Can bitcoins be converted into cash?
You mean like a fiat analogue of Bitcoin? But why would anyone do it? There's a certain amount of $21M of Bitcoins which eliminates the possibility of inflation. And if it will be cash - it can be indefinitely printed, so BTC will lose its value. And there will be no more anonymity. I like another tendency, making real money into cryptocurrencies, like Tether, but not vise versa. Cryptos are the future. |
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have you got any sort of exit strategy? Or are you going to hold until the day you die? If so, what's the point in having it?
This isn't an aggressive post - I'm genuinely curious as to what peoples targets / motivations etc are.
I just hold out of interest. I like Bitcoin for its features, not for its price, that's why I'm not that upset about the price. I think Bitcoin is a good investment, though. I'm going to hold Bitcoin for years just to see what happens to it, maybe it will drop, maybe increase, I just like to have it to be in the game. |
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There are so many ICOs that are flooding the market. Many look good on the outside, however I read so many conflicting comments for both pro and con.
So, I wanted to know what top 5 things to look for in a good ICO, so that ultimately I can decide the best ones to invest in.
Please share your thoughts and advice.
For me it is quite difficult to find a good ICO, even if they look good I feel something scammy, but anyway, here's the list that helps me to exclude most of the scammers: 1) Presence of good team that participated in other projects; 2) Project development and technology specialities; 3) Accurate amount of money needed to be raised, that would be enough to get project done; 4) Feasibility of the project; |
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You can operate you own fantasy sports website in a breeze with a simple wordpress plugin from FanVictor.com - Get started with as low as $297 one time fee.
Well, first of all, not everyone gamble just because they need money, people enjoy the game itself. Second of all, you need to be an experienced person to govern your own website, to provide an advertising, to hire the right people, and, the most important - guarantee safety. Not anyone can do it. |
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Now that I had predicted yesterday that litecoin will go up past 200, Expect a crash in price today. Due to Chinese new year and since everything has been going up for past 3 days, another crash is expected today as people will be cashing out.
Not necessarily, why people will be cashing out as much Litecoin, so that its price will go down? It has been descending for nearly 2 months already, and now LTC undergoes a period of stability and a slight increasing even, same as BTC. It might drop a bit though, but will recover in 2-3 days. |
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I’ve been wanting and taking my time to enter the trade game. But before I do, just wanting to know the prod and cons of having a lot of new traders coming in.
Trading is much more safer and easy to learn. I’ve been preparing myself for months now and wanted to start my journey here in bitcointalk. But like me? New Traders are comming in fast. Will it be a good sign to our world of crypocurrency? Or will it affect the competition inside?
You can't be prepared for trading, I think only months-years of experience can teach you how to behave under different circumstances and have a sober head in a panic. New traders is a good sign, it mean that demand on cryptos is increasing, but, as you said, the competition aspect takes place too, this may lead to transactions problem as well. |
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I was bought some bitcoin by sell my land.But befor some days bitcoin price getting low.in this moment i have to face some kind of loss.In this moment what can i do.
When exactly did you buy BTC? When it was at its highest?Then you can only regret that you hadn't wait and bought it now. If you bought it in the middle of falling you did just the right thing. Anyway, good for you, don't worry, it may increase by 10 times till the next year, just don't sell no matter what. |
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I guess everyone here noticed some decline (hopefully temporary) of almost all coins people used to gamble with.  Is it affecting your gambling? It isn't affecting much my gambling for two main reasons. First of all for me it is more important that Bitcoin transactions are going faster (than it used to be recently), than its price, second of all, you can always use gambling websites, where low bets are allowed, so you still won't be losing too much. |
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How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?
Please, share your thoughts. I'm a bit confused about what's happening right now.
On the one, regulations would be good for both, ICOs and coins, but I don't get what kind of regulations can reduce governmental institutions. On the other hand, if we want cryprocurrencies to become legal, so that we can go shopping anywhere using Bitcoins we would have to grin and bear govs implementations. But here comes the question: what point and uncommonness about cryptos would be then? |
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Have you ever felt that you didn't play just because you were shy? I have felt this in casinos, and I just felt the pressure, but there's no need to be because everyone just minds their own business in gambling. Probably some people even pushed you to start gambling. I just thought about this because when I tried gambling for the first time in casinos, I don't know if it's okay to sit in tables whether the game is blackjack, poker, anything in the casino just so that I just felt shy because I'm a newbie.
Have you felt this way? I don't know if playing online casinos would have that effect also. What do you think?
Yes, I always feel shy the first times doing something, including gambling. All those people, they are so cool and confident, but then you get used to it a bit. But I still may feel uncomfortable playing like this, that's why online casinos is a real rescue for such people, no distraction, pure game. |
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People believe bitcoin is backed by nothing. I think that is not the truth. I believe bitcoin is actually backed by people themselves. It is backed by none other than just you. We all witnessed the price has been fluctuating by all those FUDs and bad news. The price changes by emotion and non logical facts. I believe you hold bitcoin no matter what happened and would happen, and believe it is backed by all of us, it would make a history.  In the meaning of centralization and price control it isn't backed by a particular person or a group of people, that's what others believe in. That what you are talking about is the thing that makes Bitcoin popular and demanded, which makes up the price. |
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That's very exciting. Is is the first time Bitcoin is officially used during a worldwide event? I think it might be a great promotion for Bitcoin, especially if others will take up the initiative, who knows, maybe this year Oscars will have something associated with cryptocurrencies. |
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Although sometimes you lose in gambling but there are times you will fall on a winning stake. And as a gambler this is the most intense and thrilling part of the game. So guys tell us your excitement during this phase of your gambling experience..,
Yes, it happens. For me, it's the most dangerous time, because I suddenly forget about all the fails that I've had (certainly not less, than wins), and that's where I begin to think "finally I've figured how it works, now I won't repeat the old mistakes and gonna win a lot". And after the winning series there comes a huge fail. But until that I feel happy. |
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BITCOIN price could reach 30 to 40 times of its current value, according to co-founder of the Gemini Exchange Cameron Winklevoss. Statement of the CEO if proves true; it will make investors millionaire. Can it be true? so much increase?
If we look at 2017 year we see that, even though everyone is talking about a crash, its price has increased by 10 times! And it was 20 times not long ago. So it's logical to assume that the next year it can increase by a bigger number, due to development of awareness about BTC worldwide. And if it won't be a self-arbitrary process, then Winklevoss will buy all BTC they can to make the price higher  |
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I agree with you, but unfortunately now too much people see BTC as an income source, but not the weapon needed for freedom. They are even pleased to let BTC banks exist, so it would be closer to legalization and it would more be popular, which will raise the price. That is why BTC is not that decentralized, I mean, we can't say for sure, but for me it seems logical that all the businessmen and big investors bought thousands of Bitcoin, so now it's not govs and banks, but them, who are having the upper hand.
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Glad there are still so, I would say realistic people. Certainly it is now the right time to buy as much BTC as you can, in such situations people just need to rely on professionals' opinions, like Winklevoss, for instance. Not sure if they have a deep knowledge about BTC and how it works, but I doubt that they would invest millions in something not worthy, even if they're not professionals themselves, they definitely hired one of the best consultors. Unfortunately, lots of people think that they should know better.
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Are you looking for the real reason behind the massive declines we've seen recently?
The answer is 2 words = Interest Rate.
It is true about the interest rate, but I think there's another reason standing behind the crash: most of Bitcoin is focused in hands of rich people, businessmen, companies and they're manipulating the price. I have no proof for that, but it seems logical to me: even though BTC is decentralized, most people weren't able to afford buying it, when they first heard about it, so they have 1-2 Bitcoins maybe, the ones that new about BTC from the very beginning probably bought more and now they're rich, and companies - even they got to know BTC when it was already valuable they could afford buying a lot of it as an investing. |
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What do you feel you have learned from the crash (if anything)?
I have learned that too much people are that much obsessed with earning money, that when something goes wrong they just stop thinking, their brains turn off that function and people do things they prior to that warned against. For myself, I learned to hold, it was probably the first time when there was a crash and I didn't sell a thing. |
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Therefore, I'm asking you all guys, if there is such a thing (for BTC or whatever other crypto currency), would you guys be interested in buying/using it? and why?
Thanks in advance for you all.
--Edit:
Here are some questions that we'd like you to answer in order to help us better shape the service:
1- Do you prefer a preset amount for each card? or would you like to charge it up to your liking?
2- Would you prefer a complete online order (even if it costs you slight privacy? specially when paying non-crypto like PP) or would you prefer to complete the deal at a shop with cash in hand and no personal info required?
3- If you answered 2 with completing at a shop, would you consider being a local distributor? why? and what would you expect in return?
4- Would you plan on buying larger quantities? continuous supply? or you just buy couple cards on special occasions and forget the service for the rest of the year? as this can affect the way to get local distributor.
5- Would you trust me/us/company to have the private keys in order to make things a bit easier at your end? or would you prefer spending extra couple minutes at your end to complete the deal without me/us/company having any way of touching the money in the card? note that this choice will affect the ability to recover the funds in case the card is lost, at the expense of storing some of your personal info, so this isn't for everyone.
6- Do you have expected shape/size/dimensions for the card? it might end up a bit larger than normal cards, but will make sure the space is well used.
7- What special occasions would you like to have the cards for? I'm not that cheerful person who remembers all occasions, the ones I have in mind right now are birthdays, x-mas and new year, not sure if you'd give bitcoin in valentine (there are more suitable coins for that Wink Wink)
I think almost everything connected to cryptos has a chance to become popular. I like the idea, I would purchase some gift cards, because as for me there couldn't be better gift, than Bitcoin. 1) I think it's alright if they'd be charged, if there is a big variety of amounts. 2) Purchasing BTC gift card in shop would be super cool, because personally I would slightly trust online crypto shop. But then you need to figure something to make it worldwide. 3) Yes, because I like this idea and I would do anything to make cryptocurrencies more popular. Some percentage of a bargain, or fixed payment per week/month. 4) I would buy couple cards and see how it goes, and if it's on demand - then bigger quantities. 5) No, even though there's a risk, I wouldn't give my private key to anyone. 6) Any credit or gift card size would be ok, a bit larger size is not an issue though. 7) Birthdays, New Year, x-mas, Women's Day, wedding gift, work corporate party gift, it actually can be used on any occasions, if not as a main gift, then at least as an icing on the cake. Good luck with your project! |
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