If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?
What casino does and what they are really interested about is the unit value of bitcoin so it does not matter whether thebprixe increases of reduces. If I am due for 0.04btc I guess that's exactly what I should be sent and if the value should drop they won't be held responsible after all I am not going to pay them or say they should reduce the 0.04btc should in case the price of bitcoin increases its part of the risk we are to take as holders of the coin. |
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Bitcoin is correcting and all altcoins are going into the red, not a single one was able to survive. Now it's time to think what alts to pick before they pump again for more BTC profits before everything continues going up.
I was considering LTC, but if BTC finally gets segwit the whole value proposition of LTC vanishes.
Then ETH with its never ending corporate pumps it's a good idea to hold even tho smart contracts are just a meme.
What else is out there?
I have equally laid my hands on quite a number of some which has turn out pretty well while some have not live up to expectation from the options there, my hands is still on ETH and SQL. For ETH, I believe development in that regards is really high and the growth is still happening. SQL on the otherhand is my baby in which I am fully going to believe in no matter what come whether pump or dump. |
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Nearly $4 billion has been wiped off of the value of bitcoin in the past four days after a correction that has seen the cryptocurrency's price fall almost 19 percent from its recent record high.
On May 24, bitcoin hit an all-time high of $2.791.69. But on Monday, the digital currency was trading at an intra-day high of $2,267.73, marking a more than $520 drop or 18.7 percent decline since the record high, according to data from CoinDesk.
"The correction was actually quite brief, the prices today are still higher than that of a week ago," Bobby Lee, CEO of BTCC, a major bitcoin exchange, told CNBC by phone.
"I think the pullback was just a profit taking, a correction from the skyrocketing prices of last week."
Bitcoin's market cap fell from $40.49 billion on Thursday to around $37.08 billion on Monday, a roughly $3.4 billion decline in value.
Last week, Nicola Duke, a technical analyst at analysis platform Forex Analytix, told CNBC that $2,800 could mark a level of resistance where bitcoin pulls back. The analysis appeared to be correct with bitcoin reaching within $9 of the price before falling to the lower levels on Monday.
BAM! Now let´s go back up!
All I see here is just a form of cosmetic defence for bitcoin price because anyone who understand how things work will know that the increase being witnessed that last week is highly unsustainable and its bound to fall which is exactly what eventually happened without any regret. Whether correction or non-correction, the price of bitcoin is just volatile in that when one is ready to make some money through trading, you need to be so careful when the price is just showing upward trends alone like last week. |
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Just hearing in the wires that Russians largest payment processor will be accepting BTC payments imminently. It's already been coded. Go live within days.
Updates to follow...
This is good news happening but I personally won't want to go ahead of myself too much even though there is link to the reference for such information. The reason why I won't is because when it comes to such massive adoption that would likely shake the direction of prices, then time is needed for adequate preparation in which several contingencies might even arise at the point of implementation when it comes to the political class. |
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Exploding demand, high premium
"Zebpay, one of India’s Bitcoin exchanges, has over 500,000 downloads of its mobile app and is adding about 2,500 new users every day."
The scarcity of Bitcoins in India has resulted in Bitcoin being traded at a significant premium. The Bitcoin price in India touched INR 225,000 (~$3,500) before declining slightly. International users cannot arbitrage the demand for Bitcoins in India due to capital controls and foreign exchange regulations.
Exchanges overwhelmed
So how are exchanges coping with this overwhelming demand?
Zebpay urged investors to be cautious while buying Bitcoins, citing the high volatility
Zebpay tweeted “Bitcoin prices are very volatile right now. Please use caution when investing. This is a new technology innovation on a global but early stage. Your investment should match your knowledge. Be safe!”
However, this didn’t have the intended effect on Bitcoin investors. Zebpay later introduced a daily limit of INR 50,000 (~$780) on Bitcoin purchases.
Zebpay tweeted:
“Dear user, we have put temporary buy limits of Rs 50,000 per day due to the shortage of Bitcoin stocks. These limits are temporary and will be revised as market conditions change.”
The situation was no different at other Bitcoin exchanges. Coinsecure, one of India’s leading exchanges was down, citing the exponential growth of users causing stress on the Company’s systems. The company expects the downtime to continue over the next few days. Visitors to the website were greeted with the following message.
Letter
I really want to understand the basis for the massive amount in buying as I have a feeling that most of those buying are doing if out of ignorance because I have not read anywhere India has adopted bitcoin as people there will believe its a get rich quick scheme they force the price so high and the moment they realise they are not getting what they bargained for, they dump which will end up affecting the mentality of other users around the world. |
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So I bought some alts a couple of days ago, Ripple, Nem, Decred, Maid. And as the bitcoin bubble has popped, every alt has felt it, down considerable amount in the past couple of days.
So my question to all like me who have invested at the wrong time is, are we not stuck with these alts for long? Because I don't see a climb up so quickly, so either we sell and lose, or we wait for an unknown length of time.
What are you going to do?
Coming into the crypto in the first instance should come with its risk and the cryptic trading is also so funny in the sense that the price might even surge the next minute and someone might lose out even keeping long-term might either be good decision or worse decision. Either way when you get to the point where you cannot take the loss again you are free to opt out witthout any repercussions. Just count your losses and move on. |
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I've never seen a coin with this much revolutionary technology be completely unknown for more than like a week on this forum. Normally things like this go viral in days on here. XtraBytes deserves your attention. Completely revolutionises how the blockchain works and solves ALL the current problems with crypto. NO POW, NO POS, NEW code, 100% cast iron can't be hacked 51% attack solved, scalable and fast due to chords consensus combined with Static nodes built into the chain. Nothing like this in Crypto and I didn't see anyone talking about it, Wtf? This gives some basics. https://medium.com/@xxxxxxxddfeutt/how-the-xtrabytes-blockchain-works-69979081bf42You have the reason for your conclusion which I am not disputing but if the developers don't want us to know about it by not creating a thread here, how are we suppose to go and start scouting for information on the net with no one to provide answers when needed. If the developers are interested in carrying us along, then a thread needs to be created in that regard and be ready to provide answers to requisitions accordingly. |
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i'll just pretend i'm not reading a staged tennis match between two artbyte holders...
I must really have to laugh at this and in short I don't see anything wrong in that even if its between two investors with mutual interest. A 3year old coin needs all the supports it can get from every quarter and no amount of this is too small. Aside that, what really matters is that what is what is being said about the coin true or not and so far that is ascertained, then I have no problem. |
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Although several things are very much possible in the crypto-world but at the same time somethings are kind of difficult to be possible which sometimes can be categorised as impossible and among such is what op is saying that ETC will replace ETH where most development is on ETH and aside that ETC is only relying on the popularity of ETH in which without that, there is no room for ETC as at today.
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Cryptopia looks like a great scam exchange,so many "weird" ativity, specially from tha time they want to list coin only by paytopya.
Same issue, can't access to my btc balance on site.
Sometimes I just wonder what people gain by pulling down another one's project without even fully understanding the whole issue surrounding an event at the same time not fully exploring all the available opportunities to rectify the situation at hand. It might be they are experiencing difficulties as some people have rightly used them without any difficulty till now. Even the thread is not necessary until the option of support has been exhausted. |
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IOTA has trillions of coins in supply that have been manipulated to 100x ICO price by getting traded privately before getting on exchange, expect major dumps. Initial investors are itching to get demand for these coins and dump them on peoples' head. It can get on exchanges at any time from now.
When allegations such as this are made, its best if its backed up by facts and verifiable source like others have rightly said because your warnings does not mean all those interested will read this while some will read and interpret as a troll because of the fact that the warning is lacking in content. Also, there are several people outside the forum who are likely going to be involved more than what you imagine. |
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what is the use of this coin. why price is droping
probably because this coin is fake no real TOR support, possible infection via wallet, and the value is backed by just c-cex with fake pump, and the signature is not helping at all because who is payd for this is dumping fast and forgot about it, which make the price tank quickly, very bad advertisement Several coins have passed through what TorCoin is going through and its going to be a matter of time for us to know whether this will live up to expectation or the prediction of people like you will come through. For those earning and dumping, that is not an excuse for the tank in price because its their job and it does not matter how they wanted to utilize it and even currently the TorCoin exclusive campaign has been discontinued with reduction in the number of people in the campaign as well which I am sure part of the reason to to avoid unnecessary dumping. I equally bought more in addition to what I earned. |
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TorCoin up over 200% today! Price is close to $3 and rising fast! Mostly due to Chinese and Russian investors buying up the coin
Anybody know Chinese or Russian speaking individuals that can help write a warning to the Chinese and Russians? I'd like to make sure they know it's a fake coin too. From what you have in your signature, it shows you are an engineer and a musician and at the same time faulting this project which I am obviously not against as you have the right to be heard just like every other person whether for or against this project. However, I would appreciate if you give a detailed explanation of your concerns which has not been addressed to by the developers and I am sure they will attend to it and if its valid then the community will decide. |
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We are still here and providing the support necessary for squall and as we await the production of the next batch which is nearing completion in the days coming ahead, we will also be asking for your support in getting squall listed in some of the exchange site also in the coming days. Thank you for your support so far and don't forget that squall is still being traded on yobit. You can get it there. Thank youbso much...
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Ethereum price is very high right now and the fee is affordable. Not like Bitcoin, ethereum transaction fee is lower than $0.5. It will be very great if someone can start a revolution and open an ethereum market where we can sell things, buy things, and hire people who are seeking for work. With ethereum, we can easily develop a micro transaction system
If you had made your case for Etherum without bringing bitcoin into it, I would have supported heads on without reservation in which I am still supporting that etherum create a niche for itself which will continue to increase the market value of Etherum itself. But the issue of price for transaction fees, to me bitcoin is still doing fair when comparing the current price of the both currency in relation to their transaction costs. |
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Several times questions like this concerning one alt or the other arises as it relates to its preferred price but the issue is that no matter how much we want it to reach the moon so we can make profit and pride in ourselves that we made the right decision at the time when the price was at the low ebb, everything will only amount to mere wishing as it won't happen by magic or all of a sudden without support to make that happen by users and more importantly by developers.
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Hey guys,
I'm currently a medical student in the US and will graduate heavily in debt in order to chase my dreams. The prospect of being $300k+ in debt is extremely anxiety inducing to me and have seen how it cripples freshly graduated residents. Until recently I've seen this as nothing but an inevitability but after following cryptocurrencies for some months, I've seen the promising potential of this field. I placed a test investment of a few hundred dollars and have already doubled my initial amount in less than two weeks. I am considering taking out an extra 10k in loans to invest in crypto (relative to 300k it seems like a drop in the bucket). Do you guys think it is in the realm of possibility to have that investment eventually pay off my debt? Currently I am invested in NEM, Waves and Wings. Thank you so much for your help!
In addition to what others have rightly said, putting $10k won't even change your loan status if everything went wrong and you have to lose your investment but will go along way in changing your status if the positive should happen which is what you are hope for. Considering how tight your schedule will be, I will suggest you look for one potential alt after careful analysis or even bitcoin and put in the money long-term as this is the only sure way to relieve your debt. |
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