am the one to blame, but I never knew so many forks would happen this year, I had no idea about forks when I bought Btc in the first place. All opinions and comment welcome. |
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Hi folks,
The reasons of the drop of price of Bitcoin are pretty obvious to me (saturated network, too high fees), but why is Bitcoin Cash price not benefiting from this? This does not make sense.
Does anyone have a clue?
All opinions welcome.
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Hi folks,
Don't know if you have noticed, blockchain.info offers now the possibility to trade from your online wallet, between BTC, ETH and BCH.
For convenience purpose, I did not bother to transfer my funds to Coinbase or Kraken, and used my blockchain.info wallet (ShapeShift is apparently the exchange service used).
Is this fee considered high? Exchanged only 0.02 BTC and it seems a bit expensive to be honest...
Opinions welcome.
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Hi folks. Lately read this article > https://www.lesechos.fr/finance-marches/marches-financiers/0301023356585-impots-les-5-questions-a-se-poser-avant-dacheter-des-bitcoins-2138454.php this is about France's position (for now) on Bitcoin and cryptos in general. I won't translate all of it, but basically main information is about implementing taxes on profits related to Bitcoin. So it seems this is the official position of France on this. This is of course better than banning Bitcoin, but right now tax administration is watching closely and is "worried" about the use of cryptos in money laundering, or when it leads to all kinds of scams. French residents are allowed to buy Bitcoin but must declare their profits, the same way they declare their taxes every year. For instance, you bought 1000 EUR and sell for 14,000 EUR, you will pay taxes on the 13,000 profit made. One thing new (for me) is that theoretically, if you buy items or services with Bitcoin, the seller should provide you a bill showing the equivalent amount in Euros (is it something done in any other country?) However, there is still nothing officially decided about the exchange operations between different cryptos and the profits coming from it. As we all know, prices can move very quickly, it is (I think) impossible to know precisely at which price Mister Smith bought Coin X and traded it for Coin Y. Taxes? There are two different situations: the "average Joe" making one or two transactions here and there, and the "professional" doing this on a weekly basis (as "his job"). The amount of taxes paid is not very precise yet but could reach up tp a maximum of 60% for the highest (very significant) profits (does not surprise me the least from France, as my home country this is both sad and predictable). How taxes will be applied? It is actually not too difficult to know when a profit is made, if the person used his bank country located in France to receive the funds. As a French citizen, this would seriously make me consider moving to Malta one day and call it my official residence. Would be nice to share on this topic your personal experience: -if you are French living in France -if you live in a country with a similar policy -if you ever paid taxes in your home country: please share your experience Any other comment welcome. |
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ALERT: INCREASED NETWORK TRAFFIC
The Bitcoin and Ethereum networks are currently experiencing record high traffic, resulting in higher miners fees and longer confirmation times for transactions.
Blockchain does not collect transaction fees. Transaction fees are paid to bitcoin miners and are determined by demand in the market for transaction confirmation. We do our best to try and provide you with the lowest possible fee that aims to achieve transaction confirmation in an acceptable timeframe. If you do not wish to pay the fee currently recommended, we recommend you check back later as fees will become lower once network activity has subsided.
See this message when I login to blockchain.info
Crazy times.
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Hi folks. Question from a newbie in trading here. Yesterday my boss told me that he saw a price of 7750 EUR on Wex, and 7470 EUR on Kraken, with obvious trading opportunities. I am a newbie, but is it too good to be true? I mean who will buy at 7750 EUR if there is a cheaper price somewhere else? Do you manage to get some earnings this way, or am I being naive? Thanks for your opinions  |
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Hi folks, Stumbled totally randomly today on this in Tainan City (south-west of Taiwan):  Found out later that this is the only ATM in Tainan, what a lucky find! And there are for now a total of 5 in Taiwan. Anyway, made my day and thought I should share here  |
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Hi folks, It is been several times on this forum I read "Bitcoin is too expensive now", and every time I reply that it is just a matter of supply and demand and nothing else. Noobs get "impressed" by the $7 000 number (or 5 / 6 000 whatever) without thinking properly IMO. This number of 7 000 means nothing if not put into comparison with all the different markets in the world. This article will save me from writing more. Please read and see how tiny Bitcoin is when compared to other markets. Enjoy, and I hope it will educate some. One last thing: this is the reason why (IMO) Bitcoin has a huge potential in price in next 5 years. This is my personal opinion and not a recommendation to buy. Regards. |
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Offer no longer available
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Hi folks, first of all, to admins and mods, I am not sure in which section of the forum this story belongs, but I believe it is important to share it. If this topic belongs to a different selection, I apologize and please you to move it. This story is told by lunokhod2 on reddit. There is the same post in the French section on this forum but I thought the English version would get more reads, so here it is. Basically, the guy gets his bank account closed by BPN Parisbas after a big transaction (pretty sure it is in France). He did not say the amount but I am assuming 6 figures would cause such decision. Discuss. |
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Hi folks,
As you probably know, a new address is created every time one received funds at his blockchain.info wallet.
The thing is: I will receive payments for the next 4 weeks at the same address.
A quick search on Google, and I read that it is not a problem, that I still can receive funds to old addresses, but then I read about private key, and I don't have one for now.
I'll receive my next payment next week on my old address. Is there anything I should do to receive these funds safely?
Any advice appreciated.
Regards.
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Hello guys,
As a newbie in the Bitcoin world, I bought my first ever BTC a few months ago. And here is the situation now:
- I have 0.5 BTC at Blockchain (no hardware wallet yet in my possession)
- I have 0.52 BTC pending on a bet at a bookmaker, this bet will be paid in January (Trump to be President until end of year 2017: Yes).
Is there anything I need to do?
The bookmaker said he will pay the bet in BTC, when it is settled (as the bet right now is very likely to be a winner).
Any opinion very welcome.
Thanks for reading.
Regards.
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Interesting article from bitcoinist http://bitcoinist.com/dutch-man-gambles-bitcoin-selling-everything-family-owns/A man from the Netherlands is betting that the value of Bitcoin will multiply in the upcoming years, and he has sold everything his family owns to make that bet. A lot of people are betting on Bitcoin becoming even more accepted and entrenched in the marketplace, even global financial institutions like Goldman Sachs. However, one man in the Netherlands is really going out on a limb on the perceived rosy future for Bitcoin. Didi Taihuttu, age 39, has sold everything that his family owned and moved them all, including his wife and three daughters, into a campground. Didi Taihuttu decided to take the plunge and invest everything his family owns in Bitcoin and other cryptocurrencies. To that end, he sold off his home, car, motorbike, children’s toys, clothes, and other family items. The Dutchman fervently believes that blockchain technology and cryptocurrency are fundamentally changing the role of banks in society. As for his decision to take a leap of faith and sell everything for Bitcoin, Didi Taihuttu said: People will say, ‘You’re crazy. But we are an adventurous family and are going to gamble for a moment to live minimalist lives. If you never take a risk, life is boring…The Internet was a revolution for information. I think that blockchain and cryptocurrency are revolutionizing the monetary system. In five years’ time, everyone will say: ‘We could have seen it coming.’ I am responding to this change now. NO STRANGER TO DRASTIC LIFE CHANGES Didi Taihuttu is no stranger to making major alterations to his family’s life. He once mined Bitcoin back in 2013 but stopped when the digital currency’s price dropped, and he sold all his assets (both virtual and real) off. He then got into Dogecoin but stopped when that currency’s price dropped as well. After his father died early in 2016, he decided to sell his business and take his family on an extended trip around the world. Everything that the Taihuttu family owned is being sold for exchange into Bitcoin. It was on this global trip that he became aware of how much cryptocurrency had ascended. He saw how many people were now using digital coins for everyday transactions, and he began talking with people involved in cryptocurrency trading. Then a friend called him and told him that his Dogecoin was now worth ten to twenty times their previous value. Once the family returned home, Didi Taihuttu decided to take the plunge and invest everything his family had into Bitcoin (but after discussing it with his wife first!). The plan is to cut back to the bare bones on every facet of their existence and bet everything on Bitcoin. Of the potential future value of Bitcoin, Taihuttu says: Our expectation is that the value of one Bitcoin will rise to between 12,000 and 20,000 [Euros] over the next three years. If this is true, then we can live for a long time like this without the pressure of needing to work. Didi Taihuttu and his family will follow the plan until 2020. So far, he sold his home for 85 bitcoins, and the price of Bitcoin did rise sharply today. It reached over $5000 and currently sits at $5443 at the time of this article’s writing. It’ll be interesting to see how he fares over the next few years, but you do have to respect a family that is willing to live in tents with few possessions over the short-term in the hope of long-term prosperity. Do you think Didi Taihuttu is smart by selling off everything or is he nuts? How far will Bitcoin go up, or possibly down, in the future? |
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Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?
All opinions are welcome.
Regards.
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Hi guys,
Just curious.
I bought a little bit a few months ago, for the first time, for the sole reason that I want to invest in Bitcoins, and get a profit after 5 years, maybe 10 years.
So I would not need to check the price everyday, as it is of no use for me. But I do, can't help it!
I am not the only one I guess.
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