Terrorism, oil trade, gun trade, drug trade is financed mostly by dollars, I believe so. It's maybe another wish to expand control, tax collection and bureaucracy and to get funding from EU for Valdis Dombrovskis cabinet...???

Good point about MtGox, I've been trading on Kraken this week. Jeebus, what a scary ride ! Kraken has crashed more than too many times this week for my liking. I'm off to bitstamp.

Im not sure the European court ruling has been responsible for most of the upturn in btc price. As has already been stated, its about supply and demand and the volume seems to be coming from China exchanges which makes a lot of sense after the recent Yuan devaluation.

US Martial service auctioned the last tranche of coins they nabbed from Silk Road 2 yesterday and although the market dipped its still at +75% .

I predict a rocky but nonetheless broadly bullish ride over the near to mid term

Bitcoin is subject to supply and demand just like everything else in this world. Are the major fiat currencies any safer when the central banks just print ever larger quantities of fiat currency. It is a matter of judgment but it could be argued that bitcoin is safer than pound sterling at the moment. It harks back to the days when Jim Slater said that maybe the best investment at the time was a can of baked beans.

It is going to be interesting to see how things evolve.

John L Hales
alias blobby

Is Bitcoin safe? What safety mechanisms are in place to protect your money?

>Historically it would have ended in war but I suspect not on this occasion.

I am thinking very similar to this :)

We should have the UK consultation for the UK regulations coming 'soon'ish' .. which should boost confidence even more.

And another thing to remember is that the 2013 spike was due to shenanigans at MtGox, this spike feels legit :)

The logic the US use is similar to the approach to books in the UK. If electronic, books are taxed as a commodity and if not they aren't. That same mindset seems to be reflected in the US approach to bitcoin versus hard paper currency

Very interesting indeed, as this is directly opposite to the US, who have ruled Bitcoin a commodity. See http://www.cnbc.com/2015/09/18/bitcoin-now-classed-as-a-commodity-in-the-us.html

Yes, interesting ruling, it will be interesting to see what impact it has. If this encourages use by high street banks maybe bitcoin would then gain more mainstream acceptance. At the moment it only appeals to banks and customers with a new techy mindset, once it is thought of like any traditional currency and accepted by a wider audience then it will really take off.

On Thursday 29th October the European Union's Court of Justice ruled that bitcoin must be treated like a currency, not a commodity, for tax purposes. This is the same as the stance taken by the UK's tax authority and is a further step towards securing bitcoin's future as a genuine alternative to fiat currencies. These are indeed interesting times and I wonder what is going to happen next.

John L Hales
alias blobby

Thanks, I will look in Windows Store later today.

No worries :)
Hmm, download um - mycelium for your phone.

Thanks miaoux. At the moment I don't want to buy any but I think I will take up HeyDk 's suggestion to try out TestNet to get more idea of how it works first before going for the real thing.

If you'd like any bitcoins, or a guide - let me know.

We have a help-faq for our normal customers, and you can chat with us online on coincut - I'm happy to learn how the internal transfer works :D

https://community.fidorbank.uk/group/coincut

Thanks Joel, HeyDk and Adrian for your replies.

If you want to get hold of some bitcoin you should be able to leave a message either here https://community.fidorbank.uk/group/coincut - or - https://community.fidorbank.uk/group/bitbargain.

Obviously, using the internal system helps us to keep track of any issues that might arise, this is for the benefit of both parties of the transaction. And you get to use the internal payment system, which I am sure you can see the benefitis of.

Don't bother with faucets. They are likely full of adverts or could have malicious content and in the end they deliver just dust (miniscule amounts, think 1/1000th of a penny).

If you are a developer or just want to try out the tech you can always use "testnet". These testnet bitcoins don't have any value but work just like real ones (mining, transactions, validations, transfer, mobile apps and such). https://en.bitcoin.it/wiki/Testnet

If you want to get hold of real bitcoin then a tiny amount is such just good as a large one. Not sure what country you are in but in the UK these are reliable for small amounts: bitbargain.co.uk, Mycelium mobile app, Changetip.com.

I think the old days of are bitcoin being given out are well gone, the value of bitcoin is just too high now for people to give any away. Some services like coinbase.com used to provide a sign up bounty. (not sure they still do)

To miaoux. Have you heard when Fidor are opening corporate accounts

Should there be specific linked adverts on here? :)
It's going to get a bit spammy eventually otherwise.

We probably need guidelines - jd?

Cool beans. I'm selling at spot rate (bitstamp) today. 07984 924477 if you want any. Ask for Rev. Here's my localbitcoins ad. https://localbitcoins.com/accounts/profile/ReverrendGonzo/

Yes, I've just set up an add on LocalBitcoins.com: https://localbitcoins.com/ad/268555/purchase-bitcoin-bank-fidor-bank-united-kingdom

Not yet, but I intend to use my new account to buy some every month.

Personally, I can't wait until fidor allows customers to apply for corporate accounts specifically for bitcoin companies :)

good info . Ta muchly

Also seen some traders on Paxful doing Fidor2Fidor payments. If you go on http://bittybot.co/uk/ do a search for fidor you can see which BTC traders are using it.

You might want to look at the BitBargain group. I think those guys now support seller-buyer interaction via Fidor.

Thanks for the info, will check him out and make contact.

If you having trouble keeping up, then JoelD is a good connection to have on here.

whats been moving the price do you reckon Joel ?

To add, in NO WAY should this be construed as financial advice. I just find it quite interesting. There are numerous things that can bring down the value, technical issues, world wide government issues, policies, hacks (of big exchanges/platforms and thiefs flooding the market), concerted efforts by arbitrage traders, but then of course, there are similar things that can bring up the value.

One of the most interesting things I find about Bitcoin and Crypto is that it wakens people up to the wider economic reality of whats going on around us.

Hi Majmoz,
If Bitcoin is something you would like to see integrated, please create a product suggestion and let us know how you would envision such a product. We are open and happy about community suggestion. The more detailed your request the better we can imagine how we can build something for you. It also always helps if you can gain the support of other community members.