1) We will eclipse 50% at some point this year, don't know if that will be now or later on

2) If it drops that is okay and expected moving ahead. Last year dominance was 65% towards years end, this year I don't expect higher than 55%, and every year moving forward I believe dominance will slip slightly. Who knows it could never go under 25%, but yet somehow I doubt that.

I'm sure the crypto market will recover by the end of March - beginning of April. The same happens every year - 2015, 2016, 2017.

Indeed, how much can they earn?
I lost touch with altcoins but I think they are still mining monero with that cpu power.

wow i am glad that you give me the information about what i am asking, i just curious about the lost crypto or bitcoin  if it was steal or not, they can know what is the cause of bitcoin lost?

The MTGox trustee should know by now that he is the most hated man on Bitcoin. If no one has told him already, he must have seen some news.

If he doesn't stop, he is going to end up dead. I don't think Bitcoin $billionaires are enjoying this shitshow. So I think from now on he is going to go OTC as he should have done, unless Nobuaki Kobayashi wants to keep gambling with his life for god knows what reason.

I predict that the next week we will see some kind of official statements of sales going OTC. The market must take around 48 hours to digest these news and a bottom will be called. Buy the dip as usual.

I don't live in the US but how do you think this would affect prices there? I mean, the automobile industry seem to be a heavy user of those metals and from what I've gathered Americans seem to NEED cars. Would the consumers be fine with the price increases?

Yes this is a bad news that JAPAN suspended some exchanges for trading Bitcoin. This will effect the crypto market negatively. Bitcoin may comedown to $8000.

I still can't see how they could have caused the decline in price though from looking at the prices in that time period and the average price they attained. If they had been selling the highs to trigger this thing then they should have got much more than 10K average.

The sale of just 20,000 bitcoins caused such a large drop in the crypto-currency market? If this guy has another 180,000 bitcoins, then he still puts us in trouble with the price of crypto currency. It seems that the further growth of the bitcoin course will not be cloudless.

  I believe that any exchange at any time with any protection is always a risk and even more so if you give access to your account to third-party programs or bots.
  Binance is no exception.
Loss of deposit on the exchange is painful, but on the other hand it is important to comply with risk management and understand that trading on the exchange puts your money at great risk.

The arrival of lab-grown diamonds has challenged the widely-held assumption that diamond prices could only go up

The spread of synthetic diamonds in China, originally designed for industrial purposes such as oil drilling, is posing such a threat to the global diamond market that it has forced dominant player De Beers to invest tens of millions of dollars on methods to identify the man-made stones that look exactly like the real thing.

The head of the EU’s supervisor of supervisors has struck back at calls to regulate cryptocurrencies in a speech that warned against overly regulating fintech firms.

Andrea Enria, the chief executive of the European Banking Authority, suggested on Friday it would be more effective to prevent banks and other regulated financial institutions from holding or selling cryptocurrencies rather than regulating the digital coins themselves.

His comments come a week after Mark Carney, the governor of the Bank of England who also chairs the G20’s Financial Stability Board, called time on the lax regulation that cryptocurrencies had so far enjoyed. Mr Carney was just the latest central banker to urge a tightening of scrutiny.

“Recently, several central banks have argued that cryptocurrencies lack the institutional back-up of a central bank and cannot fulfil the traditional functions of money . . . I am yet to be convinced that this is a sufficiently strong argument to attract cryptocurrencies under the full scope of regulation,” Mr Enria said in a speech in Copenhagen, according to prepared comments.

He added that the EBA back in 2014 had suggested a better strategy of limiting regulated companies’ exposure to cryptocurrencies.

Mr Enria advocated not applying the full weight of regulations to fintech firms if they did not perform the same functions of providing liquidity, credit and debit. He also said an EU-wide approach was essential if fintech firms were not to lose out to competition from China and the US.

“An excessive extension of the regulatory perimeter . . . is likely to be a sub-optimal solution. It would risk excessively constraining financial innovation, as the compliance burden placed on banks is not sustainable for small innovative start-ups,” he said.

However, he added that regulators should “never let de facto banks combine deposit-taking and lending outside the umbrella of strict regulatory requirements and effective supervision”.

With Netflix being up 13,488%!!! Will Jamie Dimon or Warren Buffett bashing netflix as being the next big bubble to rival the dot com bust and tulip mania? I admit that might represent a non sequitor on my part, the stock market after all is a tried and tested means of investment while bitcoin and crypto altcoins are not. There is a fundamental difference which separates bitcoin from stocks, equities, commodities, precious metls and other traditional forms of investment after all. This could make the job of analysts and experts very difficult as they attempt to quantify new cryto assets which may be sailing in uncharted waters.

However, might it be safe to say that the type of price growth as exhibited by bitcoin over the past 20 months can be sustainable under certain conditions, and that it may not be as unlikely or rare an event as many talking pundits in the media claim?

The governor of China's central bank struck a critical tone on cryptocurrency speculation during a media appearance on Friday.

Speaking at a press conference amid the Two Sessions, China's annual political event, People's Bank of China (PBoC) governor Zhou Xiaochuan took aim at cryptocurrency projects that have shifted away from their purported use cases in favor of promoting what is essentially market speculating.

"Lots of cryptocurrencies have seen explosive growth which can bring significant negative impact on consumers and retail investors," Zhou said. "We don't like (cryptocurrency) products that make huge opportunity for speculation that gives people the illusion of getting rich overnight."

The comment may signal an increasing level of scrutiny down the road by the PBoC over initial coin offerings and trading services that are still available for domestic investors, even after regulators issued a ban on ICOs and essentially pushed fiat-to-crypto exchanges out of the domestic market.

Let's sum up that with the market?When will this market correction come to end?
After all,the Chinese New Year already passed..

Discuss!

A committee in the Arizona House of Representatives has recommended the passage of a bill allowing state residents to pay their tax bills in bitcoin.

Public records show that the House's Ways and Means Committee advanced the measure on March 7. While the bill won't be finalized until the full House puts it up to a vote, the endorsement raises the likelihood that it will be sent to the governor's desk for signature - and become state law.

Lawmakers first began considering the measure back in January, as CoinDesk previously reported. If approved, residents can pay "tax and any interest and penalties" using "bitcoin or other cryptocurrency." While the specifics of this process will likely need to be fleshed out further, the measure also calls for the state's Department of Revenue to convert the cryptocurrency to U.S. dollars within 24 hours.

Arizona's State Senate passed the bill by a 16-13 vote on February 8, as reported at the time, and the bill was then passed on to the House just over a week later.