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It's really hard to say what is going on.
The general public appear to be scared by the way bitcoin fell 50% from the top, so orders from noobs have dried up. Some old hands cashed out. Some speculators are still buying the dips. And there are some hedge funds who are interested in holding some bitcoin simply to diversify their portfolios because bitcoin appears uncorrelated with other assets. Which group is the strongest is anyone's guess.
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Can you give us a link or any proof that the news is a genuine? Because I think it is hard for the bitcoin to hit in 50k usd since it was came from crashed. Well, if its true then we should celebrate.
There isn't any "news". More likely just some guru trying to persuade people to buy bitcoin now in the hopes they can relicate last year's price rise. I don't think bitcoin will get to $50,000 this year. I think we'll be lucky to get to $16,000. |
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Hi folks, few days ago i made some transaction on Xapo, and get a mail that i need to do KYC verification to get my btc liquid again. I send some of the requeriments i have here, but the rest im not agailabe to send soon because im not home.
Did some1 have the same problem and got his btc stucked by Xapo?
If i refuse to do the KYC process did they release my btc so i could put them on some hardware wallet or?
If you refuse the KYC procedure, they will seize your coins, and you have no redress. This is an unregulated space. That's why you should keep your coins in your own wallet rather than in an online wallet that can change it's rules on a whim. |
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That is what i have also experienced personally in past years, the cryptochrrency market is absolutely occuring in cycles, i agree 100% with your post. A real trader knows how to deal during these down trends occurrrence, however i doubt newbies or less knowledge keeping people will lose their coins by panic selling
The past is not a guide to the future though. Your advice is similar to the advice given to people in the 1992-2000 bull run in stocks. Buy the dips was the conventional wisdom. Till the trend broke. It's the same with the bond market. From 2000 to 2018, bond prices rose and rose as interest rates ground downwards. And suddenly, just like that, the trend turned. Be hyper alert for the trend turning, don't just assume that things will be like they were. |
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Chill out people.
I remember the stories around the time Google was doing it's Initial Public Offering (IPO). They decided to by-pass Wall Street and set up an auction for the public where people bid what they wanted to pay.
In response there was a sudden flurry of articles in the press complaining about the energy Googles data centres were using. "As much as 5 million houses" read one title, if I recall correctly. The way people were going on at the time, you would have thought Google caused climate change all by themselves.
Then when people who bought the shares started making profits, the stories suddenly went away!
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Here's an interesting article on how the US govt seizes the assets of criminals: http://fortune.com/2018/02/21/government-forfeiture-bitcoin-auction/Enterprising agents figured out ways to snag suspects’ currency when it wasn’t protected. To get Ulbricht’s Bitcoin, they snatched his open, unlocked laptop from under his nose while arresting him in a San Francisco library. (As for Cazes, he was logged in to an AlphaBay administrator’s account when agents rammed a car through the gate of his Thailand estate.) By the time they busted the Dread Pirate, the marshals had got up to speed: They controlled at least two digital wallets of their own, to hold the Silk Road currency and receive Bitcoins seized by other agencies. “This was cutting-edge stuff,” says Sharon Cohen Levin, a longtime chief of the asset-forfeiture unit in the U.S. Attorney’s office for the Southern District of New York, and now a partner at WilmerHale. “We’d never done something like this.” |
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"experts" are usually biased and because of the they can not agree with each other. they always promote what gives them the most profit. if they want to sell, then they will say price will reach $100,000 and if they want to short they will say it will plunge to $6000.
and bitcoins volatility makes them both come true at some point. we already saw the $6k despite it being impossible after the strong buy support at $10k!!! and right now another dip again despite the same strong buy support at $10k! ....unpredictable....
Most of the experts in the press are just journalists making stuff up on the fly because they have a deadline to hit and they need to put in reasons for the price move to pad out their article. |
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Its difficult to imagine a scenario where an existing altcoin or fork achieves a higher market cap than bitcoin. Perhaps if a future alt were rolled out with significantly superior technical capabilities: greater transactions per second, higher security, better support for loans or assorted substantial improvements it might be possible for an alt to attain a higher market cap. The way things are now, it doesn't look as if there are serious contenders who are likely to dethrone bitcoin anytime soon.
I think Ethereum is already there in that it has quick confirmations and offers something bitcoin doesn't, which is smart contracts. Ethereum is also gaining merchant adoption. If it does take the #1 spot, things will be as now, just with the roles reversed. Bitcoin will continue to have it's die-hard fans, so it shouldn't have trouble maintaining the #2 position, perhaps building a niche for itself as digital gold. |
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I knew it was coming, and it's finally here. SegWit.
I made a transaction earlier today, it took about 20 minutes to be confirmed, and the fee was a ridiculous (compared to what they were a few weeks ago) 0.000012 BTC. Just a little more than a dime.
I'm really happy to share such good news. Enjoy!
I'm not sure it's down to segwit - I think it's because the number of transactions is down to Nov 2015 levels. See the following chart: https://bitinfocharts.com/comparison/bitcoin-transactions.htmlFor example, the number of transactions in the last 24 hours was 186,953, whereas in December it was hitting 400,000 transactions a day. As to why teh transactions have dropped - I think some exchanges are batching, but also the old hands who were sending coins to teh exchanges trying to cash out in Dec have stopped. |
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Both Cliff High and McAfee have made bold claims about Bitcoin's future. McAfee recently claimed that Bitcoin would reach a million by 2020. Do you take these predictions seriously?
McAfee is a nutjob, he'll say anthing to get followers. Then he shills them some obscure altcoin that he's carefully loaded up on. I don't think it's actually possible for bitcoin to be worth $1,000,000. There are 21,000,000 coins - that would make the market cap $21,000,000,000,000. Does that seem likely to you? |
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It's just profit taking. It went quite fast from $9,000 to $11,000 and some traders have closed their positions and taken profits.
Bitcoin is always like this - it fluctuates like mad thanks to a mix of speculators and various bits of news that move the price.
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It is interesting how the goverments that are more keen on having the KYC are also preventing people from investing. I think the process itself is stupid and prone to false info.
They're using KYC requirements to prevent investment. In other words they don't want to come right out and ban things, so they throw sand in the works instead. |
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So, I bought some Bitcoin diamond on an exchange. It was a lot cheaper than another exchange. I then went to move it to the other exchange, but I realized that deposits were disabled on the other exchange. I figured it was just scheduled maintenance. I then did a bit more research and realized that BCD tokens are only futures - not actual coins. They blockchain explorer just hangs.
So, what's going on? Have I just blown my money on a scam? Or, are the few exchanges that trade BCD futures just on pause?
Where did you buy it? Futures markets are different from spot markets (and you can't move coins between the two) There are quite a lot of markets that are trading actual bitcoindiamond: https://coinmarketcap.com/currencies/bitcoin-diamond/#markets |
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It looks like the success of the ICO actually made Venezuela's fiat currency, the bolivar, jump in value too. It's a little less worthless than it was: https://twitter.com/rusilsarkar/status/966610314983804928Venezuelan Bolivar(VEF) jumps 250,000% vs USD upon launch of Venezuela's own cryptocurrency Petro  |
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Go to coinmarketcap and sort by 24 hour trading volume, and then look at the top 10 coins by trading volume. You need high volume for day trading, because you need to be able to exit your trades quickly (which you can't do on the coins with low volume).
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https://www.bloomberg.com/news/articles/2018-02-22/bitcoin-faces-new-obstacle-as-france-clamps-down-on-derivativesFrance’s top markets regulator is getting tough on cryptocurrency trading.
The Autorite des Marches Financiers said on Thursday that online trading platforms for cryptocurrency derivatives fall under the European Union’s MiFID II regulations and face tough new reporting and business conduct standards. The platforms should also be barred from advertising the products electronically, a common practice in the industry.
The Paris-based AMF said the “recent cryptocurrency boom” spurred online trading platforms to offer binary options, contracts for difference and other derivatives tied to cryptocurrencies such as Bitcoin. That spurred the regulator to analyze the products, which have been offered by firms including Plus500 Ltd. and IG Group Holdings Plc.
The two derivatives brokers touted cryptocurrencies products in earnings reports this quarter. Kelsey Traynor, a representative for Plus500, said all of the firm’s CFDs, including those on cryptocurrencies, are compliant with the framework set out by the AMF. Representatives of IG Group didn’t respond immediately to requests for comment. I think this applies only to derivatives of bitcoin, which is fair enough.
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Let's see if it actually does in practice. The sanctions are on the use of USD - and in order for the Venezuelans to use their cryptocurrency to buy food and whatnot from outside Venezuela, they need to be able to sell their new currency for dollars... |
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So good news for all the coffee lovers that were unable to buy a cup without spending 30$.
And even better, no more "accelerator services" threads and scammers on this forum.
Sadly, none of the shops that disabled bitcoin payment have re-enabled it. Which means you can't get a cup of coffee with bitcoin... |
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http://www.telegraph.co.uk/technology/2018/02/13/bitcoin-exchanges-form-first-uk-trade-body-regulators-circle/Seven of the largest crypto companies are forming a UK cryptocurrency trade body, bringing in the first self-regulation for the wild west sector worth £290 billion.
CryptoUK, whose members include the popular Coinbase exchange and trading platforms eToro and CryptoCompare, said it had produced the first code of conduct for the industry to abide by.
The companies said they hoped the regulations would form the first part of broader UK rules around volatile cryptocurrency trading.
CryptoUK chair Iqbal Gandham said there was a risk of "rogue operators", but the new body had been established "to promote best practice and to work with government and regulators".
The group, which is self-regulating, is also seeking buy-in from the government and official regulators such as the Financial Conduct Authority. The Treasury is currently working on amendments to international money laundering rules to include Bitcoin and cryptocurrencies with an update expected in the coming months.
The group said the new body did not include Initial Coin Offerings, or ICOs, which see investors buying digital tokens in startups, often with no guarantees for their investment.
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I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.
You need to sell on the way up, in small percentages. Nobody can time the exact top, and no-one times things perfectly, so you take profits gradually as the market moves up. The reason people don't do this is greed - they think it can go even higher. This is foolish thinking. Take your profits, don't think about how much more you could have made. Just be glad you are in the red. |
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