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1081  Economy / Economics / Bitcoin exchange Coinbase launches the Dow Jones Index of cryptocurrencies on: March 07, 2018, 11:45:00 AM
https://www.cnbc.com/2018/03/06/bitcoin-exchange-coinbase-launches-the-dow-jones-of-cryptocurrencies.html

Quote
Popular online exchange Coinbase is releasing a weighted index fund for cryptocurrencies.

"It's a very simple to use, easy way to get exposure to the crypto-assets that we offer on our exchange," Coinbase President and COO Asiff Hirji told CNBC's "Fast Money" Tuesday.

The Coinbase Index Fund will give accredited U.S. investors exposure to all assets listed on the company's current exchange, GDAX. The currencies will be weighted based on market capitalization.
1082  Economy / Economics / Re: Connections Crypto Market <-> Stock Market on: March 07, 2018, 11:38:55 AM
In the last two months we've seen a few bigger ups and downs in both the Crypto- and the Stock market.
Sometimes the drops were happening simultaneously.

What do you think, how strong are the ties beweet those two markets?
Are there e.g. people taking money out of the Stock market while it drops and putting it into Cryptos or vice versa?

If the same people are invested in both using margin, then they can become correlated as investors sell bitcoin in order to pay their margin fees i the stock market (and vice versa of course).

As soon as you introduce leverage into these systems they start to correlate.
1083  Economy / Economics / Re: Top 5 Tips For New Bitcoin Investors on: March 06, 2018, 12:48:04 PM
My top tip is this: both bitcoin and alts have flash crashes from time to time, and the way to take advantage is to set very low buy orders well in advance.

Sometimes you have to wait months for the orders to execute, but then it's extremely profitable because the price rebounds back and you sell at a decent profit.
1084  Economy / Trading Discussion / Re: crypto currency trading Pump and Dumps complete guide on: March 06, 2018, 12:45:54 PM
that's a good information but i rather to stay away from pump dump signals or telegram signals group , it usually comes with loss because whales already have bought the coins and trying to sell it to you in telegram signal groups!
usually coz they choose shitcoins , coins go dump as hell after it!

I think the point of OP's article is that by the time the coin is mentioned in signals groups it is already too late... They mention the coin in order to persuade you to buy what they are selling, so you end up the bagholder.
1085  Economy / Economics / Re: The future is not far off. Bitcoin is a currency or a speculative instrument? on: March 06, 2018, 12:40:29 PM
By what year will we switch to Bitcoin? Is it possible in your opinion?

It's a speculative instrument. There are too few coins and too many people on earth for it to be used as a currency.

My feeling is that it will be used as digital gold to store money, and another cryptocurrency will emerge as an actual currency that people use. Which one that will be is anyone's guess. That's the whole fun of crypto investing - you just never know.
1086  Bitcoin / Bitcoin Discussion / Re: Blockchain Needs Some Centralization, Says Chinese SEC Official on: March 06, 2018, 12:33:04 PM


i don't know if it is because of the translation from Chinese to English or is it just me but this statement doesn't even make sense to me.
first of all blockchain is not a software, it is just a ledger, or a chain of blocks and nothing about it is centralized.
even if they meant the technology and development of it, it is still not centralized.

and making anything centralized about cryptocurrencies is practically killing them. that is why altcoins that went that way are never going to succeed.

My feeling is that a lot of these "officials" have no idea what they are talking about and just sprinkle the conversation with buzzwords like "blockchain" to try to look like they are cutting edge, to impress people with even less knowledge than themselves.

It is impossible to have a blockchain without a coin, and it's impossible to have a centralised blockchain, yet you keep seeing both businesses and govts talking about it like it is possible.
1087  Bitcoin / Bitcoin Discussion / Overstock.com Says It's Being Probed by the SEC Over Cryptocurrency on: March 06, 2018, 12:27:41 PM
http://fortune.com/2018/03/01/overstock-com-sec-cryptocurrency-investigation-crackdown/

Quote
Overstock.com is being investigated by the Securities and Exchange Commission regarding its activity in the cryptocurrency field.

A company subsidiary, tZero, is hoping to raise $250 million through a token sale. But in an 8K filing Thursday morning, the online retailer said the SEC’s enforcement division requested “certain documents related to the offering and the tokens” in February.

Overstock said it is cooperating with the investigation.

It’s part of a larger cryptocurrency probe by the SEC that’s looking into whether there have been violations of securities laws as Bitcoin and other cryptocurrencies have traded in a largely unregulated environment. The Wall Street Journal said multiple companies have been put on notice in the past several months, but did not name them.

I think the message is plain old open source cryptocurrencies that can be mined by anyone are fine. But they hate ICOs.
1088  Bitcoin / Bitcoin Discussion / Re: Thieves in Iceland steal 600 powerful bitcoin miners on: March 06, 2018, 12:23:44 PM
Just to update on this story, they've arrested some people:

http://fortune.com/2018/03/05/iceland-big-bitcoin-heist/

Quote
Eleven people, including a security guard, were arrested in Iceland in connection with the theft of almost $2 million worth of cryptocurrency-mining equipment from local data centers.

Icelandic media are referring to the theft as the “Big Bitcoin Heist.” It’s not so much about the theft of Bitcoins themselves, though, but rather that of the equipment used to earn them.

According to the Associated Press, a judge on Friday ordered two of the arrested people to remain in custody.

There were actually four burglaries: three in December and one in January. The police held off from telling the public for a while, in order not to compromise their investigation.

Two of the burglaries took place on the southwestern Reykjanes peninsula, where local police commissioner Olafur Helgi Kjartansson said: “Everything points to this being a highly organized crime.”

There is always an insider involved in all these crimes.
1089  Bitcoin / Bitcoin Discussion / 'Cryptocurrency' Makes Its Merriam-Webster Dictionary Debut on: March 06, 2018, 12:16:51 PM
http://fortune.com/2018/03/05/cryptocurrency-merriam-webster-dictionary/

Quote
Cryptocurrency might already be the rage of the day, but it just got a whole lot more legitimate.

Among more than 850 new words and definitions added to the Merriam-Webster dictionary this month, some cryptocurrency-related words are making their debut.

The online version of the dictionary will now feature blockchain, defined as “a digital database containing information (such as records of financial transactions) that can be simultaneously used and shared within a large decentralized, publicly accessible network.” The word cryptocurrency itself and the term “initial coin offering” will also be added.
1090  Bitcoin / Bitcoin Discussion / Cambodia expected to follow Venezuela with plans for a national cryptocurrency on: March 06, 2018, 12:13:28 PM
https://www.telegraph.co.uk/news/2018/03/06/cambodia-expected-follow-venezuela-plans-national-cryptocurrency/

Quote
Cambodia is considering the development of its own national cryptocurrency after being inspired by the launch of the Venezuelan Petro in February.

The Cambodian crypto project would be named Entapay, and is expected to be proposed at a blockchain summit of Southeast Asian nations in its capital, Phnom Penh, on Wednesday, which will be attended by the country’s deputy prime minister, Men Sam An.

A press release issued ahead of the summit described Entapay ambitiously as “the connection between integration payment of encrypted currency and the real world. It has the great potential to even replace Visa as the new mainstream payment mode.”
1091  Economy / Service Announcements / Re: Bitit | Buy Bitcoin Fast on: March 06, 2018, 12:08:27 PM
BitIT has added Ripple and Litecoin to their listings:

https://www.cryptoninjas.net/2018/03/06/bitit-adds-support-ripple-xrp-litecoin-ltc/

Quote
Bitit, a cryptocurrency exchanger service hosted and regulated in France today announced they have added support for Ripple and Litecoin purchases.

Users can now buy Ripple, Litecoin, Bitcoin and Ethereum by credit card, cash and wire transfer using more than 14 fiat currencies (such as USD, EUR, JPY, KRW, CNY, TRY and more).

According to the company, they plan to add as many altcoins as it can in 2018.

The Bitit team said, “since we aim to remove the technical barriers of traditional cryptocurrency exchanges, making cryptocurrency easier for all, we are proud to provide a safe and intuitive solution that lets you access the leading blockchain assets from more than 50 countries using your own currency and preferred payment method.”
1092  Economy / Trading Discussion / Re: Best website for crypto trading with low fees ? on: March 06, 2018, 12:03:58 PM
I think,

binance and kucoin is low fees. or try cryptopia or use etherdelta low fees.

Be careful. Binance has very high withdrawal fees, that's how they make their money.

The best thing for OP is to look for sites that have maker/taker fees, so they pay less if they set orders in advance.
1093  Economy / Exchanges / Re: Any exchange/website to withdraw fiat? on: March 06, 2018, 11:56:41 AM
I don't care if you need ID verification or not the problem is that right now most of them work extremely slow or just do not work. I tried Bitwala but they stopped their services, CEX.io works extremely slow and bitstamp seems to require a lot of information before allowing you to withdraw fiat so what other alternatives are there? I tried localbitcoins and it was ok but I'd rather not use it again.

If you are in the USA, use Coinbase, they allow USD withdrawals directly to your bank account.

If you are in the EU, use Kraken, they allow SEPA withdrawals of Euros to your bank account.
1094  Economy / Economics / Re: Cryptocurrencies and our daily life on: March 06, 2018, 11:53:47 AM
When we will use cryptocurrencies ofr our everyday life?

There is nothing stopping you from doing it now. There are loads of businesses that accept bitcoin, Ethereum, litecoin and bitcoincash. Some accept doge, dash and other alts. You can purchase stuff on Overstock, or buy voucher codes to shop in other stores.

As far as I can tell the only reason people arn't going it is because a) they don't know they can and b) some are hoarding their currency
1095  Bitcoin / Bitcoin Discussion / Re: Politicians are getting in on the cryptocurrency craze to fund campaigns on: March 06, 2018, 11:40:38 AM
Basically, they can now accept party "funding" from any company they want discreetly.

Campaign funding is just legalized bribery! 

The important point though is that the more politicians who accept bitcoin as campaign donations, the more reluctant they will be to ban it. Because they'd be cutting off their own funding.

So I view this as a very positive development.
1096  Bitcoin / Bitcoin Discussion / Re: Blockchain Needs Some Centralization, Says Chinese SEC Official on: March 06, 2018, 11:28:52 AM
Yeah that’s not going to happen. Feel free to ban bitcoin again China, we’ve proved we can absorb the news & carry on trucking before.

The problem with China is that it is obsessed with control. And in the process they've closed the door to THE technological development of this century.

Meanwhile in their great rival Japan, adoption is proceeding apace.
1097  Bitcoin / Bitcoin Discussion / Blockchain Needs Some Centralization, Says Chinese SEC Official on: March 06, 2018, 11:23:24 AM
https://www.coindesk.com/blockchain-needs-some-centralization-says-chinese-sec-official/?utm_content=buffer65684&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Quote
An official from one of China's financial regulators argued at the "Two Sessions" conference in Beijing on Sunday that blockchains are better if not completely decentralized.

Acting as a policy advisor at the Chinese People's Political Consultative Conference this week, Zhang Ye, head of the technology unit at China's Securities Regulatory Commission, encouraged the public sector in China to embrace advanced technologies such as artificial intelligence and blockchain technology in public services.

However, at the same time, he cautioned that, while he believes in the potential of blockchain, to fully achieve its benefits will rely on using a centralized infrastructure.

"Blockchain's advocates for absolute decentralization have no solid ground, because [blockchain] itself is a software developed in a centralized way. So is the public key infrastructure, which remains an important feature adopted by blockchain," Zhang said in an interview with Securities Times, an official mouthpiece that covers the securities industry in China.

They want to control the developers...
1098  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XRP] Ripple Speculation on: March 06, 2018, 11:18:08 AM
So, what are the thoughts? Smiley Coinbase or not Coinbase.

Question for 400th page.

Coinbase has issued a denial:

https://twitter.com/coinbase/status/970746383308177408

Quote
Our January 4th, 2018 statement continues to stand: we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.

1099  Economy / Speculation / Re: Why bitcoin is worthless on: March 06, 2018, 11:00:54 AM
If bitcoin is worthless then why is the author writing an article and his praising decentralization?

LOL. It earned the author some money!

Of course bitcoin isn't worthless. Last I checked it was worth $10,933, which is great considering that this time last year it was worth about $900.
1100  Bitcoin / Bitcoin Discussion / Exchanges Make Millions a Day Off Crypto Fees on: March 06, 2018, 10:50:28 AM
https://www.bloomberg.com/news/articles/2018-03-06/exchanges-make-millions-a-day-off-crypto-fees

Quote
Traders and miners aren’t the only ones cashing in on the cryptocurrency boom. Digital-asset exchanges are emerging as one of the biggest winners with the top 10 generating as much $3 million in fees a day, or heading for more than $1 billion per year, according to estimates compiled by Bloomberg. “The exchanges and transaction processors are the biggest winners in the space because they’re allowing people to transact and participate in this burgeoning sector,” said Gil Luria, an equity analyst at D.A. Davidson & Co.

Here is the graphic accompanying the articke: Binance is doing the best

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