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Showing 20 of 737 results by Marlo Stanfield
Re: Indian Banks Closing A/cs of Customers Who Buy BTC
It seems like lots of banks are closing accounts for crypto related activity all over the world. If it continues like this and more and more banks keep doing it, it could slow down the growth or at least have a sort of chilling effect on it.
I plan to offer an electrum bitcoin payment address to an online shopping cart for services rendered. Roughly once a week forward the coin in the wallet to an exchange and cash out. I am not so much interested in playing the high/low market strategies for bitcoin, mainly collecting payments and cashing out.
What is the best way to do this? Should I do it daily, weekly, monthly? is there a preferred exchange for businesses? Are there any other considerations?
What is the best way to do this? Should I do it daily, weekly, monthly? is there a preferred exchange for businesses? Are there any other considerations?
I think you might be underestimating the amount of issues involved in payment processing if you're planning on integrating conversions to regular currencies like USD/EUR ect.
Most people are poor investors in anything from stocks to education, to family and friend selection. Fact is bitcoin has been dipping off and on for a decade only to suddenly make new impressive highs.
Simply look at a graph at bitcoin prices over the last ten years and be a judge for yourself.
Don't "buy the dip" and stay poor. There remain plenty of jobs at McDonalds and similar low paying places where you can settle comfortably drinking beer in front of your television at night.
Simply look at a graph at bitcoin prices over the last ten years and be a judge for yourself.
Don't "buy the dip" and stay poor. There remain plenty of jobs at McDonalds and similar low paying places where you can settle comfortably drinking beer in front of your television at night.
The fact that it's a decade old already and global scale really does change the proposition though. The upside potential simply isn't the same as it once was just due to the fact that the global economy itself isn't unlimited.
Quote
7. Bitcoin is not totally untraceable even with the use of VPN
Well yeah. This is especially true since it's a completely public blockchain. Once addresses are linked it's not too hard to unravel in most cases.
Meh, Microsoft announced they would accept bitcoin and that did nothing for the price.
From what I remember in like 2013 or so that actually caused a noticeable drop because all of the payment processors just insta-sold BTC to USD at the time. So the market expected some sell pressure presumably.
Yet another good news toward mass adoption. To add to it, a cryptocurrency friendly country, Japan, will be launching it. Hence, we can expect great things from it.
I dont think this news has been able to push the price of Bitcoin in anyway. I hate to sound a little bit pessimistic here but that's my truth. Japan is a known bitcoin friendly country. I don't think any news coming from there will impact majorly on bitcoin. We should be having positive news on bitcoin from sworn bitcoin enemy countries if we are to get the mass adoption we seek for bitcoin.Bitcoin would have to be tiny really for news about just another exchange to really move the price. Maybe some years ago it would. But these days the market is much bigger and more mature I think.
Re: Bitcoin is 'useless as a payment mechanism and ridiculous as a store of value
Bitcoin is 'useless as a payment mechanism and ridiculous as a store of value,' ex-PayPal CEO says
Bitcoin will continue to fall, because "there's just no value there," former PayPal CEO Bill Harris told CNBC on Tuesday.
"The cult of bitcoin [makes] many claims that it's instant, free, scalable, efficient, secure, globally accepted and useful it is none of those things," Harris said on CNBC's "Fast Money."
Harris, who is also founder of Personal Capital Corporation, came out swinging against bitcoin in an April op-ed in which he called the cryptocurrency a "colossal pump-and-dump scheme, the likes of which the world has never seen."
Harris said Tuesday that bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."
"We've got digital currencies. And we've got digital currencies that are more stable, more widely accepted and have intrinsic value. We've already got it it's called the dollar, the yen, you name it," Harris said.
The former financial technology CEO's primary concerns about bitcoin include its slow transaction time, scaling challenges and volatility, which "alone makes it useless as a payment mechanism and ridiculous as a store of value," Harris said.
"There has to be something underpinning it," he said. "Bitcoin makes no revenue, no profitability."
Bitcoin climbed more than 1,300 percent in 2017 to nearly $20,000, then lost almost half its value in the first three months of 2018. Bitcoin dipped below $6,000on Tuesday for the first time since June, before paring some losses to trade near $6,114 as of 6 p.m. EST, according to CoinDesk.
Some cryptocurrency enthusiasts and investors have attributed the sell-off to kickback from Securities and Exchange Commission activity. The SEC moved to delay a decision on the VanEck SolidX Bitcoin Trust ETF on Aug. 7, after it rejected a separate ETF proposal from Cameron and Tyler Winklevoss on July 26.
https://www.cnbc.com/2018/08/14/ex-paypal-ceo-theres-just-no-value-in-bitcoin.html
The real question is what is he receiving to make those kind of claims? I am sure that a person like him is smart enough to see that bitcoin has problems like any new technology but that it is slowly solving them, this tells me that he is being intellectually dishonest about this, but it does not matter at the end we are going to be proven right and he is going to be proven wrong. Bitcoin will continue to fall, because "there's just no value there," former PayPal CEO Bill Harris told CNBC on Tuesday.
"The cult of bitcoin [makes] many claims that it's instant, free, scalable, efficient, secure, globally accepted and useful it is none of those things," Harris said on CNBC's "Fast Money."
Harris, who is also founder of Personal Capital Corporation, came out swinging against bitcoin in an April op-ed in which he called the cryptocurrency a "colossal pump-and-dump scheme, the likes of which the world has never seen."
Harris said Tuesday that bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."
"We've got digital currencies. And we've got digital currencies that are more stable, more widely accepted and have intrinsic value. We've already got it it's called the dollar, the yen, you name it," Harris said.
The former financial technology CEO's primary concerns about bitcoin include its slow transaction time, scaling challenges and volatility, which "alone makes it useless as a payment mechanism and ridiculous as a store of value," Harris said.
"There has to be something underpinning it," he said. "Bitcoin makes no revenue, no profitability."
Bitcoin climbed more than 1,300 percent in 2017 to nearly $20,000, then lost almost half its value in the first three months of 2018. Bitcoin dipped below $6,000on Tuesday for the first time since June, before paring some losses to trade near $6,114 as of 6 p.m. EST, according to CoinDesk.
Some cryptocurrency enthusiasts and investors have attributed the sell-off to kickback from Securities and Exchange Commission activity. The SEC moved to delay a decision on the VanEck SolidX Bitcoin Trust ETF on Aug. 7, after it rejected a separate ETF proposal from Cameron and Tyler Winklevoss on July 26.
https://www.cnbc.com/2018/08/14/ex-paypal-ceo-theres-just-no-value-in-bitcoin.html
I think for the most part it's true that Bitcoin itself is pretty bad as a payment system. Perhaps something can be built on top of it with Lightning, but leveraging that and actually getting some good for the consumer is still a huge question mark when you live in a word where people can get cash back and protection using a credit card or Paypal.
Hello everyone, Today i'd like to share my story.
So in 2017 in sept, I first mined some electroneum coins and they were worth like $200 later, I as a student couldn't afford to buy Bitcoins for trading or holding, So mining did helped me ETN was a good coin, i would mine like 50 a day and it turned 20cents each, I got addicted to crypto and trading but i was scared to trade and lose those 200$ because then i'd have nothing, So from Sept to Nov, i'd just watch graphs and look at coins, Watch videos, try to learn trading and everything and in December i started trading and you guys know what happened at December 2017, But i was prepared so my $200 turned into like $150, still a loss but anyway.
But it went like this and i kept trading and everything, and i was in love with it...... Sadly in my Exams, I failed 3 papers in total 5... Because of Crypto, it takes you away from Real world, So i was disapointed because of it.
Now i trade carelessly without emotions, and i went above $200.. I saw many times and now experience told me its true that trading is 10% skills, 10% luck, 10% patience and 70% emotions....
good luck and enjoy your lives and don't ruin anything.
Edit: I still have high hopes from Crypto and i think this will change my life and i'll be not worrying about Studies later, But like people say "Don't put everything in one Basket" , so always have a backup. Study is my first priority and Bitcoin can be my side struggle and with luck and hard work, i might not have to worry about studies then.
So in 2017 in sept, I first mined some electroneum coins and they were worth like $200 later, I as a student couldn't afford to buy Bitcoins for trading or holding, So mining did helped me ETN was a good coin, i would mine like 50 a day and it turned 20cents each, I got addicted to crypto and trading but i was scared to trade and lose those 200$ because then i'd have nothing, So from Sept to Nov, i'd just watch graphs and look at coins, Watch videos, try to learn trading and everything and in December i started trading and you guys know what happened at December 2017, But i was prepared so my $200 turned into like $150, still a loss but anyway.
But it went like this and i kept trading and everything, and i was in love with it...... Sadly in my Exams, I failed 3 papers in total 5... Because of Crypto, it takes you away from Real world, So i was disapointed because of it.
Now i trade carelessly without emotions, and i went above $200.. I saw many times and now experience told me its true that trading is 10% skills, 10% luck, 10% patience and 70% emotions....
good luck and enjoy your lives and don't ruin anything.
Edit: I still have high hopes from Crypto and i think this will change my life and i'll be not worrying about Studies later, But like people say "Don't put everything in one Basket" , so always have a backup. Study is my first priority and Bitcoin can be my side struggle and with luck and hard work, i might not have to worry about studies then.
Think about how much future income you may have cost yourself for such small amounts of money. If you do the math you'd probably see how silly it was to bother playing around like that.
Re: You want the bear market to stop? Here are some things you can do :)
You are right. Bitcoin today has such a price and popularity thanks to people who believe in its future. In the crypto-currency community, one should be guided by the rule,, if not I who then,, A large number of ICO startups already now need a blockchain of developers. I think this is the most demanded work for the near future.
There's not a whole lot of substance behind all this 'blockchain' stuff. Bitcoin is great and useful. But there's often no justification for using a blockchain in many of these projects. It's just a buzzword used by people trying to cash in.
Can you stop calling Bitcoin an investment?
This damages the cryptocurrency. Bitcoin was not created to become an investment. Before Bitcoin, there were some digital currencies years back, the goal was always to be able to create a (digital) currency free from central banks and governments.
Cypherpunks and other anarcho-capitalists are at the origin of this idea, perhaps 20 or 30 years ago. None were intended to make an investment to be rich quickly.
You won't find in the white paper "investing" mentioned, you won't find any post from Satoshi mentioning it
Considering Bitcoin as an investment, this is the reason why we have more and more regulations, G20 summits and others craps, KYC, etc...
The word "Crypto-assets" didn't exist before, why did they create it? Because you even consider it an investment, then why shouldn't they?
Bitcoin could be a lot more accepted and used by now. Why should a merchant agree to be paid in Bitcoin? He wants money, not a piece of your investment.
You're not even investing, you are just gambling with money.
Go to the altcoins board, you will surely find plenty of ICOs where you can say you invested in. I have something for you, ICOs used to raise money are no different than "Crowdfunding". If you want to invest then there are a lot of Crowdfunding websites where you can invest in real startups with fewer risks, (you won't find any project using photos from Pixabay...)
Why don't we see cryptographers anymore? Guess the reasons
Yes this is true , not only btc but for any crypto you can not call it investment. I also noticed that many ico projects use the word 'Contributor' instead of 'Investor '.This damages the cryptocurrency. Bitcoin was not created to become an investment. Before Bitcoin, there were some digital currencies years back, the goal was always to be able to create a (digital) currency free from central banks and governments.
Cypherpunks and other anarcho-capitalists are at the origin of this idea, perhaps 20 or 30 years ago. None were intended to make an investment to be rich quickly.
You won't find in the white paper "investing" mentioned, you won't find any post from Satoshi mentioning it
Considering Bitcoin as an investment, this is the reason why we have more and more regulations, G20 summits and others craps, KYC, etc...
The word "Crypto-assets" didn't exist before, why did they create it? Because you even consider it an investment, then why shouldn't they?
Bitcoin could be a lot more accepted and used by now. Why should a merchant agree to be paid in Bitcoin? He wants money, not a piece of your investment.
You're not even investing, you are just gambling with money.
Go to the altcoins board, you will surely find plenty of ICOs where you can say you invested in. I have something for you, ICOs used to raise money are no different than "Crowdfunding". If you want to invest then there are a lot of Crowdfunding websites where you can invest in real startups with fewer risks, (you won't find any project using photos from Pixabay...)
Why don't we see cryptographers anymore? Guess the reasons
Over time the SEC or other authorities are going to catch up with a lot of these hucksters I'm guessing. Clever wording is going to be pretty unlikely to save them.
Re: Will Bitcoin Accelerate the End of Fiat Currency?
Many people still hold traditional banking system which provide fiat and they still not take the digital currency as common currency. If it able to take their interest on it by improve and adopting some factor then it will be able to replace fiat totally.
Seems pretty unlikely that it is going to really replace it. They both have advantages and disadvantages. With a free flowing liquid market between both instruments, there's really no reason they can't coexist.
The uncomfortable fact that the whole cryptocurrency ecosystem seems to be tethered to Tether is pretty disturbing. If a USD backed crypto token is so needed, it raises a lot of questions about the long term viability of the whole ecosystem.
Hi,
Anyone else learn about CZIP.ORG ?
It's described as crypto archiver and offer users to archive and crypt their files/folders, and then decrypt using Cryptocurrency Payments !
Is it innovative idea for you ? Bad or Good thing for crypto community ?
A ransomware friendly software for commercial use !
Anyone else learn about CZIP.ORG ?
It's described as crypto archiver and offer users to archive and crypt their files/folders, and then decrypt using Cryptocurrency Payments !
Is it innovative idea for you ? Bad or Good thing for crypto community ?
A ransomware friendly software for commercial use !
Pretty interesting idea actually, lol. I don't see that many reasons to use it, but i'm amused by the idea that someone look the idea and created this sort-of ransomware as a service thing.
Well, there was suggestions of price manipulation last year, which may be part of the reason why Bitcoin managed to climb to $20,000 to begin with, this might not have been the natural level it was supposed to rest at. Right now, we're still up in terms of value compared to this time last year, so only those that bought in at over $7,000 have something to complain about.
Cryptocurrency is extremely new, 10 years in the grand scheme of things is just a moment, so Bitcoin and other cryptocurrency can be forgiven for not blazing the trail like people thought they would. These things take time, they take trust and most of all, they require enormous support to reach a global scale. Already, bitcoin has over taken juggernauts like Paypal and Western union, so give it some more time, and we'll see it take over even some fiat currencies in terms of volume.
Cryptocurrency is extremely new, 10 years in the grand scheme of things is just a moment, so Bitcoin and other cryptocurrency can be forgiven for not blazing the trail like people thought they would. These things take time, they take trust and most of all, they require enormous support to reach a global scale. Already, bitcoin has over taken juggernauts like Paypal and Western union, so give it some more time, and we'll see it take over even some fiat currencies in terms of volume.
Yeah, there's still lots of questions in the air about whether or not, or how Bitcoin was pushed or manipulated up to 20k.And yeah, 7k is still quite good really when you look at the bigger picture. And the timeline is still looking good from a zoomed out perspective.
Re: what is the main reason for india to ban cryptocurrency
The government or any third party cannot regulate the world of cryptocurrencies. This made government officials very worried. It is probable that even illegal activities are very high for the government to worry that the world of cryptocurrencies can damage the country's economy. Some countries can adapt widely to use cryptocurrencies in the country. 
They can regulate it if they want. Whether or not they can effectively enforce those regulations is another question. But even so, any types of regulations where there are penalties will surely influence people's decisions and such related to interacting with the currency.
Every economic decision in every market can be considered prediction or speculation to some extent. I don't think you can really separate yourself from that economic reality.
Not all altcoins however. The raising altcoins are the ones which have rolled out real effects or improvements instantly before the plunges. What's more, amid the plunges most particularly bitcoin plunge, it once in a while influences some altcoins if the coin is a decent task, numerous financial specialists utilize that chance to stuck up their wallet. This makes the altcoins to rise notwithstanding when there is a general dump.
How many of these projects are actually rolling out real improvements or anything even remotely like that though? Very few I'd say. In general you'd be hard pressed to find many decent projects that aren't complete scams.
Anyone knew about that 
Is it true news
Is it true news
Whether it is true or not, being banned does not mean you can not use bitcoin. Bitcoin is decentralized meaning it can still freely operate.
The big question is going to be what kind of penalties or enforcement will actually go on. And whether they will try to detect and track people using Bitcoin. I don't know what kind of control the state there has over its internet, but it could be extensive.
It seems they will start to glance at bitcoin as payment, this will be a very good thing. There will be more advantages in priority as bitcoins have, but maybe this will take a while as there are still many people who say they are not interested at all with bitcoin
Bitcoin is widely accepted digital currency. It is world first heavily used decentralised currency. Bitcoin mostly used as online currency because of its online fast, safe and secure transaction and low transaction cost too. Bitcoin heavily used as a online money transaction or online money exchange medium. Many online retailers and small businessman use bitcoin for their business. Because of heavily use of bitcoin many online retailers provide their user bitcoin as a payment option. Bitcoin also use for online shopping, paying rants, EMIs etc. I don't know, I don't really think it's competitive for payments and such when you consider the benefits of something like a credit card. For the consumer it can be quite good with cash back, protections, insurance ect. As long as you don't carry a balance.