No, its not gold but oil which is a prime commodity on that country. They are in economic unrest till today and bitcoin is being used to store their wealth, becoming as a safe haven from local banks and just like Venezuela they are using it to buy things outside of their country. In response though:

https://www.coindesk.com/bitcoin-is-not-allowed-says-zimbabwe-central-bank-chief/

Now they are taking notice because bitcoin is really going up in their. Their Central Bank has to deal with it because their people just choose to park their assets on bitcoin, resulting to little money circulating around their economy.

But I would rather stay away from arbitrage though, too risky and you might end up losing. Just my .2 BTC

No one can answer you regarding the rise of bitcoin in the next coming days. We have to understand that bitcoin price is very unstable and anything can happen on the price in just a matter of minutes. And even though buying and holding bitcoin over the long haul is a great strategy, sometimes its better to sell if:

1. You need money for emergency
2. You think that the price could do down
3. You have better investment or other opportunities that you are going to seek

If you can answer that simple question then I guess you have the decision to either wait or cash it out now when the price is really high. Its really up to you mate.

If you are willing to lose that 200$ is investment then I think its a go. However, there are risk involved so please take note of that. But you also need to understand that there is what we called, good entry point, that is when the price of bitcoin is down, that the perfect opportunity get and buy them and not get them while the price is high. At least you can maximize your profit because you are getting them at a discounted price.

Another point is that bitcoin is really for long term hodl, so if you are willing to buy it and then next month will just sell it off then don't invest. Your 200$ can multiple many times if you are going to hold for like 6 months to a year. Are you willing to do that as well?

Hey, it looks like this is a new exchange that will be coming out in the market. Any ANN thread yet? Never seen one or if there is can you please provide me the link as well?

Also you are starting a ICO so its better if you have like bounties and signature campaigns so that it can reach more members here. Really hard to market a new exchange with just posting it in this thread.

Maybe I know where is the exchange located though? I see most of your post in Chinese language if I'm not mistaken. Isn't it Chinese government have been clamping on crypto's so I'm curious as to where the exchange is physically located.

Don't be too ecstatic seeing bitcoin going to $10K. We still needed $2K more to reach that goal and we don't know what the future brings. We may see another roadblocks ahead that may pull the price back again. We all love to see it one day, and I also like to see it before Christmas time or at the end of the year so that all of us can make profit this season.

I'm sure that there are tons of investors will to pour cash to the system to push the price to $10K, but we need to wait. We don't want the price to artificially pump by those manipulators because we all know that after a big pump a crash is bound to happen.

No, volatility is part of the cryptocurrencies market. And the price keeps moving along and I don't know what you are seeing but there are always small movement along. It will never be stable although at the current price of bitcoin one might think that is better to be this way.

Price swings in altcoin market is even greater than bitcoin. There are times that you will see a sudden surge of price on a certain coins and then in less than 30 minutes a full blown catastrophe ensures, causing the price to floor. So better correct your notion on the idea of volatility because it doesn't apply to cryptocurrency ecosystem.

What are you trying to put up? Can you post proof that this is legit? At least a website is a good place to start, otherwise it would be very difficult on your end to get clients here because we all do want a least a proof or a vouch before entering any deal specially with bitcoin because there's a lot of scammer out there and the fact that bitcoin transaction is irreversible.

If I were you I will put a good selling point so that at least potential customers can be enticed. I also understand that you need to transact in PM because of privacy reasons, but it will be nice having a good sell pitch. Goodluck.

Yes, a good old spreadsheet is the best way to keep all the bounties that you have joined. I've been a excel guy so for me its the best way to keep tracked of everything.


I also bookmarked or saved the URL of the spreadsheet so that I can go back and monitor it at any time. And if I see that it has already missed payment, its only rightful to call their attention.

And it continue to increase. I don't know though how long this price could go up. Although a correction is bound to happened, I just hope it will not go down as hard as we though.


You should have make a lot of money mate if you have invested when the price is $200. But its not too late, we can still have the chance to make a lot of money today. Just hodl and some patience on our end.


As I have said, we love to see the price going up, but its not sustainable and it will go down sooner or later. If it goes down, then we have to be ready to buy bitcoin as a discounted price again.

Yes, there really a huge difference from being a ordinary and casual trader to being a pro. It will take years of practice, learning the curve and few losses to be a successful one. Its not only knowledge that you need, but you need to involved as well lots of time in front of the computer and looking at the graph and studying which coin is the next big thing.

Its relatively issue for newbie to enter, but the question is, are they willing to invest time as well to be successful? And they need to understand as well that trading is not a easy quick scheme, if they think it is then trading will not fulfill their dreams of becoming rich in shortest amount of time.

If by chance bitcoin reaches $10K today. I would definitely sell some of my stash and invest on altcoins. I will invest my profit on the top 5-10 altcoins today. I won't buy shitcoins even if they are cheap. There are a lot of altcoins to invest but most of them are really for short term only, but I would pour some money where I think the coins be worth in the next couple of months.

Its really good to not put all your eggs in one basket as we say. So its better you have this Plan B or some leverage with your capital in case something didn't went as planned in either of the ecosystem.

I really love those sentiments of people here. Very bullish about bitcoin but still not forgetting that altcoins is also good for investing.

Its very obvious that bitcoin will never be embraced by Russia as long as Putin is in there. For one, they keep on contradicting themselves. Second, Putin would not endorsed anything that it can't control, not even if he has a good relationship with the founder of ETH.

And they did have their own cryptocurrency if I'm not mistaken and tax are horrible high. Do you think they target ordinary citizens to get their coins? I don't think so. My initial thought is that they are leaning towards crypto, but reading a lot of contradictory statement, and never seen any official stating the facts. I'm not surprise to find this news that they are not legalizing bitcoin in any form.

Its has been reported already that countries like Venezuela and Zimbabwe are really into bitcoin. In Venezuela where the economic depression due to politics is still ongoing as of this time, people can't even used their money because its useless. Solution? Used bitcoin outside of the country to buy goods in order to survived. I read one Venezuelan's claiming that even their bank or Central banks is mining bitcoin as well, but this is just a rumor.

On the side of the Zimbabwe, its the same, people getting oil, food and water with their bitcoins as well. You can go back about 1 and half month ago and you will see that bitcoin in Zimbabwe is an a premium. This is really a case study on how bitcoin can really help not just individuals but a whole nation in times of crisis.

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Of course everyone moves when there is money involved to a website like Forbes is a paid article. Its easy to spot a paid ads if want you see if full of garbage and just put there to promote their website or ICO's. And you should take those articles with a grain of salt.

But if it has caught your attention then I suggest you visit this forum and let more about that coin if its really worth to invest or not. Don't just rely on articles you found on website. Even crypto websites has a lot of paid advertisement like articles. But if you go look around, you will find the same articles which means it was only written to put a hype around it.

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I don't know what will be the options right now. Relocation need a lot of money to begin with and then where are you going at? I don't know what going on the mind of the Chinese government now, why the sudden U-turn, maybe because they are really afraid of what bitcoin can do to their citizens, so much freedom.


Yes, I think so but the big question is where to go? Countries with the cheapest electricity like Russia and India are not friendly to bitcoin. Only Canada is the best logical choice, but again, so much money will be involved in relocation that we don't know if ROI can be made by the miners.

This is just an excuse for the government not to accept bitcoin. And I agree, many criminals took advantage of what bitcoin can offer and then mainstream media put it to the next level. But I believed that the main reason why government doesn't accept bitcoin is that they can't really control it, the flow of money is huge, just look at the total marketcap today. Every government around the world want to put some taxes on bitcoin and cryptos because there is money in the system. They can't control and the effects of it in their economy. They are afraid that crypto's would took over their banking system, as a result they completely shunned bitcoin on the other side.

I think we already got your point here. The obstacles that you have said, like the slow confirmation time and the high fees you have to pay the miners has been plaguing us for the longest time. There's even a debate on it for like 1 or 2 years already and it looks like there's no really clear direction right now. So we really love bitcoin to really take over in the next couple of years however, it will not be the case. What we are going to see is that bitcoin as a trading instrument more than a p2p for micro transaction that Satoshi envision.

As long as the market remains bullish, we will hit $8000 anytime soon. But do always remember that there is this so called mental barrier for the traders point of view. If its goes to $8000 I'm seeing a few dumps because its really hard not to take home some profits. I have seen it before and $8000 is not an exception. Later if their is a price correction and followed by a consolidation, then we can get the $8000 hump and moved to $10000.

But its too early, we don't know what the future will bring. Most important is how we deal on the price mentality. Are you looking for a profit when we hit $8000 or just be holding as long as we can?