bitcoin trading.

adindas wrote: »

Digital currency like BTC can’t be realistically used like like a normal currency but their acceptance rate is increasing. You will never know what will happen in the next few decades. The demand is not just coming just from speculators because there is always demand coming from darkweb, money launderers. This currency fit for their purpose which can not be replaced by traditional currency.

Also currently over 100,000 merchants have accepted it.

https://www.cnbc.com/2017/12/07/heres-how-you-can-and-cant-spend-bitcoin.html

"Over 100,000 merchants worldwide accept bitcoin. Notable ones include Microsoft and Expedia, as well as the online electronics retailer Newegg.

Considering that bitcoin is a digital currency, it's more rare for actual stores to accept it as a payment method. But, as CoinDesk points out, some business are beginning to, such as REEDS Jewelers, which has over 60 retail locations in eastern U.S."

You keep quoting that but its a pretty meaningless statistic.

You use Microsoft as an example, in reality with MS, you pay in $$, its just Microsoft will facilitate the bitcoin transfer to $$, as such you have no idea how many bitcoins MS Office will cost tomorrow, or in an hours time, but I'm certain on the $$, ££ €€ price, that's what really sets it out as different.

How many retailers price in bitcoin? none?

Big drops again today:
Bitcoin now - $8760
Ethereum - $965

Lloyds Banking Group has banned its customers from buying Bitcoin on their credit cards following a sharp fall in the value of the digital currency.

The ban, starting on Monday, applies to Lloyds Bank, Bank of Scotland, Halifax and MBNA customers.

It will not apply to debit cards, only to the banking group's eight million credit card customers.

BBC News

Likewise, in the USA, JPMorgan Chase, Bank of America and Citigroup have said they're halting purchases of Bitcoin and other cryptocurrencies on their credit cards.

Malthusian wrote: »

The list of retailers who accept Bitcoin is here: https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/

It is considerably shorter than 100,000. Allowing people to buy goods in dollars after converting their Bitcoin into dollars (and pocketing currency commission) is not accepting Bitcoin. It is accepting dollars. The retailer is only accepting Bitcoin if they state the price in Bitcoin and provide that good in exchange for the stated number of Bitcoins, not dollars.

It is considerably fewer than the number of retailers who purportedly accept OneCoin, a well-known scam cryptocurrency. Admittedly, those retailers are all participants in the pyramid scheme and demand euros on top of the worthless cryptocurrency, but it is still striking that a fake cryptocurrency is on the face of it more popular than the supposedly real one.

the very first one in your article is KFC Canada, and the price of the only item they "accept bitcoin" for is tied to the bitcoin Can$ price (about $20 Can), so really its not accepting bitcoin, its letting you sell bitcoins to pay your bill.

So again, that now MUCH smaller list is still too big, I cant find a retailer who has true bitcoin pricing.

So many people have been predicting the bursting of the Cryptocurrency Bubble and now it is in full flow.

Bitcoin: 18/12/17 $19500 - Now $7000 a 64% fall
Ethereum: 14/1/18 $1353 - Now $676 a 59% fall
Ripple: 5/1/18 $3.45 - Now $ 0.69 an 80% fall
Bitcoin Cash: 21/12/17 - Now $3551 Now $907 a 75% fall

This is just the beginning. Expect all of them to drop by at least 95% from their highs. It's Dot.com all over again and many young people are getting burnt.

The wise will have heeded the warnings and top sliced or sold all of them already.

I feel sorry for all those taken in by advertising over recent months, some referring to growth of 49,000% etc with no real warnings about how the price can also crash.

I wonder if some Solicitors will see potential here to make claims of mis-selling.

What will be next?

Perhaps someone selling computer codes to bubbles located in black holes. They could call them "Gullibubbles".

Checkout the latest falls here:

https://coinranking.com/