findtim
Top Contributor
st kilda primary just called, you haven't handed in your homework.
Bitcoins
- Thread starter helloworld
- Start date
Data Glasses
Top Contributor
Don't hold your breath on that one...
Scott7
Top Contributor
Any update on this? Thanks.
findtim
Top Contributor
speaking as a non investor, i think china's action will actually boost the coin !
you will get the FU surge
now that the currency is so high i think you will get a black market happening, real money for crypto, thus the countries that can spend bitcoin will somehow get around the processes and hand over real cash at a lower price to people in countries that can't spend crypto
------story--------
in 1991 i was in malawi, africa, the exchange rate for USD was 6 - 1, but we could get 21-1 almost anywhere, shops owned by white ex pats and indians, the value of hard currency was worth far more then the "crypto" malawi currency.
when i was in uganda i cashed $10 USD, the pile of $50 uganda notes was one stack @ 10cm's high.
the next week i cashed another $10 USD, the best way to describe it is " if i put it into an empty vb carton i would not have fitted it all in "
------------------
just an uneducated prediction !
tim
you will get the FU surge
now that the currency is so high i think you will get a black market happening, real money for crypto, thus the countries that can spend bitcoin will somehow get around the processes and hand over real cash at a lower price to people in countries that can't spend crypto
------story--------
in 1991 i was in malawi, africa, the exchange rate for USD was 6 - 1, but we could get 21-1 almost anywhere, shops owned by white ex pats and indians, the value of hard currency was worth far more then the "crypto" malawi currency.
when i was in uganda i cashed $10 USD, the pile of $50 uganda notes was one stack @ 10cm's high.
the next week i cashed another $10 USD, the best way to describe it is " if i put it into an empty vb carton i would not have fitted it all in "
------------------
just an uneducated prediction !
tim
Scott7
Top Contributor
Here's some good Australian related Bitcoin news, reported by Jon Buck at CoinTelegraph.com
Australia Ends Double Taxation of Bitcoin, Cryptocurrencies
Australia Ends Double Taxation of Bitcoin, Cryptocurrencies
Scott7
Top Contributor
John has followed this up with a post listing the top 300+ Cryptocurrency related domain name sales. Here they are.
Scott7
Top Contributor
It's taken some time, but the mainstream Bitcoin media (aka coindesk) has finally caught wind of the next Bitcoin hard fork, Bitcoin Gold, also known as Bgold. It is a friendly fork, as they are promoting themselves as an altcoin, unlike the previous unfriendly fork, Bitcoin Cash (Bcash), that was set up to try and replace Bitcoin.
As was the case with Bcash, if you hold Bitcoin (outside of an exchange) on the 25th of October, you will receive the equivalent number of Bgold on the 1st of November. What the price will start at is anybody's guess, however, it will give you some free crypto that you can then exchange for more Bitcoin if you're looking to increase your holdings.
You can keep up to date with the latest on the Bgold fork at Bgold Twitter feed & Bgold Official Website
As was the case with Bcash, if you hold Bitcoin (outside of an exchange) on the 25th of October, you will receive the equivalent number of Bgold on the 1st of November. What the price will start at is anybody's guess, however, it will give you some free crypto that you can then exchange for more Bitcoin if you're looking to increase your holdings.
You can keep up to date with the latest on the Bgold fork at Bgold Twitter feed & Bgold Official Website
helloworld
Top Contributor
I really don't understand this shit. What does it mean ", if you hold Bitcoin (outside of an exchange) on the 25th of October, you will receive the equivalent number of Bgold on the 1st of November"
So if you have btc on a hard drive somewhere?
Scott7
Top Contributor
Basically, if control the private key for your Bitcoin (i.e. don't have it at an exchange, such as, Coinbase, Coinjar etc), you will get the same number of Bgold for free, which is what also happened with the release of Bcash. Some exchanges may support Bgold, so you may still get it, but this can't be guaranteed. ACX.io, for example, did support Bcash, but this was not the case with all exchanges.
This article gives a good rundown of the various options for Bitcoin storage.
Scott7
Top Contributor
Bitcoin technical chart analyst, Tone Vays, who has made some accurate predictions about Bitcoin in the past has had some very interesting things to say recently. He says that no matter how high Bitcoin goes on this bull run, it will retest 5,000 USD. In addition to this, Bitcoin has never retested 1,350 USD and so even if the price goes to 10,000 USD, it could still retrace to that level. It's then that things would get really ugly.
Scott.L
Top Contributor
Tell him He's dreaming.
Scott7
Top Contributor
You too are a man who knows the charts, Scott. I'd be interested to hear your analysis of recent trends and what you see going forward.
Data Glasses
Top Contributor
"wow ...... check out the sales price for Eth/Com .......... http://www.dnjournal.com/archive/domainsales/2017/20171101.htm"
Scott7
Top Contributor
2 million. Nice. Double what btc.com went for in August 2014. Mind you, I'd imagine that it would go for a lot more now.
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