Chess Legend Garry Kasparov: Bitcoin Is Pure Speculation

Former world chess champion Garry Kasparov went to the Web Summit, in Lisbon, this year while representing cybersecurity firm Avast. PROTESTE INVESTE, a Portuguese investment website known for helping novice and experienced investors, managed to speak to Kasparov in an interview about bitcoin and cryptocurrencies.

In it, Kasparov revealed that bitcoin’s popularity doesn’t surprise him, and compared the cryptocurrency to “fake money” that’s “issued by governments in large quantities.” The chess grandmaster sees bitcoin as “fake money” because, according to him, about 80% of all available bitcoins are circulating in exchanges and financial markets, and are never truly used in any other industry, meaning they only serve investors.

https://www.cryptocoinsnews.com/chess-legend-garry-kasparov-bitcoin-is-pure-speculation/

My bitcoin transaction has been stuck for more than 12 hours now : https://blockchain.info/tx/1f15ef9777583192ae469a961f63d2d9be57d0d7524740ab7eb10206efd75e0a

Whats the best option? There is not enough BTC so i can't double spend. I have permission of receiver to withdraw funds if required because the receiver is still waiting for 1 confirmation.

After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!

Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.

Thanks in advance!

Like mineral gold, mining the digital currency isn’t free. For hardcore miners, the bottom line is cheap electricity. That is what made Chinese province Sichuan a bitcoin mining capital one day.

The wave of prohibitive measures taken by Chinese government against cryptocurrency initiatives in the country has recently reached miners. Today, on the 14th of November, local newsmedia posted an article, which reveals that Sichuan governmental hydroelectric power company issued a decree, where it declares energy consumption for mining operations out of law. ..https://en.bitnovosti.com/2017/11/14/chinese-officicals-ban-using-state-energy-for-mining/

Sobrang laki ng fee!!!!!

Halos $25 yung every transaction. Bakit b nagiging ganito kalaki yung fee?

marami kasi nagsasabi na babagsak na daw ang bitcoin at malalagpasan na daw ito ng bitcoin cash? sa tingin mu malalagpasan nga kaya ng bitcoin cash ang bitcoin na hari ng cryptocurrency???

For a few days.
And cheaper is a fifteen percent drop from ATH.
And still up more than forty percent in a month.
BCH has increased in price but to frame it the way you did above is very misleading.
Time will tell....

I agree that bitcoin is really for most millenials but not on the statement that it's for criminals. They are always magnifying that bitcoin is an evil tool for criminals but not considering that fiat is also used until today in ransom, drug trade and other terrible criminal activities.

If it is going to be implemented via a soft fork or protocol upgrade, I doubt if anybody will publicly voice support for it. Already bitcoin's pseudonymity causes issues for regulators. Anything enhancing anonymity won't find support from those favouring regulations.

Iran’s Central Bank Will Study “All Aspects” of Bitcoin

The central bank of Iran is undertaking a comprehensive study on cryptocurrencies with a particular spotlight on bitcoin.
In a news conference yesterday, the Central Bank of Iran’s deputy director of innovative new technologies Nasser Hakimi revealed the authority’s intent to examine all aspects of Bitcoin as a part of its research agenda. The central bank will then follow up its study with a complete review of its policies on cryptocurrencies. The central bank official highlighted “uncertainty and high risk” price fluctuations as a major concern. As is the trend of investors risking their capital in bitcoin due to ‘speculation’ that was ‘worrying’, according to Hakimi.

https://www.cryptocoinsnews.com/irans-central-bank-study-aspects-bitcoin/

I could not agree more. But then I think Segwit2X was not the last hard fork attempt and Bitcoin Cash comes out of this drama stronger than before. So we'll see more poison in crypto than before because everyone wants to benefit from BTC forks (the new ICOs) and the BCC clan wants to claim the throne. Seems like everything has to end in drama

Recovery In Doubt? Bitcoin Price May Not Sustain Above $6,500

Bitcoin is in recovery mode today.

As of writing, the bitcoin-U.S. dollar (BTC/USD) exchange rate is at $6,523, having reached a high of $6,559 so far. As per CoinMarketCap, the cryptocurrency has gained 3.54 percent in the last 24 hours.

Still, chart analysis indicates that BTC has retraced 38.2 percent of the sell-off from Nov. 8 high to Nov. 12 low. That's when prices hit a two-and-a-half week low near $5,500 – a near 30 percent sell-off from last week's record highs.

Largely believed to be triggered by the suspension of the Segwit2x hard fork, a software upgrade that might have brought a transactional boost for the cryptocurrency, investors had reportedly begun moving funds across to bitcoin cash (BCH) following its abandonment, resulting in a rally for the rival cryptocurrency.

In this way, the sharp recovery seen today has been accompanied by an equally sharp pullback for bitcoin cash, which rose more than 30 percent last week, and briefly overtook ethereum as the number two cryptocurrency by total value over the weekend.

Still, it is too early to say that bitcoin prices have found a bottom.

As discussed yesterday, the price chart analysis shows the current pullback could find a bottom around $5,000 levels. The latest chart shows the prices have moved above the key trendline hurdle, but continued gains are less than certain.

Bitcoin chart



The above chart shows:

   - The trendline from the May. 15 low and Oct. 5 low is capping the recovery in BTC.
   - The 5-day MA and 10-day MA adopted a short-term bearish bias last week.
   - The relative strength index remains below 50.00 (in the bearish territory).
   - On the 4-hour time frame, the 50-DMA has adopted a bearish bias, while the 100-MA is moving sideways (neutral).

View

   - A move above 5-day MA of $6,482 is likely to be short-lived.
   - As noted yesterday, BTC is likely to trade sideways in the short-run, before resuming the sell-off and eventually finding a floor around $5,000 levels.
   - Only a close today above $6,900 would signal a revival of the bull market.



Source: https://www.coindesk.com/recovery-in-doubt-bitcoin-price-may-not-sustain-rebound-above-6500/

This claim is not unverified anymore, it is signed by Mike Belshe, who is the CEO at bitgold, and one of the leaders of the fork.

It was announced by Charlie Shrem, Litecoin inventor, through his twitter.

Also, if you take a deeper look, you will find out that bitfinex was able to confirm the authentic of the document, and they removed Segwit2X future contracts from trading, they act like this token doesn't exist at all.
I think that it is a sure thing to say that the fork has been cancelled.

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. "
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?

https://www.cryptocoinsnews.com/credit-suisse-ceo-bitcoin-is-the-very-definition-of-a-bubble/


At a time in which bitcoin reaches a new record high around the $7,500 mark and catapults the cryptocurrency market cap above the $200 billion mark for the first time in history, Credit Suisse CEO Tidjane Thiam makes it clear that he isn’t a fan of the cryptocurrency, as he stated it was the “very definition of a bubble” while speaking at a news conference in Zurich.

The CEO expressed caution as interest in bitcoin could eventually subside. He noted that right now people are buying the cryptocurrency expecting a price rise that will help them make money, not as a store of value, meaning it is a bubble. He notably stated:

“From what we can identify, the only reason today to buy or sell Bitcoin is to make money, which is the very definition of speculation and the very definition of a bubble.”

Government regulations may mean nothing for Bitcoins UNLESS they can get hold of a mechanism that can track down Bitcoin users and/or Bitcoin transactions. This is the only way you can be assured that there is indeed an effective execution of governmental regulations. Should these regulations be managed other than that on focusing on the online world, I highly doubt there will any be resolve on the matter on hand. Perhaps I strongly believe that effectively managing the facets of how Bitcoins work is the initial step to forestall further governmental violations.

Somebody can help me about the taxes mining Bitcoins in Canada and USA. Taxes to import the hardware, income tax,  etc.