1% is not a tiny amount. Given the overall size of the e-commerce market, and the potential growth opportunities, the future looks bright for Bitcoin.  It is only natural that Bitcoin's share of the overall transaction wallet increases in the future. |
|
|
|
Election Results Prove Positive for Bitcoin Regardless of personal feelings, Trump is continuing to defy expectations, repeatedly turning things in the opposite direction. Many were left feeling that a Trump victory would inherently wound the NASDAQ, but several major stocks including those of Ariad Pharmaceuticals, Caterpillar Inc. and the United States Steel Corp jumped as high as seven to 23 percent following the big announcement, closing the U.S. market higher than expected in the previous weeks leading up to the election. Bitcoin has also benefited. Bitcoin companies ranging from Digital Currency Group to ZebPay claim to have seen massive spikes in trading following the announcement of Trump’s victory, and the election results are slated to push bitcoin’s price even higher. http://www.newsbtc.com/2016/11/10/election-results-good-bitcoin/The price of Bitcoin jumped up after the results, but the gains are being slowly erased. The fears related to Trump are quickly wearing off. |
|
|
|
I think yes storing make the price slowly to increase because the demand of getting slower to increase specially if all users has good enough amount of store in each wallet.
I believe that also. When you store , the in circulation is lessen and when supply is lessen prices will go up. That is the law of supply and demand. Demand and supply vs Network effect. The more you spend, the more people will adopt Bitcoin. This will lead to an increase in prices. |
|
|
|
|
Now that it is legal, bitcoin has no more role to play than it has in the sale of any other goods.
It might remove the middleman and save transaction costs, but nothing further.
|
|
|
|
It is not just Bitcoin, all markets seem to be reacting on expected lines to Trump's victory.  Bitcoin's price is correcting now after the rapid rise. |
|
|
|
Well I think that bitcoin is designed to last forever because of the updates embeded on it to be more accessible for future updates. They maybe some new technology ahead but I think bitcoin will evolve as technology get updated. There is also these people who are dedicated in Making bitcoin up-to-date and can give the demands of its users.
Bitcoin may be forward compatible, but its longevity is decided by the users and demand. No matter what the technology is, if people are not convinced, then it is useless. |
|
|
|
I feel blockchain kind of transparent system must be the right solution for getting rid against money laundry/black economy. I believe financial experts may find many new things from this kind of moves from a government. Lets hope for any possible support for bitcoin ecosystem from this.
Sacrifice privacy for the sake of preventing money laundering? You might just open up a lot of people to harassment from tax authorities. Too much power in the hands of the government can lead to misuse. |
|
|
|
i guess average age of bitcoin user is from 17 to 25 because myself I am 19 and my friends are also in this age and all guys i know that usage bitcoin come in this age group except 1 or 2. sup my vote goes to both option 1 and 2. and logically we could also think that old guys are less interested to trending technology they loves old traditional money.
Actually people in this age group have the maximum free time, and they can use this to explore Bitcoin. Older guys get caught up with work and family pressure. |
|
|
|
Total Bitcoin Transaction Volume Surpassed US$100bn in September People seem to collect all kinds of statistics related to the Bitcoin protocol. Interestingly enough, one of the currency’s largest milestones was overlooked by just about everyone. On September 2nd, 2016, the Bitcoin blockchain surpassed the S$100bn mark in Bitcoin volume transferred since its inception. Quite an achievement for this “niche market,” and hopefully, a sign of better things to come. Statistics like these always have to be taken with a slight grain of salt, though. Granted, the Bitcoin protocol did indeed surpass US$100bn in transaction volume. However, a fair amount of those transfers come from change addresses, which somehow skews the numbers a bit. Then again, it is still a magnificent feat for a currency very few people give a chance at success. http://www.newsbtc.com/2016/11/05/total-bitcoin-transaction-volume-surpassed-us100bn-september/It is really difficult to pinpoint the actual money transfered - because of change addresses, people transferring money to their own wallets, etc. But then again, there is no denying the fact that transaction volumes have increased. |
|
|
|
- 8% in one day. Prepare to lose it all.
Sell ALL your coins! BTC is scam And just as Bitcoin bounces back, all the non-believers turn into believers. Only true hodlers are prepared to ride out the rollercoaster to reap benefits. |
|
|
|
|
I suppose there could be a lot of undeclared wealth in Bitcoin as well.
It is easier to put bitcoins in cold storage rather than try and stash your wealth in Swiss bank accounts.
|
|
|
|
|
The author says that Bitcoin has not suffered one bit due to this centralization... We can only say that until now, it has not suffered. The problem is that it will always be a Damocle's sword hanging over Bitcoin's head.
|
|
|
|
Define success. If you expect BTC ll become every day currency, this is not going to happen. If you expect it to become an important store of values, this has already happened. So I d say it has already positioned itself as a very important financial derivative.
 I was going to ask this... "define success" For sure we can see a lot of people here trying to be rich with bitcoin and what they are doing? colecting cents on faucets, investing on ponzi schemes, for me that's not success... The cents collected from faucets/signature campaigns can be worth quite a bit in the future. If you resist the temptation to sell them now, Bitcoin may play a role in your success. |
|
|
|
the truth is this has been "news" since 2013. Probably true to be honest. I don't think there has ever been a time where China wasn't pushing for something like this, and chances are it's been on the drawing board since people started to really get involved. They have tried to prick the bitcoin bubble before. The Chinese government hates bubbles - people become disappointed when bubbles burst, and their ire is directed towards the government. |
|
|
|
Bitcoin Eyes $13 Billion Market Cap; The Trump and Hillary EffectBitcoin price received a much-needed boost in the recent days due to renewed interest in the digital currency among Chinese investors. Recent reports have indicated high chances of continued capital outflow from China, which is increasing year on year. As the Chinese population continues to look for alternate modes of investment and fund transfer that can overcome strict capital controls, Bitcoin presents itself as an ideal solution. http://www.newsbtc.com/2016/11/02/bitcoin-price-eyes-13-billion-market-cap-the-trump-and-hillary-effect/ Did we even manage to reach $12 Bn? Before we did, all hell broke loose on the Chinese news, and the big dump happened. This article was way too speculative.  |
|
|
|
|
It is best not to look at Chinese volumes, because zero transaction fee trading can inflate volumes.
Coinmarketcap gives the daily volumes at $100Mn, a far cry from the $5Bn mentioned in the article.
|
|
|
|
localbitcoins weekly volume 280 btc? either the population has suddenly reduced to a few thousand or this bullshit.
i'm getting tired of these dumb articles trying to find epicness where there is none to be found.
and if you did have bitcoin why would you sell it for bolivars? you'd need a truck to pick up the cash.
So you are citizen from Venezuela ? Local bitcoins isn't the major exchange in Venezuela there are many with better trading volume like SurBitcoin, Bitinka even Xapo .Maybe you think ok 220 btc is not much but with the inflation in my country that is a Lot of money righ here. and why 220btc is decent here,because our goverment have hard regulations with fiat money like dolar, and euro. but you have reason when you exchange bitcoin for Bsf you need a truck to pick up the cash. https://coin.dance/volume/localbitcoins/VEFPeru has next to NO Bitcoiners. Hardly anyone has ever heard of it, and last I checked a mere TWO or businesses accepted it... My problem with the Venezuelas (etc.) adopting BTC on a large scale is that an economy still needs an "endpoint" in the BTC Ecosystem there. What can you BUY with BTC there? What can those who accept your BTC then buy? Granted, this is still a "chicken-and-egg" problem, but that really seems to be a barrier to larger scale use soon. And a country banning BTC can indeed shut down the BTC for products in a country! An exception (I am sure there are many exceptions to my above comments) is that the relative rich can have much of their wealth held intact with BTC. It doesn't have to be the relative rich, who store their wealth in Bitcoin. Apart from being a medium of exchange, money has to be a store of value. Bitcoin can perform that function in Venezuela. |
|
|
|
Man fraudulently used woman’s credit card to buy bitcoin
Tokyo Metropolitan Police have arrested a 33-year-old company employee for fraudulently using a another person’s credit card to purcahse the bitcoin virtual currency, reports TV Asahi (Nov. 3). In January, Ryota Fujii, 33, allegedly used a credit card and photograph of a driver’s license of a woman in Shizuoka Prefecture to purchase 600,000 yen in bitcoins and establish an account in that person’s name. http://www.tokyoreporter.com/2016/11/03/tokyo-cops-man-fraudulently-used-womans-credit-card-to-buy-bitcoin/The crime was done in January. Price of Bitcoin was $430. Now it is hovering around $730. He can offer to pay the women 1.5 times of what was stolen. |
|
|
|
We just crossed $700 and people feel that $800 is imminent. Even media articles seem to resemble the speculation section of this forum. |
|
|
|
I never knew this. Considering its been one year since this article, it's really good to know that Bitcoin is being used for all purposes. This is amazing hope more shall follow soon. The article is a year old and it seems more like a publicity stunt. They are using a payment processor to accept/convert bitcoins into fiat. |
|
|
|
|
Show Posts
