RULES AND REGULATIONS GUIDING BUYING AND SELLING OF BTC

1) Buyer of BTC Pays first and seller confirms money before sending BTC to Buyer.
2) The moment Buyer or seller says Price and amount of BTC is *LOCKED* and bank account is dropped, either parties cannot cancel the smart contract
3) No looking down on any seller or buyer, BTC is BTC, Buyer can buy any amount of BTC as long as seller is willing to sell and vice versa.
4) There should be mutual agreement between Buyer and seller and well stated before price is locked, once price is locked, any party that cancels the deal will have to pay (2-10% In debate mode), to the other party that did not breach the contract.
5) Third party payment is not allowed but if otherwise, it should be clearly stated between Buyer and seller if they accept or not before the Smart Contract is *LOCKED*. (3rd party payment can come from a Naira swap between a Trusted 3rd party to avoid bank delays)

6) Any 3rd party breach of contract or force majeure should be reported to any of the admins for further investigation and final judgment shall be given based on proof provided by the party affected and the other party involved. *(BANKS are also 3rd party)*
7) Buyer should ask the house to vouch for a seller before going into a smart contract with the seller.
8) By remaining in this group, you have accepted the above rules and *REGULATIONS GUIDING BUYING AND SELLING OF BTC*
9) Be Civil

Price of BTC drop and forcast !

*What really influenced the drop in the price of Bitcoin from its all-time high to where it is at now, and do you think it will get back to $20,000 or even higher?*

The drop in Bitcoin was due to those 4 reason:

Why bitcoin — by design — won’t become worthless, according to this crypto heavyweight

Bitcoin protocol is set up to be adjusted as mining conditions worsen, says teaching fellow Andreas Antonopoulos

 

As bitcoin flounders to its lowest level in 14 months, concerns over mining profitability have some wondering if the best-known cryptocurrency is headed for a hard landing as those solving the complicated puzzles hit the off-switch on their energy-guzzling mining equipment.

The price of a single bitcoin BTCUSD, -6.17%  has fallen 75% in 2018 and is down more than 80% from its all-time high.

Bitcoin Fundamentals ‘Still Intact’ Despite Price Lows, Says Blockchain Intelligence Group

The 2018 cryptocurrency price decline is a result of investors’ “lack of education,” the CEO of Canadian firm Blockchain Intelligence Group (BIG) said in an interview published in German economics news outlet Finanzen.de Nov. 23.

Speaking with a representative of German investment bank GBC AG, BIG’s CEO Lance Morginn suggested the combination of entry-level investors piling in during 2017, regulatory uncertainty and standard principles of supply and demand resulted in the 2018 bear market.

Bitcoins Clock 10 -Ten Years Since Satoshi’s Vision Was Brought to Life

The evolution of key industries have been historically driven by groundbreaking technological innovations that leave an indelible mark on society.

The printing press led to the scientific revolution, the discovery of electricity brought light to the world, radio waves changed the way information was delivered to the masses, and the internet completely overhauled the way we communicate and interact with information.

Jamie Dimon Comments on Bitcoin Yet Again, Says He Doesn’t Give a Sh*t About It

On the eve of the 10th anniversary of the Bitcoin (BTC) white paper, Oct. 30, JPMorgan CEO Jamie Dimon found himself speaking yet again about the leading cryptocurrency, notwithstanding his track record of attempts to extricate himself from the debate.

As CNBC reported Oct. 31, Dimon made his “reluctant” comments at the Axios conference in Los Angeles on Tuesday. Referring to his now-notorious statement that Nakamoto's invention is little more than a “fraud,” the CEO told the audience:

Malta's Prime Minister Tells UN That Crypto Is the 'Inevitable Future of Money'

The Prime Minister of Malta, Joseph Muscat, has said that cryptocurrencies are the “inevitable future of money,” and that blockchain can galvanize a more transparent and equitable society. The Prime Minister made his remarks in a speech addressed to the general debate of the 73rd Session of the General Assembly of the U.N. September 27.