Chinese have different culture so some things are are odd or strange to us, western culture, isw for them completely normal. But they are one of the oldest cultures in the world and we have to respect this.
I don't agree with your strong language. Imagine that someone speeks like this on you
And in the Bitcoin world Chinese are one of the leading nations, don't forget that.
Chinese is not just one of the leading nations, they are the leader. Whatever metric you choose - mining power, trading volumes.... China is miles above the rest. |
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I sincerely hope that bitcoin has not reached its peak. I mean the holiday is fast approaching and people will need to buy gifts and all... let's just hope the price keeps rising.
For the holders, it makes sense if the price keeps rising. There are others who will buy bitcoins before the holiday season, to take advantage of offers on purchases using bitcoins. Too much volatility won't help them. |
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What is the 'tick' of a bitcoin price? What exactly does it measure? How is it calculated, for example, is it the average of buy and sell orders currently? Are "market orders" executed at the tick price? Google search on "what is a bitcoin tick" only leads to current tick prices or aggregates of ticks, but no info on what a tick actually is and how it's calculated. New to this so please fill me in.
A tick is usually the minimum price movement possible. It would depend on the currency you are trading Bitcoin in. For example, if you are dealing in dollars, the tick could be 1 cent. |
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Bitcoin isn't about Bitcoin. It's about the network and infrastructure, and none is bigger nor more heavily-invested. So...no. It's not close.
If you are talking about investments, there is a lot more in the blockchain than on Bitcoin-related applications. Therefore, if large corporations decide, they may just use another alt on their private blockchain. |
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Anyone else seen Bitcoin ATM in random places?
closest one to me is in boston ma, 85 miles away. long way just to see one and buy some coin  might have to do a long weekend trip there sometime to see the sites and that btc atm would definitely be on the list. There are bitcoin ATMs at Swiss railway stations now. That would qualify as a random place currently. But as Bitcoin adoption increases, it will be just another place.  |
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It is just that Bitcoin has been asserting its dominance over the last 1 week. While some new money flows into crypto continuously, most price movements are due to investors shifting money from one crypto to another. |
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I do not see much of a difference, but I do not trust banks anyway therefore I prefer to keep all my money myself  With respect to fiat, banks are insured against losses. Banks pay interest. Banks probably have better security than you can manage. Doesn't make sense to keep money under your pillow, when you can deposit it in a bank. |
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Bitcurex Forced to Shut Down After $1.5 million TheftPolish bitcoin exchange Bitcurex just posted an update announcing it will close following a hack attack several days ago — resulting in $1.5 going missing. It’s one of the bigger bitcoin exchanges serving the European market, specifically for trading zloty and also euros. https://news.bitcoin.com/bitcurex-forced-million-theft/ Not again! Last time Bitcoin was looking to break out, we had the Bitfinex hack. Now when the price looks to go beyond $700, we have another theft. Thankfully, the scale is much smaller. |
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Right now savings in banks and other investment won't give you a earning similar to the profit got from bitcoin due to the price variation that happens often. If you were in a plan to make additional earning from your savings, then surely one needs to convert the fiat savings to bitcoin.
Savings in banks is also safer than bitcoins. You won't see your savings halved in a matter of a few months. So risk appetite decides how much you should invest in bitcoins. |
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I would say it is big news. But what is their motivation? Profit? Would selling bitcoins at railway stations yield substantial profits? |
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Hi,
I would now like to leave this campaign.
Thanks for having me in this campaign!!
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I've recently begun buying bitcoins through the Coinbase GDAX exchange and selling somewhat smaller quantities of bitcoin through Circle. Since the Circle sale price for small amounts of BTC (i.e., around 1.0 BTC) is usually close to 1% higher than the last GDAX trade price, I am making a few bucks from this arbitrage opportunity (while also accumulating BTC). I have been using one bank account to transfer USD to Coinbase and a different bank account to receive USD from my Circle sells. Am I asking for trouble from one or more of these companies? Any recommendations to avoid problems?
Should I avoid sending BTC from Coinbase/GDAX directly to my Circle wallet? Does Circle know where my BTC came from?
Your bank *might* deem you to be a high risk customer, with respect to money laundering. That would result in additional restrictions on your bank account. |
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1 million to Satoshi, and another 1 million combined for all other stuff. We are looking at 2 million BTC that are never moving. So we will have less than 19 million bitcoins in circulation, probably only half of that is in "public" circulation in the exchanges, the rest are in cold storage or something.
there are many "lost" coins whenever anyone loses his private key his bitcoins are effectively lost,taken out of circulation and most likely never accessible again I think it could amount to up to 10-20% of the total number add the coins that rarely or never move and it could be some massive figure nothing to worry about,though as the market would react supply/demand style pricewise and there is no risk to run out of coins because of denomination 21mil*100mil=ALOT To add to the coins which are lost, there are coins which are 'burnt' or thrown into digital wishing wells. The only effect that losing coins has, is to increase the value of other coins in circulation. |
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Just think of the upside when the block size is actually increased. All the negativity associated with the fight would be removed. |
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I think you're wrong bitcoin is not just a currency in general, bitcoin has many functions such as investment commodities, as employment and so forth, where users can make profits by using bitcoin? bitcoin is not just a currency. bitcoin can make users get more money, which is used bitcoin to help the economy and the country's citizens
Bitcoin helps create employment, because it is a new technology. In the end, Bitcoin is money. Just as you thing Bitcoin can help users make more money, so can fiat if invested well. |
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There have been instances of companies in other developing countries like India raising large venture capital funding too. The battle seems to be shifting to emerging economies. |
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Telecommunications is actually a tricky business, because it is regulated. In many countries, telecom companies pay huge licence fees and making a call to a telephone number from the internet is illegal. |
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a picture speaks more than a thousand words.
Indeed. If there were a more succinct argument for why card companies and banks experimenting with blockchain technology is a complete waste of their time, then I haven't seen it. This image sums it up perfectly. The middlemen are pointless. By drawing attention to a more efficient system, they only hasten their own demise. They are just middlemen. They are inefficient. They are not required. The middlemen are actually using blockchain to make more efficient systems. If the blockchain makes stock settlement and delivery faster, then nothing like it. Of course, banks' core businesses which involve money transfer are going to be negatively affected by the technology. |
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As mentioned in the Press subforum, this wasn't a recent comment by the executive. Both CoinDesk and Cryptocoinnews both published this story back in January when the comment was initially made that it " sure would be nice to have bitcoin". I'm still baffled as to why CoinTelegraph have only just put up an article about it now, when it happened 10 months ago. Unless they know something we don't, it doesn't look like Netflix are any closer to accepting BTC as payment. It is ridiculous how stale news is being recirculated. The relative stability in bitcoin's price has led to a paucity of news for crypto-journalists. |
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