andref
While most altcoins are getting slaughtered, LTC shines propelled higher by Litepay and a new fork. Bitcoin continues its gains as well but stopped short of a new rally. Bitcoin Higher but Stops Short of New Rally Bitcoin prices traded even higher si...
sessin
The article is really interesting! I appreciate the decision of the Bank of England to conduct a study on cryptographic currencies and to introduce a national cryptocurrency by next year. Digital currencies continue to generate excitement these days....
andref
Ether is trading lower versus bitcoin this week. The crypto has lost 12 percent to big brother since Monday as BTC is the preferred crypto this week. Dash on the other hand continues to trade in a range. Ether Down 12 Percent As we mentioned above, E...
Buyer80
Distribution of a real aelf (ELF) !!! Ability to receive up to 5000 per week! traded on large exchanges https://coinmarketcap.com/currencies/aelf/#markets https://candy.aelf.io/account/register?invitationCode=0Q1T51dGbUcV
andref
During the past week, we’re seeing more gains for Bitcoin. This, in turn, led to gains in altcoins like Litecoin as the general crypto market recovers from large losses. Bitcoin Up by 13 Percent Bitcoin is currently quoted at $8,520 dollars per coi...
bzeebee
Suggested Hardware for Monero (XMR) Mining Rig GPUs: Sapphire NITRO+ RX 580 8GB Sapphire NITRO+ RX 580 4GB MSI RX 580 GAMING X 8G Gigabyte GTX 1070 G1 Gaming Gigabyte GTX 1080 Ti GAMING OC Motherboard: ASRock H81 PRO BTC, GIGABYTE GA-H110-D3A,...
I'm a graphic artist and small-scale inventor/entrepreneur who started spending a lot of my time exploring Bitcoin in early 2013.
I've been accepting Bitcoin for design and print work since May 2013 (my first Bitcoin job was business cards for the Let's Talk Bitcoin team to bring to Bitcoin 2013 in San Jose).
Print4Bitcoin.com
I've been selling Bitcoin Keychains since July 2013.
Bkeychain.com
I made Litecoin keychains a bit later in 2013, but they haven't been selling that well (anyone want a deal on 1000 Litecoin keychains?).
Lkeychain.com
I've written bitcoin articles on Let's Talk Bitcoin and Spelunk.in
LetsTalkBitcoin.com/blog
Spelunk.in
And in October of 2014 I became an LTB Network podcaster with The Bitcoin Game!
TheBitcoinGame.com
I'm definitely not a Bitcoin expert, just an enthusiast who enjoys participating as much as I can.
I have used Alibaba to find a manufacturer in China (for my Litecoin keychains - Lkeychain.com), and I have also used Bitcoin to do business with people in several continents. And based on my experience, I didn't think much of that article (I had read it before seeing your post).
I think Bitcoin could eventually become an accepted way for international business to send payment in general. Or Alibaba could be an early adopter. I hardly see a reason for Alibaba to fear Bitcoin -- Bitcoin is a tool that could only help Alibaba, as far as I'm concerned (unless they decide to miss an opportunity).
But here's the thing. When people are doing business overseas, with companies they've never dealt with before, some type of escrow is very important. At least that's how I felt, as I read about a lot of people getting ripped off. I found many companies that said they would go through Alibaba escrow on their company profiles would tell me they actually did not use the escrow service (which made me nervous). Since none would use escrow, I would only do business with a company that accepted PayPal, because I knew that if they screwed me, I could get my money back (and I actually did that at one point, when the company wasn't getting back to me). The protection afforded me by PayPal was worth being charged a few percent more by the manufacturer (I also could have paid for an international wire).
Bitcoin would have been cheaper than PayPal or an international wire fee, but I only would have felt comfortable sending Bitcoin if there was some type of multi-sig escrow. I wouldn't be surprised if such Bitcoin transactions become very common in the near future, as companies fill that niche. And then buyers can love BItcoin as much as sellers for international transactions!
Just for fun, here's one more variation on my earlier designs…
Depends on how volatile it is at the moment, but typically I check more than once a day.
I also get an alert whenever the USD price moves more than 10% in 24 hours. And that's interesting… Bitcoin sometimes goes months w/o a 10% change in 24 hours, though there's been days that I've received many alerts of 10% changes.
I'm sure something else has scared me more, but distressing was mysteriously losing 1 BTC from my 2FA Blockchain.info wallet. The Bitcoin went to another address for one day (no other funds at that address), and then moved to a massive address (I think 100K+ BTC), which had been discussed on different forums as being connected to other smaller Crypto thefts (but not Blockchain thefts). I still have no clue how that happened, though it was before Heartbleed was discovered. I was disappointed that Blockchain support was not very helpful.
@bernhard what coin is this?
Bitcoin. The chart is from BitcoinWisdom.com, set to logarithmic chart.
@asdlolciterquit me too. I'm getting scared :(
A several-year logarithmic price chart might make you feel less scared.
So here's where it gets mentally difficult to me… Investors say to buy low (sell high), and this price seems relatively low (and that's my gut reaction, to want to buy). But traders say not to try to catch falling knives, and these sure are falling knives. Are traders selling with the trend, thus strengthening the downward momentum? Are there margin calls helping to drive this down?
@jayek I think it's low because of the growing adoption by larger entities and corporations. It's great to see companies like Overstock accepting coin, but do they hold them? Or do they dump large swaths of coins on exchanges for fiat and drive the price down.
This makes sense to me that whales use their Bitcoin to buy stuff. I see this as similar to whales selling Bitcoin. I think when non-whale Bitcoin holders use BTC to buy stuff, they also buy more Bitcoin to keep their position.
Well, I just bought a little more Bitcoin, if actions speak louder than words.
My guess is either whales with lots of BTC are just cashing out some of their funds, or whale traders are pushing the price down, and then they'll push it back up, and they'll make money in each direction (seems there are plenty of traders who really follow and strengthen these trends). But that's what I always think when I see BTC going down w/o seeing news to give me other ideas. I wonder if any particular exchanges are leading the decline?
In case anyone was looking for a discount, the price of Bitcoin is getting pretty low.
andref
While most altcoins are getting slaughtered, LTC shines propelled higher by Litepay and a new fork. Bitcoin continues its gains as well but stopped short of a new rally. Bitcoin Higher but Stops Short of New Rally Bitcoin prices traded even higher si...
sessin
The article is really interesting! I appreciate the decision of the Bank of England to conduct a study on cryptographic currencies and to introduce a national cryptocurrency by next year. Digital currencies continue to generate excitement these days....
andref
Ether is trading lower versus bitcoin this week. The crypto has lost 12 percent to big brother since Monday as BTC is the preferred crypto this week. Dash on the other hand continues to trade in a range. Ether Down 12 Percent As we mentioned above, E...
Buyer80
Distribution of a real aelf (ELF) !!! Ability to receive up to 5000 per week! traded on large exchanges https://coinmarketcap.com/currencies/aelf/#markets https://candy.aelf.io/account/register?invitationCode=0Q1T51dGbUcV
andref
During the past week, we’re seeing more gains for Bitcoin. This, in turn, led to gains in altcoins like Litecoin as the general crypto market recovers from large losses. Bitcoin Up by 13 Percent Bitcoin is currently quoted at $8,520 dollars per coi...
bzeebee
Suggested Hardware for Monero (XMR) Mining Rig GPUs: Sapphire NITRO+ RX 580 8GB Sapphire NITRO+ RX 580 4GB MSI RX 580 GAMING X 8G Gigabyte GTX 1070 G1 Gaming Gigabyte GTX 1080 Ti GAMING OC Motherboard: ASRock H81 PRO BTC, GIGABYTE GA-H110-D3A,...
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