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  1. #1
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    Default 'Buy bitcoin with credit card' search is on the rise on Google

    As the price of bitcoin surged over $9k, Google Trend reports that the number of people searching for how to buy bitcoin with a credit card is also on the rise.

    From CNBC.com:

    The quest to find whether cryptocurrency bitcoin is in a bubble could be found on search engines, where one bubbly sounding term is on the rise.

    Google Trends says the search term "buy bitcoin with credit card" is around its historic peak, notes Nick Colas, co-founder of Data Trek Research and the first Wall Street analyst to take the digital currency seriously.

    While the phrase is only about 3 percent of all bitcoin searches, it is on the rise.

    Colas sees the inclination to use credit to get in on the moves of a volatile asset as "a cautious note" about where sentiment is running.

    "For those readers who think about transmission mechanisms between financial assets and the real economy, look no further. This is it," he said in his daily note for clients.

    Other search trends show that bitcoin holds a solid lead in Google quests for digital currencies, even though it has a growing list of competitors. In all, 15 cryptocurrencies now have market valuations above $1 billion, according to CoinMarketCap. At $162.4 billion, bitcoin is more valuable than the next 70 or so competitors combined.

    Colas said bitcoin "still holds a strong lead in terms of global attention in crypto-land."
    Read more here: https://www.cnbc.com/2017/11/27/buy-...ble-fears.html

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  3. #2
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    A bubble or the new monetary world order? People exchanging fiat debt credits for hard defined currency? Greshom's law in the flesh?

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  5. #3
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    Exactly.

    It can be both!

    The bubble will burst when the growth of price of bitcoin will be smaller than the fiat interest rate. Not literally ofc, but you get what I mean.

    Good luck then seizing the bitcoins however.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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  7. #4
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    The problem is a lot of those searchers are going to end up at Coinbase - the evil empire - since they're still the easiest for most people to do that from.

    A massive amount of people trusting a third-party who's in bed with the IRS, tracks its users, and doesn't give anyone their private keys.

    Where could this go wrong?

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    Quote Originally Posted by stillshadow View Post
    A massive amount of people trusting a third-party who's in bed with the IRS, tracks its users, and doesn't give anyone their private keys.

    Where could this go wrong?
    I think many might want to start getting used to majority of this, however I do think folks should be given access to their private keys...the rest, well that is banking in the US and I do think it is the future of whatever crypto or blockchain tech that becomes the standard.

    If not, bitcoin etc will not manage to stay grey market and will become black market, even more then it is now in many countries.

    I think it is only a matter of time until the exchanges will all start working with the various governments and taxing authorities around the world, and share information requested, if they expect to stay viable and thrive. This will include KYC rules.

    Rick
    Universal4

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    Roulette Zeitung is offline Public Member
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    Minutes ago: WH Press Briefing with Sarah Huckabee Sanders, first mother ever in U.S. history in that position.

    She officially said in passing, that Bitcoin will be monitored by Homeland.

    I told you that a long time ago, but it was called a tin foil hat conspiracy.
    Who's right now?

    No one can mess with the U.S.

    The last guy, who was a danger to the US Dollar was Gaddafi. With his 143 tons of Gold Gaddafi had the plan to install a pan-african currency on the base of the Lybian Dinar.


    We know, what happened:



    Sooner or later they will find a way to take Bitcoin on the leash and the nerds can yell, but they can do nothing against it.

    One simply can't mess with Homeland or Secretary of State.

    Leopold

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  13. #7
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    It's OK. China and Russia are going to deliver the multi-polar power system. Perhaps with gold backed currency. The USD is on the way out.
    https://professionalrakeback.com

    We have bullet-proof revenue-share deals on online poker networks that:
    A) no longer allow them
    B) do not like winning poker players
    C) charge insane fees

    Interested in a sub deal?

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    Not a good idea, but I am not surprised. Imagine how bad it would suck tobuy BTC at €11000 and then it crashes, leaving you with 24% on €11000. ouch. I think that overall btc will outpace 24%. However, it's not fiscally responsible.

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    Quote Originally Posted by universal4 View Post
    I think many might want to start getting used to majority of this, however I do think folks should be given access to their private keys...the rest, well that is banking in the US and I do think it is the future of whatever crypto or blockchain tech that becomes the standard.

    If not, bitcoin etc will not manage to stay grey market and will become black market, even more then it is now in many countries.

    I think it is only a matter of time until the exchanges will all start working with the various governments and taxing authorities around the world, and share information requested, if they expect to stay viable and thrive. This will include KYC rules.

    Rick
    Universal4
    Rick, I think you're probably right, but it would be frustrating to see a cryptocurrency end up with that fate when it's so counter to the ideals it exists in the first place.

    If you're centralizing/taxing/monitoring cryptocurrency, it essentially just becomes another stock market. Maybe still great for speculation, but it defeats the whole purpose of its existence.

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  19. #10
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    This is amazing! So many people are becoming aware of the movement. Only a couple of months ago 1% of Earth was aware of crypto... I bet it's more like 15% now!

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    Bitcoin is not anonymous at all. There are coin tracking programs that can tell where coins come from and where they go. If you want anonymous bitcoin is not it. Monero is the private focused coin of the alt coins. reddit.com/r/monero

    As far as public acceptance on bitcoin... yes more and more are searching and learning about it but very few (relatively speaking) are making the leap to buy some.

    "It's too expensive now". They are surprised that you don't have to buy a full bitcoin.

    I'm optimistic that more widespread adoption and acceptance will continue and the rollercoaster we are on has only begun

    Should be an interesting 2018...

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    UK Parliament: Finance ministry to put Bitcoin on the leash

    It is a proven fact, that the majority of Bitcoin transaction is about speculation, money laundering e.g. in online casinos, payment for serious internet crime and financing terror attacks.

    British finance ministry now announced plans to stop this madness. Also for Bitcoin regulations for money laundering and terror financing shall be installed, what is overdue.

    The end of some anonymity and duty to report suspicious transactions, what means almost all transactions will be reported.

    If everything hopefully goes the right way and will be passed, already 2018 a turning point for Bitcoin will be written in history books.

    Homeland and UK finance ministry had always a very good exchange cooperation.

    Leopold

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    Quote Originally Posted by stillshadow View Post
    The problem is a lot of those searchers are going to end up at Coinbase - the evil empire - since they're still the easiest for most people to do that from.

    A massive amount of people trusting a third-party who's in bed with the IRS, tracks its users, and doesn't give anyone their private keys.

    Where could this go wrong?
    What do you think is the solution here? Where would you suggest tot have a wallet?

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    those who invented the Bitcoin program are clever people (the 3 letter agencies incl) and probably have built in a backdoor option and are able to cash out before the house of cards collapses IMO.

    it is also the highest energy consuming product online. So if you drive your environmentally friendly Prius and you trade Bitcoin you are a sham to the planet.

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  29. #15
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    "bitcoin program" is opensource
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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    I just read that the Winklevoss twins are the worlds first Bitcoin billionaires, having bought $11m worth at $120. I wonder when they will cash out?

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  33. #17
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    They are not first. If we consider Satoshi's coins locked [they are worth of 10B+ now], there are people who have probably more coins than twins. Roger Ver or Andreas Antonopoulos.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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  35. #18
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    Let's hope that the biggest Bitcoin holders don't cash out anytime soon, otherwise the price of BTC is gonna come crashing down.

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  37. #19
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    Quote Originally Posted by TheSpry View Post
    Bitcoin is not anonymous at all. There are coin tracking programs that can tell where coins come from and where they go.
    I agree, however, part of the entire reason bitcoin gained the traction it did was because the founders and early adopters "pitched" it as being anonymous, and most of the exchanges that helped those folks convert it to fiat refused to disclose to the various government agencies around the globe.

    I think there will still always be those who use creative ways to hide them, but I also think that the various agencies will find more ways to force most exchanges into disclosure, and those will be the more successful and safer exchanges in the end.

    Rick
    Universal4

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    Quote Originally Posted by universal4 View Post
    I agree, however, part of the entire reason bitcoin gained the traction it did was because the founders and early adopters "pitched" it as being anonymous, and most of the exchanges that helped those folks convert it to fiat refused to disclose to the various government agencies around the globe.

    I think there will still always be those who use creative ways to hide them, but I also think that the various agencies will find more ways to force most exchanges into disclosure, and those will be the more successful and safer exchanges in the end.

    Rick
    Universal4
    Yes, it's like when the internet first came out. Most thought that it was anonymous as well. Lol, we know how that worked out. I think you becreative to make it anonymous. If you want fiat it is going to be hard to stay that way. I guess the only way would be to sell them (or buy them) with cash from localbitcoins.com. (I haven't done either).

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