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Re: Bitcoin storms past $7,200 to set yet another new all-time record
Bitcoin has smashed the $7,000 barrier to hit a new record of $7,292.43
https://instagram.flos1-1.fna.fbcdn.net/t51.2885-15/e35/23161044_146939106054323_3757195690703323136_n.jpg
It's less than a month since it passed $5,000 for the first time. The cryptocurrency is up more than 600% in 2017.
This week it had new impetus after the world's largest exchange owner said it planned to introduce bitcoin futures by the end of the year.
Woah, that's a huge gain. It's good for me as I have some btc. Do you think I should sell?https://instagram.flos1-1.fna.fbcdn.net/t51.2885-15/e35/23161044_146939106054323_3757195690703323136_n.jpg
It's less than a month since it passed $5,000 for the first time. The cryptocurrency is up more than 600% in 2017.
This week it had new impetus after the world's largest exchange owner said it planned to introduce bitcoin futures by the end of the year.
Are you a bitcoin fan?
Do you spend a lot of time on bitcoin? Reading news, trading, or even writing your own analysis.
But how did you first hear about bitcoin?
Is it some articles you read about? Or just from a friend who has traded bitcoin for a long time?
Share your experience with us.
I was just browsing the internet when I found a "bitcoin mining" site. Curious, I clicked on it, I actually generated a few bitcoins with just my laptop, but never thought to cash them out. That was my first experience with bitcoin, and boy do I wish I had gotten them safe. If I still had them I'd have $20k or so right now.Do you spend a lot of time on bitcoin? Reading news, trading, or even writing your own analysis.
But how did you first hear about bitcoin?
Is it some articles you read about? Or just from a friend who has traded bitcoin for a long time?
Share your experience with us.
I have been earning BTC through different claiming faucets like BTC clicks, Freebitcoin, Bonus bitcoin, adBTC, Moonbitcoin, Fieldbitcoins with no referrals for about 4 months now. It is so hard. Can someone tell me how can I earn more?? 
I can tell you from experience *not* to bother with faucets or investing into what looks legit but turns out to be a scam. What you *should* do is try to get some tasks done for people in the services section. If you have a skill or more than it shouldn't be hard. "Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a persons bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quos actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the governments monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
My top 3:Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quos actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the governments monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
#1 That someone might steal my bitcoins through use of a remote access tool or such.
#2 That bitcoin will die (much more unlikely.)
#3 That my local coffee shop will stop taking bitcoin as a payment option. (Doesn't really matter, but it's nice to be able to pay with btc.)
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Yes easily. It can stop the big banks and make the people in power again.What's the easiest way to send small 1000 satoshi payment?
If you just need to send it once, then perhaps a service like coinbase might help as there is no fee to send to another person with coinbase, if you want to send it multiple times like a faucet use faucethub. Hope this helps!In November, more Chinese Exchange will reopen. What is your opnion about the Bitcoin industry?
I feel that it will keep on growing and never fail.Just moments ago I was reading about Bitcoin setting a new price record above $6,400. The main cryptocurrency has been incredibly strong, and resilient during crashes, so this latest development does not surprise me one iota.
What also does not surprise me is that Bitcoin kept going after reaching the $6,400 mark, settling above $6,600 at the time of writing this article, based on an average from major exchanges like Bithumb (where its actually gone past $6,700), Kraken, GDAX and Poloniex.
Based on data from Coinmarketcap.com, Bitcoin is up around 6.5 percent today, which has boosted its market cap above $110 billion. Its dominance of the crypto scene is also up to 59.7 percent, mainly due to the fact that the top altcoins (alternative crypto coins) are either in the red or behind it in terms of average gains after the most-recent crash in September.
Ethereum, the second-largest cryptocurrency, has been struggling to break out of the $300 zone for around a month now. It went through an update earlier in October, which was expected to give it a much-awaited boost, but it still remains well below the price record set in mid-June, when it traded above $400. Its market cap is $28.36 billion now.
Bitcoin Cash has surpassed Ripple (again) to take third place, now trading just under $500. The cryptocurrency, which was created August 1 through a fork of Bitcoin, has a market cap of $8.3 billion. It is up over 12 percent today. Ripple, meanwhile, is down below $0.2, with its market cap hovering around $7.6 billion.
Further down the line in the top 10, BitConnect is the only other coin which has gained in price day-over-day, being up to around $244 and 6.04 percent. Its market cap is just shy of $1.8 billion.
SOURCE CONTINUE ARTICLE
http://www.coinn.club/bitcoin-altcoin-signals/bitcoin-breaks-6500/
Thanks for this great read op! It's been great for me as the value of my assets has gone up a good deal! What also does not surprise me is that Bitcoin kept going after reaching the $6,400 mark, settling above $6,600 at the time of writing this article, based on an average from major exchanges like Bithumb (where its actually gone past $6,700), Kraken, GDAX and Poloniex.
Based on data from Coinmarketcap.com, Bitcoin is up around 6.5 percent today, which has boosted its market cap above $110 billion. Its dominance of the crypto scene is also up to 59.7 percent, mainly due to the fact that the top altcoins (alternative crypto coins) are either in the red or behind it in terms of average gains after the most-recent crash in September.
Ethereum, the second-largest cryptocurrency, has been struggling to break out of the $300 zone for around a month now. It went through an update earlier in October, which was expected to give it a much-awaited boost, but it still remains well below the price record set in mid-June, when it traded above $400. Its market cap is $28.36 billion now.
Bitcoin Cash has surpassed Ripple (again) to take third place, now trading just under $500. The cryptocurrency, which was created August 1 through a fork of Bitcoin, has a market cap of $8.3 billion. It is up over 12 percent today. Ripple, meanwhile, is down below $0.2, with its market cap hovering around $7.6 billion.
Further down the line in the top 10, BitConnect is the only other coin which has gained in price day-over-day, being up to around $244 and 6.04 percent. Its market cap is just shy of $1.8 billion.
SOURCE CONTINUE ARTICLE
http://www.coinn.club/bitcoin-altcoin-signals/bitcoin-breaks-6500/
Here in my country which is now an upcoming tiger economy (though we are still classified as a third-world country), we are free to participate in Bitcoin both buying and selling as the government is treating Bitcoin just like any other foreiign money.
However, I am sure that only a very, very small fraction of us are declaring our Bitcoin income. It seems to me that the government is not that interested to get strict with individuals as long as they can tax the Bitcoin exchange provider for the service rendered.
I am then wondering the situation with other countries. Can your government really be able to track if you never declared gains made from Bitcoin transactions?
While bitcoin is not completely anonymous, it's still less trackable than bank transactions. If you choose not to pay taxes, good luck op.However, I am sure that only a very, very small fraction of us are declaring our Bitcoin income. It seems to me that the government is not that interested to get strict with individuals as long as they can tax the Bitcoin exchange provider for the service rendered.
I am then wondering the situation with other countries. Can your government really be able to track if you never declared gains made from Bitcoin transactions?
We talked about bitcoin today on the phone. She asked me if she gave me 30 dollars if I could invest it for her. I explained the volility of the coin that we could go from 100 to zero just like that. She still wants to put in 30.
That tells me while we may not be mainstream yet, we are getting there.
She won't hate you as much for losing her $30 as she would love you for getting her a lot more, just my two cents. That tells me while we may not be mainstream yet, we are getting there.
What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
This won't happen, as people will continue to buy it no matter what, but if it did then it would become worthless. How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
