The Success Of Bitcoin Is You | bitcoin success

Bitcoin has been rising from USA to China to Pakistan. People are now beginning to realize its potential. Bitcoin is predicted to become a reserve currency(7th) by 2030 if the current trends continue. However I view bitcoin as the one and only true reserve currency. We have to understand that bitcoin is the only one of its kind from the other list of fiat dominated currencies that can truly be accepted anywhere and by anyone for anything. These options are further developed with the advent of OpenBaazar type services also.

Realization of the potential of a free economy has seen price of bitcoin rise steadily. in addition to this we now see the companies like steam even starting to accept bitcoin. For 3rd world countries its an even better opportunity as capital controls and strict banking requirements make it difficult to have access to proper credit card or debit card services. It makes it easier for people to use bitcoin as a sort of a prepaid system of making payments.

Today Japan is debating on accepting bitcoin as a proper currency which can be a huge step and a leg up on the competition. Bitcoin has caused a rise in the fintech revolution and no country wants to really ban it. They realize that the potential is there and they see that is bound to happen. How long will it take for true realizing is only a matter of time.

Blood on the streets | bitcoin, btc, xbt, price

My thoughts on what happened with the bitcoin price this week. I had recently covered a blog post at bitlanders covered here on why I thought the price had gone up. Closing comments were that we can see a drop if and when the sell comes.

The Rise:

Bitcoin Price touched the highs of 2015 by hitting $500 plus at the same time major exchanges were hit by a DDOS attack followed by arbitrage opportunities which caused a bit of concern since the transaction volume of bitcoin took a jump. As such bitcoin transactions started getting delayed to from 3 to 6 hours. Major trading platforms in China saw volumes as large as 2000000 btc in 24 hours. I guess for a person who had just gotten into this it was very shocking and exciting time but as the experts will tell you this has always happened to bitcoin. I do advise all the new investors to weigh the pros and cons of btc first, as its not just about making money on the short term.

In the News:

Bitcoin price had received great news that kept the buy pressure up. One was by Bloomberg which advised to keep an eye on btc, which was later(2 days) followed by research by CNBC which stated that bitcoin will become the 6th largest reserve currency by default at current pace by the year 2030. This was seen by large as a very positive sign and the buying continued.

The Fall

The above aspects saw the rise all the way upto $500+ before the dumping began. The pull also must have created panic selling orders followed by bots going into sell mode as I mentioned in the blog and therefore saw a fall in price of btc to $360. While predicting the next wave is very difficult we are now seeing a more controlled rate around $380 to $404.

Where will the piece go next:

I am no expert at predicting prices however for traders I suggest sticking with intra-day trades rather then looking to make it big in overnight bull runs. Additionally articles are covered online at our main news site http://www.newsbtc.com and for all other news regarding litcoin dogecoin or bitcoin you can check out http://pk.newsbtc.com where we try to cover everything in Urdu plus cover Pakistan related news about bitcoin in Pakistan

BITLANDERS: “ BitCoin Meets SocialMedia.” | Earn Bitcoins, Bitlanders, Free Bitcoins

You might not know about Bitcoin yet and the digital miracle currency that it is, Bitcoin is a peer-to-peer digital currency that allows users to purchase goods and services and cash out in liquid cash in the currency of their using by using bitcoin merchants like UrduBit (Urdubit)in Pakistan.

 

Bitlanders is the social media that pays!

 

BitCoin Mining is the way new bitcoins are produced but it is not the only way to get Bitcoins, a new and fun way of getting bitcoins is to join Bitlanders. This social media site that pays you in bitcoins by how and well efficiently you use the platform itself. Bitlanders lets you share new and create stuff similar to google plus and facebook. You can write blogs, post videos share youtube videos and also do daily tasks such as look at others videos and blogs to earn.

BitLanders pays you by calculating your social reach or following into a ‘BuzzScore’. The BuzzScore is a competitive scale of ranking starting from zero and ending on 100, which shows your skill to involve users in your content, posts , blogs, videos, pics or even by sharing outside content. It takes into consideration the amount of people that subscribe to your content, as well as ‘buzz’ your content (like Facebook like), as well as share their views on it or comment with their thoughts and ideas.

Your BuzzScore is calculated daily and by the end of it you are given a certain amount of BitCoin which reflects your BuzzScore and current BitCoin Price.

You can blog, post, share a picture or a video and upload a self made film and your earning starts!

 

Earning BitCoins with Bitlanders

With BitLanders, users get bitcoins just for doing stuff that they already do on other social networks like Facebook and Twitter. It’s a pretty simple process. Users who contribute and participate in the social platform are awarded regarding their posting activity performance.

Just by posting images, videos or writing posts, users will be able to earn some tips directly from the social media platform. It takes time for users to earn a good amount, but it can increase pretty fast if their content becomes very popular.

Spend all day Facebooking or tweeting? Why not join Bitlanders and get paid for the time you spent rather than spending it for free.

How to Join?

Its easy and simple. You can use your Facebook or Google Plus account to log in or Just visit Bitlanders and click on log in. And yes. It is done that easy.

User Oriented:

You can use BitLanders like facebook, wordpress, blogging, twitter and YouTube, making BitLanders a very versatile site and easy to use and whats more the content on BitLanders is not in chaos like in other social medias and the Bitlander team monitors it, ultimately allowing you have a unique experience with original and creative content,

Features:

BitLanders has its own unique ways, instead of having a profile pic, you get an avatar that you can edit according to your personality or your wishes on how you want yourself to appear digitally which in term symbolizes the digital currency, BitCoin. And makes the site more content oriented than celebrity worship like other social media sites AND IT PAYS!!.
The Idea behind bitlanders is not a get rich quick scheme but to make money while you do what you do daily on sites such as twitter, google plus or facebook.

 

Creativity meets People and make its digital community

In BitLanders, a community of great talent, creativity and ideas meet and they post a lot of great work from stop motion animation to Photography and sharing your personal thoughts and ideas. There is so much to find and and in great diversity. Its east to find film makers, photographers, graphic designers and and people from all walks of the world leading their arenas with their ideas and thoughts.

WHY JOIN BITLANDERS?

  1. Its for you to use and earn:

It allows all type of users to earn money with their work, So much talent and genius goes unnoticed in this world. Well not anymore. Join BitLanders and earn if you think you have the talent and the guts to show it.

Even if you are simply a viewer like the most and so many at Facebook, twitter, you still get paid for sharing content, posting a status, pic, a video and you will get paid by the amount of buzz you get and getting people to comment and even by inviting your friends to join BitLanders.

  1. Easy to Earn and Enjoy while earning.

You spend so much time on Facebook doing dozens of things in a day and using twitter its only fair to get your piece of the pie and why not? You contribute your precious time and moments of your life. So surf, get entertained, pass your time while earning at BitLanders.

People in Pakistan have now Facebook for a hobby and no earning to speak for it. So Pakistanis should shift to BitLanders to earn in Bitcoins and convert it into real cash by using services like UrduBit.

  1. Being a Leader and being followed.

If you believe you have the wisdom or the words and can create such content that can inspire people or get you followers , you can get quite a BuzzScore in BitLanders and get paid.

  1. Join BitCoin Bandwagon before its too late:

BitCoin being digital currency is the new cool and people are transforming it as a means of real money. There are now BitCoin Banks, BitCoin ATMS, BitCoin Merchants, and even some retailers are accepting it as a method of payment due to its awesome feature and no inflation rate. So its only logical to join it before its too late.

 

We spend so much time on social media sites and out so much energy into making our profiles attractive and work so hard at posting stuff to get the like or spread information while these companies makes profit from it and share your information for their advertising means. BitLanders is the only social platform that gives you your deserved piece of the profits and rewards you on your time and the content you share with the world. If we can do it for free we can certainly do it more better if we get paid for it, and enjoy it at the same time. Its about time we change and adapt and yes, GET PAID for it!

How to Use Urdubit | bitcoin, bitcoin pakistan, buy bitcoin in pakistan, sell bitcoins in pakistan

Updated: Oct 14,  2014

I have seen alot of people asking around how to use this exchange to buy bitcoins. So I figured this would be the ideal time to write this tutorial. Since I have already registered with the site I wont be giving screenshots of the signup but its pretty straight forward. Just a word you dont have to be verified to start trading at Urdubit. Verification only comes in handy if you want to cash out PKR. The information that Urdubit asks for verification is strictly to comply with KYC of State Bank. We dont disclose your identity or information to anyone. The information will only be provided to a government institution if requested by them on account of fraud or terrorist activity. Urdubit wants to safeguard its customers from any illegal activity and/or scam hence the verification is required. Do take note that under current Pakistan Law you dont have to pay any Taxes for selling or buying software. Bitcoin is basically a protocol hence termed as software therefore there is no requirement to report this to any tax authority.

First Login & Verification:

After you login for the first time you are presented with a verification forum. You dont have to verify yourself to begin trading with your btc you can simply deposit or withdraw btc and also trade them to PKR by listing your order under the order book but you cant deposit money or withdraw only when you are verified. The verification is inline with State Bank Of Pakistan Guidelines.
1. Enter your correct details.
2. Hold your Original CNIC/B-forum next to your face and take a selfie. Then click on Upload button. Now select the file with the selfie. This is to verify this is indeed yours since you are not physically present there.
3. Scan or take a photo in high resolution of your Original CNIC/B-Forum up close so that the entire card is visible and then click on same “Upload File” button again and upload this picture.
4. Follow the above for the back of your CNIC and upload the third file.
5. Now scan or take a screen shot of your bill make sure its under your name if its not you have to submit the copy of the original paid bill.

Dont worry if you make a mistake urdubit will call you for your verification so please make sure the number you provided is correct.

Depositing PKR:

Please look at the down arrow as posted in the following screenshot. Clicking it will let you deposit PKR into your account

urdubit orderbook
OrderBook

If you are using the Whitedev theme you can look for the links as denoted in the following screen:

Depoist PKR Whitedev theme
Depoist PKR Whitedev theme

To deposit funds look at the down arrow as marked by me on the above screen shot. The following page will popup:

Pkr-Deposit

Similarly if you are using a the Whitedev theme a similar screen will popup asking the same information, currently there are only 2 banks listed here for deposit. At this point you just have to enter the amount and select the bank. There after you simply deposit the money in that account take a screenshot and upload it here. Since easypaisa has a limit of maximum Rs25000 per month its acceptance will be manual and on first come first serve basis. Mobicash is not currently accepted. You can call urdubit or email them support@urdubit.com for manual easypaisa details.

After the funds have been deposited please upload a screenshot or the picture of the deposit receipt via the system. To do this first click on My deposits look for arrow with number 1. Then you will see the deposit request as denoted by arrow 2 and then click on Send receipt as denoted by Arrow no. 3. Once you click on that the system will ask you to upload the screenshot or picture of the deposit receipt that you took. Just upload it and wait. Urdubit has a process of 1 business day to realize deposits.

pkr-deposit-recipte

 

 

Send Screenshot
Send Screenshot

Depositing BTC:

Depositing btc or bitcoin into your urdubit is almost as easy as adding PKR. The biggest advantage for bitcoin lovers here is that they can deposit and withdraw btc anytime even without verification. You can anonymously trade bitcoins after depositing them and cashing out via btc. Hence its a safe haven for bitcoin trades that want to just use pkr as a trading pair with bitcoin.

Step 1:
Click on the button as pointed to buy the arrows:

btc-deposit

 

For whitedev theme the following screen will showup:

Whitedev
Whitedev

 

Step 2:
Important thing to note here is that you have to generate a new address every-time you want to deposit funds. Please do not send bitcoins twice to the same address as the system wont realize it and it is very difficult to realize them. Once you click that button the following will appear:

btc-deposit-first

Step 3:
Clicking Yes will generate you a QR code to scan through your cell phone and also give you the wallet address please see image below:

 

 

Wallet
Wallet

Deposits are fully automated and will appear in your wallet once the network confirmations are done. To check the status of the “My Deposit” and will show you the number of confirmations that are currently in progress.

Withdrawing BTC/PKR:

Withdrawing btc is fully automated now. To withdraw btc simply click the following button as shown by the arrows in the image:

withdraw-btc

 

Clicking on this link will give you a popup asking you to enter a wallet address. Just enter the amount you wish to withdraw (remember there is a network fee of 0.0001btc) and  address you want to withdraw. Once again I would like to remind you that this is instant and there are no reversals.

 

To watch videos:

How to use urdubit.com | urdubit