who cares about that. I buy the steam games via card.

it was the same with Overstock. "wow, amazing shit!" and then almost nobody used BTC for buying anything.

Bitcoin cannot be regulated because there is no central power or it's not revealed at least and that's why only the exchange business IS regulated. The question is: why the exchangers do not respect the law and why do people use these services knowing there is a huge risk?

is BTC made only for tech savvyy?

the exchangers are doing it daily. they have bots who are "working" on that

if it's too good to be true, then it probably is   . Normally, if you are sitting on 300K USD you would not be interested about an online offer.

then why he wanted to apply for a ....job?

would you set up a such reserve if you will not be forced by law to do it? as long the exchangers are not regulated, nobody can force them to do anything.

my only question is " why the fuck do i need a job while I am sitting on almost 300K USD ?(425 BTC + 30,000 LTC) "  I mean...it's not a fortune in USA or Canada or Europe but anyway...you can open a small local biz, you can do many things but not getting a....fk job  

a financial license is required anywhere, in any country. ALL the countries have laws for what the exchangers are doing. it doesn't matter if it's USA, Europe, Australia or China... All of them require financial license.

and they invested millions. they cannot recover the investment if they will only run an "exchanger". you cannot cover the monthly expensesfrom the exchanges fees if you are financial licensed...so they need to come with something else.

you must use the banks in the most important steps : funding and withdrawals

then how can someone use a such website? even so, it seems that BTC-e is pretty used...very, very odd

why would I use a shady website, no company, no location, no bank account. they are using MoneyPolo as payment processor. what give it me a little guarantee that the funds are in safe with them?

you have to add that gold market is regulated and your funds cannot be stolen. BTC is not regulated and you will always have the fear that your wallet can be hacked. you cannot play a lot of money in BTC without having this fear.

on the other hand, you can make risky investments but very attractive without using BTC. There are high risk short time investments on market and i do not refer to HYIPs. Most of the banks or licensed investment companies are offering these products; again, without fear of being hacked.

then, the fake volumes do not affect the BTC price overall? is it not that means market manipulation?

that's why BTC will never be "mainstream" but a very, very small niche. The normal persons will never use it because there is NO reason to do it. imagine that this thing would happen with your bank account. you will have the money back in matter of days; same with a debit/credit card. the normal people need the peace of the mind because not everybody is a a computer geek.

you need to focus on your business,life and not how to secure a fking computer which anyway it cannot be safe 100%. what should an average person do? reading all the news regarding to cyber security and then creating code lines and to modify the windows kernel? WTF?!

without words 


http://bitcoincharts.com/charts/volumepie/

i checked and it doesn't say where they are located, their office(address), who is the director of the company and IF they have a license for doing financial transactions.

as a major player, BTC-e should have all these listed on their website, right?

don't you want new people to use Bitcoin? how can you convince a normal person to use it? in order to use Bitcoin, you need an exchanger. What do you recommend him/her? BTC-e? BTC China?, OKcoin? The normal people wants to be sure that they sent the money to a real company. I give this example because BTC-e is one of the "biggest", they claimed to be registered in Cyprus(an EU country) which requires a financial license for their activity. BTC-e doesn't have one.  Strage, right?

BTC cannot go mainstream if the rules are not respected. BTC is assimilated with black market, hackers, drugs, etc just because the exchangers allow these categories to use their services.
Once you are licensed, it's much harder. You, as company have responsibilities. You have make a proper due diligence, you have to be sure that the money you receive are clean and so on. Look to Coinbase or Circle or Itbit who are licensed. It's not easy when you are licensed. You have to comply with a lot of things and to pay MANY others....that's why they want to change the Bitcoin... because they will go bankrupt if new people will not start using BTC.

Also, if you want to be taken as a serious company, to talk with banks(you need them and it's impossible to run an exchanger without them), you have to be licensed. Otherwise, you will change the bank account very often and you cannot develop your biz properly.

what does have Bitcoin with the exchangers? Bitcoin cannot be regulated but the exchangers can be. The exchangers are doing financial transactions and they are under the financial laws. That means they MUST have license. once an exchanger is financial licensed, it can perform many other kind of transactions not only those involving BTC.

BTC is an e-currency and nothing more. The exchangers are companies and the companies can be and are regulated by the countries where they are registered. Example : Bitfinex is registered in BVI and BVI requires a such license in order to make FX trades and financial transaction in and out an e-currency. Bitfinex is outlaw as most of other exchangers are(see: BTC China, Huobi, LakeBTC, BTC-e, Bitstamp, Kraken, etc)

This license is not only for them is for their clients too. Once you are regulated, you cannot disappear overnight like MANY exchanger did. The funds are audited, it's hard to make tricks.

I am going to make a bank. I put a website with everything(internet banking, etc) but I am not getting any banking license. It's just an website and maybe I am registering a company in Europe or BVI.

Would you use "my" bank? . I guess not.   It's the same thing with the exchangers.

who is BTC-e? where are they located, what's the company name, are they financial licensed? you should think about that before you put trust your money in?