That's some interesting stuff , too bad it's going to launch next October ... I mean a lot of things (bad things) could happen in one year and the sooner they open the better it is for Bitcoin since I feel that their opening should have positive impact on bitcoin .
If it opens in the next October, there are plenty of opportunities to expose it as potential scam. So we have enough early warning. I would more like a bitcoin bank open in New York or London.
Post
Topic
BoardEconomics
Re: Bitcoin is Becoming a Global Currency
by
Argonne
on 10/11/2015, 21:16:18 UTC
The status of bitcoin is not clear at the moment globally. Some countries treat it as commodity, some as currency. Some countries ban it. So it is not a global currency yet. But it is becoming one.
Post
Topic
BoardOff-topic
Re: Do you actively spend your bitcoins?
by
Argonne
on 10/11/2015, 21:00:21 UTC
Some times I spend my bitcoin to do some online shopping. But that is just very small percentage of my total holding.
Post
Topic
BoardMining (Altcoins)
Re: [ANN] Stratum for Ethereum. Increase earning up to 20% compared to getwork.
I'm not sure that the proxy works correctly. Here is img... Only few shares accepted.
Your shares are accepted. It is just your difficulty level is too high. In other mining pool, you can specify your hash speed, hence the difficulty level. I am not sure about Dwarf.
Post
Topic
BoardSpeculation
Re: Will BTC reach $500 during november?
by
Argonne
on 10/11/2015, 20:18:17 UTC
The bitcoin price still has chance to reach $500 in November. But I would rather it reaches $500 in December.
Post
Topic
BoardTrading Discussion
Re: Is btc the best digital currency to be used for trading?
It's true. After spending years on the currency exchange i believe that BTC is by far the best commodity in terms of trading. A slight increase in value affects your holdings in a more significant way.
Do you mean you have many bitcoins, so the price rise will disproportional effect on your total wealth? Or do you use leverage?
Post
Topic
BoardTrading Discussion
Re: How is escrow safe?
by
Argonne
on 10/11/2015, 19:59:06 UTC
If you buy bitcoin with paypal, then there is little risk to you. But not many people want to sell the bitcoin to you in that way.
Post
Topic
BoardLegal
Re: Bitcoin will be banned ??
by
Argonne
on 10/11/2015, 19:40:31 UTC
Bitcoin is a commodity in USA, it is also treated as a property by IRS. Bitcoin is not subject to VAT as it is treated as currency in Europe.
It's going down today but I'm confident that if it's gets a little lower then we'll see another pump with prices skyrocketing to around $550.
Bitstamp touched a low of $355 today. I think it won't go much lower than $350 but if it does, people will start buying for sure. I will start buying when it goes more in the direction of $320.
It is possible the price goes lower than $300, but maybe briefly. There is no major negative new about bitcoin recently.
well we already reached the top price in my opinion it wont go anywhere more than 410 dollars the only change is negative right now in my opinion
Why are you so negative about the future of bitcoin ? In 2013 bitcoin reached $1000 without making the cover of The Economist. And it was 2 years ago.
I think we can comfortably settle for a four-digit value as of first semester of new year (Jan-March 2016) as of now. The ATH could be anywhere above that. The market is totally different than it was in 2013.
The price might reach $1000 in the middle of next year due to block reward halving. If it rises slowly, it could be even higher.