That what happened, with drug agent withdrawing the bitcoins that were owned by drug dealers is only an incident.
In my opinion, it should not lead to conclusion that bitcoin can corrupt everyone in the society.

I think that most of the precious thing may lead to bad things, because humans have desires, which they want to make true.
That is why all is up to particular person righteousness and character- if the unit is doing bad things for money, or would not hesitate to- bitcoin may easily lead to corruption.
But if someone is a regular hardworking citizen of some country, why would bitcoins make him corrupted? It is just a different form of money, instead of USD or any fiat, it is a cryptocurrency.

Exactly, and the demand raises the price a lot in the bitcoin case.
We have only 21 million coins, what is very good thing in particular, because you cannot increase a supply like fiat or gold ( by mining it ).
Also, bitcoin is easy to transfer and pretty much worldwide, when fiat is only available to transfer somewhere else by banking system or cash ( which is a dangerous option ).
Gold, is also very hard to transport, and you dont have this problem in cryptocurrency world.

We only need more and more people joining us in bitcoin to even make demand higher, and to make bitcoin more trusted across the world.

Posts like this still will be done, which is nothing special, because we are in the speculation section, so what do you expect?
That is about speculation, that we just discussing here about different behaviour of price, depends on the analysis, so what's the point?
I like to see different people sharing insights about the current market situations, because it always helps me, and im able to look slightly in the other direction.

So don't be mad about his personal view on the bitcoin price, because everybody thinks in his own way, and all he does is just sharing his perspective.

I dont get that,nobody in the trading industry says that things we have acces to and know how to use are easy to learn or get.

As a new trader you play against many kinds of different players, like big fishes or smart and old traders.
In fact, they have advantage beyond you which sets you up on a losing position


Only good cash menagement and correct exit techniques may lead you to good results, and what about rest of neccesary skills?

There are few trusted exchanges where you can send your money without big risk, because there is not a big chance that the site will be suspended in the moment when you deposit.
But the biggest concern about converting is not having access to the private key, so you should reduce the time when exchanging as much as possible.


Poloniex is probably most reputable exchange you may use, the volume is really great which means a good rates, that is why I suggest using it.

Many of my friends use also btc-e but their have many requirements and different rules, but if you live in US then it will be also a good choice for you.

First, you should not think that you will collect 1 bitcoin over time from Genesis because many times it was prooved that they are scamming their customers.

Also, the fees amount depends on the number of transactions made on your wallet, if your btc is made of thousands of transactions, you will pay higher fee which is obvious.

If you still can change your address at genesis, then make yourself a desktop wallet. You won't have to pay such a big fees probably as at blockchain.com, many of my friends have reported different problems with it so I would just choose some other wallet.

I dont get the point of this question, we have taxes in countries since ancient Rome, through medival or something, they are present for hundreds of years.

In my opinion taxes is an obvious theft, government takes the money we have earned and redistributes them to politics, poor people and infrastructure.

Country should collect taxes for army and public health service, and also for building roads and stations, but why do countries use our money to giveaway them to people that dont want to work?

I think that 2000$ level is a good target for this year considering it is over 50% rise from current price, and I dont expect something bigger in 2017, but actually the BU disaster may give up so much strength to bitcoin core that we will see it in this year.

I hope that hard fork is not going to happen, because it may cause many problems at the exchanges, and on the other sites.
 
I would rather choose SegWit if it was up to me, but it is the choice of the miners, not me.

My friend told me the exactly same thing, that I should have sell all my bitcoins before this month comes to the end.

His theory doesnt fit for me, and that is why im not going to use that "great way to generate income" because I want to hols bitcoins in a longterm, as a backup funds.

He said that within a month, btc price will lose stability and will start fluctuating mostly to the bottom, to the 950-1000$ levels.
After reaching that it will stay in there for few days and then possible bounce to 1100$, but I dont believe in such a theories and predictions, I always prefer to stay with my own strategy, in most cases the way I analyze the price action works for me.

Smartphones as you said, are becoming more like a one of the common goods, most of people have bought it because they are not so expensive nowadays.

But people may use also just regular wallets like blockchain.info or other web wallets, you can login on them through browser at mobile.

I have to say that QR codes for bitcoin are very useful, it would be very frustrating to type the address directly one by one, when you can just scan the QR code and have no problem with that.

Paying in the malls or stores with bitcoin makes sense only when you can access it through your mobile phone.

Im not a full time trader, or a very experienced one but I think that you should always set up the exact strategy, which rules you will apply no matter what.
You cannot let emotions in to the game, and if you will then you might execute the order in the bad timing.

That is why it is very important to always set up the stop loss- for example doing long btc/usd at 1150$  and stop loss on 1050$ to save the money in case of drop.
I never hesitate to close my order while the price action of the market tell me that it is not worth it to hold funds more.

You cannot say that long term holding is better than short-term trading because it depends if the price of asset you invest in, is fluctuating or not.
If the price of something is stable, then you rather want to save the money instead of risking them.
But if you want to do short-term trading, you will put your money in risk, and most important is to have knowledge and trading skills.

I would say that both options are very good solution to make up profit, however which one is the best depends on the amount of money invested.
If someone buys government debentures with 5,000,000$ he will get really nice profits from that.
But if someone has 5,000$ won't earn a lot with same debentures. That is why the trading might be a good option for smaller investments.

The feeling when you win a big sum from nothing is very pleasant for everybody, but most of the time you have to bust all your money.
I think there is no sense in doing gambling except for having fun.
If you start thinking about making profits, you will try to grasp the luck, and bigger money means bigger appetite.

I have stopped gambling about half year ago, after losing 2.1 bitcoin made up from 0.45.
Im not going to touch it again, and it is better to spend the time in work, instead of gambling online, or in casino.

The biggest problem with converting bitcoins to fiat is in not being anonymous.
Governments may easily ask cryptocurrency exchanges for sensitive data about users, and they will list transactions to particular sellers.
You can also just not tell anyone about your bitcoins, and withdrawals to fiat later but that way is risky, there is always a chance that IRS will somehow know about it.

In my opinion, the best possible way would be to just pay taxes for bitcoin/fiat transactions.
It is possible that the tax from cryptocurrencies isn't high in your country, so you can just save most of the money from the trade you made.

Listen me carefully, because your answers here are just meanless moaning.

If you want to start 100% legit cloud mining service, then you should put up here all data, which would tell us that your business is legit.
Plain words like "i have been scammed too" wont help you anything, before you proove to us that you own hardware, your company is registered, and you hire the team of individuals that we are able to check.

If you dont meet the requirements then nobody will want to invest money into your business.

Show us some photos or screenshots which have some value for us, not only letters and words.
By the way "scam proof cloudmining"? And where is that proof, sir?

Im sure that China won't let their citizens to exchange and use bitcoin without any kind of regulations and control.
They might want to create centralized bitcoin in China, just by using law that affects crypto exchanges.
If they would suffer because lack of any exchanges, how it is possible to convert them into fiat?
The only possibility would be to do it on street, personally- face to face.

The thing is that the exchange needs to be somehow connected with the banking system, to transfer the money to their customers right?
I doubt there are buildings where you can personally send btc to the company and recieve cash.

I assume that this thread is going to be deleted by moderator, but I also need to add something from me.
Posts like this happen from time to time at bitcointalk.org, which is very sad- new people at this forum may fall into a trap, and waste money for giving them to some greedy scammer.
I dont like to see more and more advertisments/thread about cloudmining sites or HYIP's because i haven't found any programme that would actually be legit, and safe to invest.

Just dont trust anyone, if you want to invest into mining company or something like that, ask for every particular detail about the people doing this, ask for photos of the hardware they own.

I must agree with you that crypto-games is a very good gambling site, they offer very attractive house edge, with insanely great speed of bets.
Try automated betting there with big balance, and you better be ready to click "stop" button, because it goes almost fast as light.

Also, their faucet system is made in a interesting way because we have many levels there- you gain more faucet claims, and more satoshi (or other currency) every level.
You may level up for reaching specific amount of btc wagered, referrals, chat messages plus investing (you need to hold them to have increased level) and obviously, loyality ( for active days ).

I have also chosen crypto-games.net, that is a really good site

And that is the best part about this, Japan is probably going to lead in bitcoin shopping, that was a great move of their government to encourage people using cryptocurrencies.
Im very glad that Japan is supporting cryptocurrencies growth ( mostly bitcoin of course ) because other countries may take this as an experiment.
If it is going to work good, then we may see even more countries following the steps of Japan to implement bitcoin as a one of a payment methods.

Anyway, nowadays it is not possible to live only with bitcoin in Japan, they support merchants adding this kind of payment, but it will take time to see this method available in most of the shops there.
I assume it will be around 2-3 years if not longer, im sure that not every company is happy about the cryptocurrencies law change in the country of the blooming cherry.

I would not suggest so fast, that the crooked police ( the ones who were caught with them ) is addicted to drugs.
They had them, thats true but it doesnt neccesarily means that they were addicts right?

Being a policeman is a really stressful job, no matter what, you see brutal and fucked up thing on everyday basis, and not every human can be mentaly resistant to see brutal crimes usually.
Going to work like this for 10 years can easily affect your mind and mentality, you need to agree that also you risk life doing your job- thats something very important indeed.


I assume that they were unsatisfied with their police salary and they were selling drugs to some people, and later got caught.
You will be amazed how often police sell drugs- the ones who have been seized before obviously, that is a great way for crooked pigs to get more money.
They dont pay for it, they just need to find some guy who has them and simply seize the drugs without writing any kind of a protocol.

Simple? Very simple.
But bear in mind that police are humans, and it is often that are not able to control themselves sometimes, and that is the reason of police brutality.