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Bitcoins

findtim

Top Contributor
being someone that does not own a single bitcoin, i do find it VERY interesting.
on that note i personally think that perhaps dnt should consider creating a bitcoin sub section just like we have for developers.
i know there are many "fades" like gTLD's but i don't think bitcoin is going away.

i just think it would be "neater" reading if the bitcoiners amongst us were about to start multiple thread topics in one section because i am sure there's far more to this then JUST its price: eg buying, selling, newbies,oldbies, warnings etcccccccccc

what do others think?
tim
 

Suzabro

Administrator
being someone that does not own a single bitcoin, i do find it VERY interesting.
on that note i personally think that perhaps dnt should consider creating a bitcoin sub section just like we have for developers.
i know there are many "fades" like gTLD's but i don't think bitcoin is going away.

i just think it would be "neater" reading if the bitcoiners amongst us were about to start multiple thread topics in one section because i am sure there's far more to this then JUST its price: eg buying, selling, newbies,oldbies, warnings etcccccccccc

what do others think?
tim

Yes good idea Tim, will do!
 

Scott.L

Top Contributor
When do you guys think the Government will adopt a cyrptocurrency for Australia?
Hmmmmm....its bound to happen.
 

Scott7

Top Contributor
Found this site Blockcoin.io that compares the price of Bitcoin on all of the major Australian exchanges.

While .io is a popular domain extension in the tech space, particularly when it comes to Bitcoin, this site also uses Blockcoin.com.au as a mirror site and Blockcoins.com.au, Blockcoins.net.au, Cryptocoins.com.au, Cryptocoins.net.au and Blockcoin.net.au as redirects to Blockcoin.io
 

Scott7

Top Contributor
High risk and big stakes trading Bitcoin at the moment.
1 Sept: 6,231.31 AUD per BTC
10 Sept: 5,199.99 AUD per BTC
 

Data Glasses

Top Contributor
High risk and big stakes trading Bitcoin at the moment.
1 Sept: 6,231.31 AUD per BTC
10 Sept: 5,199.99 AUD per BTC
As someone who is not into all of this. Can I ask what happens when there are no more bitcoins, isn't there some kind of finish date or something? That part makes me wonder. Or are you all rich by then and don't care?
 

Scott.L

Top Contributor
High risk and big stakes trading Bitcoin at the moment.
1 Sept: 6,231.31 AUD per BTC 10 Sept: 5,199.99 AUD per BTC

the crux of the problem is that China has limits on the amount of foreign currency people can buy. But Chinese investors can buy bitcoin in China then later exchange that for foreign currency in any amount they want. The Chinese Gov is not happy to see investors trading more BTC than its own currency - While the Chinese government could easily crush the bitcoin market, it hasn’t because that would allow miners in other countries to usurp its dominance – something the PBOC might find difficult to undo. China is home to between 50% and 70% of the world’s bitcoin mining

A very good article by zerohedge explains this problem.
http://www.zerohedge.com/news/2017-06-15/peoples-bank-china-manipulating-bitcoin-price
 

Scott7

Top Contributor
As someone who is not into all of this. Can I ask what happens when there are no more bitcoins, isn't there some kind of finish date or something? That part makes me wonder. Or are you all rich by then and don't care?
When all Bitcoin are mined there will be 21 million. Each Bitcoin can be divided to 8 decimal places.
 

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