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If the gold value was based on what it takes to mine it then the price wouldn't be so high. After all, they use slave children to mine and pay the families peanuts. There are several but the most significant parameter is the quotation established by the "fixing".
If the volatility is not something that people can handle then the cryptocurrency market is certainly not for them. Because there is not a lot much more volatile than cryptos
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What sites have you tried so far? The most important thing to know is what method to do you accept to use? Because some websites are more convenient than others when you use a bank account or a card.
Have you taken a look at LoacalBitcoin? It is a website similar to Paxful and you may find a better opportunity there.
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Since banks profit from fees and blockchain will kill fees, my guess is banks will be negatively impacted.
Some banks are already stepping into the blockchain world.
But blockchain will not bring back the profits as otherwise.
Any thoughts?
Apologies if this is not the right place to discuss.
Thanks in advance.
Banks don't make much profits with fees, at least not as much as before. You also need to consider that banks offer services that blockchain/cryptos can't, such as insurance, loans, saving account, investments management etc. Most bankers have a profit from each product sold. Also banks going into the blockchain do it as it can reduce the costs to operate, they don't do it much for security or because it is swag |
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The idea itself is interesting but some things are confusing to me. So the browser extension is something similar to LastPass, Roboform, etc? The difference it each time the user needs to scan a code right?
But don't you think the average user will be annoyed to use this smartphone multiple times daily? While for example with LastPass you just click a button in your browser.
Would not it be more convenient if, for example, it works with a session, for example, you scan a code and a session is active for let's say 3 hours and then there is no need to scan for each website.
I think this kind of app can be popular, I suggest LynxPass, LynxKey, Lynx as a name
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This is like this with a lot of exchanges (surely all) Your BTC address (the one you got under funding>>BTC) act like an alias of the wallets owned by kraken, if you want to make a comparison. When you buy bitcoins they credit your account, not your wallet.
As Zazarb told you, you have nothing to do, the bitcoins are truly your (theoricaly speaking)
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You can say that Litecoin doesn't have a potential but still, the price increased by ~20 in 6 months about. Bitcoin never did this. Litecoin is not a crypto to make a profit in a short period of time, it is the type of crypto that you keep for at least 1-2 year.
If you were thinking about a short-term plan then it may be better to sell your litecoin, but for the long run, keep your coins, forgot about them and come back to see after a few months.
If I were in the shoes of the OP, I would have split my initial investment in more cryptocurrencies, from 5 to 10.
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When you pay in cash you usually get a receipt.
Usually aka 100% times in a civilized country and not in a 3rd world slump.
That is your proof you have paid and this is how things work fine for ages in Europe.
If the cashier is handing you the wrong change and denies taking your money you can of course call the police and have the cash in the machine searched and counted. We have a law in place here that while working as a cashier you are not supposed to have more than the equivalent of 5 euros on you.
I live in what you call a civilized country and not from Tier 3. And you don't get a receipt everywhere, today I bought cigarettes no receipt, then I've been to the bakery and butchery still no receipt. In the daily routine, I get a receipt at the supermarket only. If you think the police will come to the supermarket because the cashier did an error or something like that then the police has maybe nothing to do in their office, because so far if you try here they will just laugh at you. Yes, cryptos resemble cash. But:
- You don't use cash (or gold) for large "unattended" transactions. Do you buy with cash a 1000 usd / eur product in a dark alley when nobody else is present? In a transaction with other witnesses where the seller claims "You haven't paid for this" I can ultimately seek protection by law. I cannot say this is my banknote but I can try to prove that I have paid.
- You cannot use cash or gold for not face-to-face transactions.
You don't use gold to pay a transaction, I was referring to the old time when money didn't exist. Why couldn't I pay a $1000 product if nobody is present, I don't need a witness. I make a deal with someone the person sign a letter confirming he sells me this and that and that's it. |
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We can , One exchange just proved it to me . I sent them numerous address and they told me which wallet/exchange the address belongs to .
They do this to not to send BTC to darknet and blacklisted addresses. So i am being curious that how it works.
They surely checked Walletexplorer https://www.walletexplorer.com something that everyone can do, you just need to enter the BTC address. However, you can find only wallets related to exchanges, web wallets, pools, gambling sites. But you can't identify a wallet software (unless you find it on the www like for example the owner posted in publicly of course) |
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in your country income from bitcoin taxed? state the country
In my country Bitcoin is barely known by people. Also in governments laws Bitcoin does not exist, so how can I pay tax for something that they never heard about? Even if I would want to pay taxes from my profit made with bitcoin how am I going to proof where I sold my bitcoins and how much is the profit? I need a receipe for that but maybe I am doing exchange with a person, not a company. Bitcoin is not yet know by governments, so paying taxes now for bitcoin is a donation from my opinion You are responsible to keep track records about your activity with bitcoin. What and Where you buy/sell etc. And don't say to your Taxes offices you didn't know because you are supposed to know and it's not an excuse. Also, any income if supposed to reported into your taxes report, so no matter if it is with bitcoin or not, you are supposed to report any income. |
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It's very ironic how something so centralised is showing interest in something created to battle the very essence of banking systems. Having spoken to people in finance almost all have had negative things to say about Bitcoin and most have said it's a bubble waiting to burst. This is definitely good news. Even the banks know BTC's worth and regardless of their motivation for trading it, this definitely helps widespread adoption  It will end like with JP Morgan, they will create their own pattern and their own crypto-based project and will claim to have THE invention of the 21th century. While it's true all have a negative opinion about Bitcoin, most of them find the Blockchain technology interesting and useful for the banking systems. It's why I say blockchain has more potential than Bitcoin. |
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There is a dozen of websites like you are looking for. Basically, you load your account with Bitcoin, it gets converted to $,£ or € following their internal rate, then you transfer the money to your card, it is instant to load your card. If you go to the "service discussion" section you will find several topics about it.
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Not every country is eligible to be able to withdraw Paypal funds to a card (no matter the card). Only some countries can. So it's best to check the Paypal bible before trying to do anything, because if you discover it during the last moment then you have wasted your time.
To add to the posts above, you can only do it if you're verified with the card provider to meet the KYC/AML policies
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I'd heard good things about Xapo and a lot of the review sites speak of them very highly
Any reason to doubt the good words?
Xapo is not very well reputed for their outstanding support given to users. If you need help or have questions and can wait several days or weeks to get a reply, or maybe none, then you're good to go. But if a day you have a problem with let say, money on your card but your card doesn't work anymore and so your money locked in your card. You would prefer having a customer support that cares about its users |
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Bittrex does this on a regular basis and their policy is as meaningful as dirt.
They are in possession of your property and are willingly and openly refusing to return to you what is rightfully yours.
Their policy is a despicable justification of Grand Larceny. and will not stand in any court of law.
The coins/ assets are not lost and technically don't need to be "recovered"
The recovery process takes less than 5 minutes, yet they refuse to provide the right assistance and support to their users/clients.
This tells you a great deal about the kind of people who work at Bittrex and how little they value and care about their clients.
Bittrex need to be made aware that they are not within any right to do this and must return that which is not their's to the rightful owners.
It may be time to petition against Bittrex and i call for this motion.
John
No, it can't be done within 5 minutes. It requires someone working on it and huge resources for "maybe" be "able" to recover. It doesn't worth their time in terms of ROI, (especially since it is not their error but the client). It's like why would you help someone having his 2 cents coin stuck in a machine if a 2000$ tool is needed to perhaps help the person? If it was so easy then all exchanges would offer this solution free of cost. |
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Not agree with you on this point. Otherwise, let me ask you. When buying something and you pay with coins/banknotes, how are you protected? You can't go to the police and the bank and say my banknote has the number #xxxxx printed on it. As of today, it hasn't been a problem to spread this method of payment. Same thing when gold was used to trade
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So I want to ask the bitcointalk community what kind of articles you would like to receive? Maybe topics you are interested in but that are not discussed much in the internet?
You should follow the purpose of this CMS, since you are using a Wiki, make it as it should be. If you are going to write an article "how to make your ico step by step guide" etc, then better for your business to make it as a blog, using WordPress or whatever. It fits better for a blog than a wiki. As a wiki reader, it's not something I am looking for. I hope you see my point. =) I understand what you are talking about, but the major format of our articles is wiki though. We are just thinking how to make it more interesting and useable. And we are still looking for the character to differ from all over resources. I'll send you a link for feedback when we will finish =) Sure, I will be waiting for. |
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Yes, the value is increasing again but the question until when? When will see the next drama-fud-fake news stories that everyone will believe and start to sell in the same day? When you see the price can be manipulated with a single article or a single tweet, I am puzzled.
And as I am thinking this month will be similar to what we saw in July, I expect to see the price failing this month below the $4000
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Ok, then there is something confusing me. To be able to recover an Electrum wallet the user needs the seed phrase only? With 2048 words it's easy to recover the seed of random people? With 2048 how many different seeds can be generated? I tried to install Electrum and set a password, I don't remember if I had the choice to use one. This password is need as well to recover a wallet?
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If you learn about her, I don't think you will say you "admire" this woman. Google about the bank Crédit Lyonnais and Bernard Tapie for the sale of Adidas and why the French state had to pay over 400 millions € to Tapie (using the citizens money of course). Maybe the biggest financial/political drama in the republic story. Accused for "Fraudulent alteration of the truth" "Embezzlement" and "negligence", and how she has been surprisingly declared "innocent"
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You don't have to choose a fee, Coinbase does it automatically since sometime now. You found an old topic on their FAQ. The fees set by their system is far enough (and sometimes too much high than it coule be). Sometimes transactions take more time than others and sometimes Coinbase has delay doing the transactions. There is nothing that you can do other than to wait.
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