I find the daily thread on https://www.reddit.com/r/BitcoinMarkets/ is best for bitcoin news - pretty much everything that might influence the price is in that thread. For alts this forum is better as it has a load more info on alts than reddit |
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Earlier increase in crypto mining led to shortage of GPU chips which were used for building mining equpments.So its high increase in price severely affected the PC gaming industry.And now,its turn for industries which were indulging in search for aliens.GPUs are important for building radio telescopes used for researching extra terrestrial life.Now there is a huge shortage for GPU chips,thanks to crypto mining. http://www.bbc.com/news/technology-43056744Yeah, well... Aliens arn't as important as the bitcoin revolution! |
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Have you managed to make any profits at all from your ICO investments? If you only invested in December, it's too soon to tell whether a coin will perform or not. You have to help things along by building a community, ensuring that the coins are listed on many exchanges etc, and it's hard work.
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Spot on. And this is why so many developers are going down the ICO route, instead of doing it the hard way and developing for free, launching a cryptocurrency with open source coding which anyone can mine. and then working your socks off to promote it in the hopes that the few coins you managed to mine might end up worth something eventually.
This is also the reason the SEC made the distinction between ICOs and cryptocurrencies in the US senate hearing. It's because ICOs tend to be significantly dodgier than your plain old open-source crypto that anyone can mine.
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BTC broke above the 9017 resistance point which was a low produce on January 17th, 2018 from the GDAX exchange.
The next resistance level is 9499 which was a high point on Feb 3rd before the last drop.
Why is this important? Because BTC will be producing higher highs and higher lows which is the definition of an uptrend. This suggests that the previous low MAY have been the bottom price for 2018.
I say _may_ because BTC is still in the downwards trend channel. Once it breaks out an over the upper trend line, I speculate that it's off for a bullish (and volatile) run for 2018.
I am glad that you have presented a good speculation there but on what grounds do you base your facts on? Is it only because of price movements in the past few months? If that is the case then your speculation have low chance of it happening since bitcoin price cannot predicted merely by looking at charts and past price movements alone. It needs to also be backed by good and bad news(upcoming ones) and other factors for a more accurate guessing. He's using TA, which has been pretty reliable recently. But as you say, there could be unexpected news that disrupts teh charts - anything from a major exchange collapse to a world war could affect the price of bitcoin! |
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How, for example, do you check the reputation of an Exchange? Are you just asking on btk or use some other sources?
Google the name of the exchange + "scam". When people have problems they post about it on reddit or in forums like this - and it will come up in the search results with "name-of-exchange scam". Read all those posts to see what the problem is. Sometimes it's obvious that it's user error and they're just blaming the exchange because they don't want to admit they cocked up. But other times, they highlight serious problems with teh exchange. Look in particular for difficulties in withdrawing funds. |
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I voted for Kraken. They've fixed the bugs in their trading engine and it now works smoothly. In my opinion they have the best customer support, of the few tickets I have raised, they have responded within 24 hours. They are also pretty good at communication - they actually have dedicated employees patrolling reddit and bitcointalk to sort out problems people raise.
Best of all - their fiat withdrawal of euros via SEPA. They charge just 9 cents per withdrawal, and if you request a withdrawal in the evening, it is in your bank account by 2 p.m. the next day.
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And boom, there we go. We just broke the $9k resistance at the time of this writing. Actually, I just saw it being mentioned by numerous people in Twitter and I literally ran to my laptop to check it. We still don't know if this will a bull run for the coming days and weeks but this is a good thing to have. This will be very important if it will hold its ground at this level. Hopefully, $9k will become our support line moving forward.
The next day or two is critical - if we stay above $9k, the next target is $9,800. |
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Litcoin is having it's own fork, to create Litecoincash: https://www.newsbtc.com/2018/02/14/deep-divisions-over-litecoin-cash-fork/Litecoin founder Charlie Lee has been extremely active lately posting warnings on social media about a forked version that he does not support. Lee’s public outcry comes as a fork for a competing crypto dubbed Litecoin Cash draws nearer.
There is currently nothing to stop anyone making their own cryptocurrency or forking off from an existing blockchain. Countless new iterations of Bitcoin have emerged in the past few months from GOD to DARK. People can get scammed if they don’t do their own research and blindly follow the streams of dross that pollute social media platforms. Governments are anxious to regulate the industry to prevent these sorts of things from happening.
On the surface Litecoin Cash appears to be just another one of these, riding on the name to garner interest. It comes with a plan to increase the block time, enable SHA256 mining, and offer 90% cheaper transaction fees than its parent altcoin. The fork will happen at block 1371111, which is around February 18 or 19. Charlie Lee and the Litecoin team however want nothing to do with it;
To win over investors and traders the forkers are offering free LCC tokens for LTC holders at a ratio of ten to one. This is the common method of drumming up support for a newly forked crypto coin In the short term, I expect people will buy litecoin just to qualify for the airdrop. But it's not clear which if any exchanges are supporting Litecoin Cash. |
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Reddit has been having a campaign to reduce Binance withdrawal fees, and CZ from Binance has responded on twitter: https://twitter.com/cz_binance/status/963602892664987648I laugh hopelessly when people only look at the outgoing transaction to calculate withdrawal fees.  It's a pretty dismissive response given that other exchanges manage to offer much lower withdrawal fees. |
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You might see a rush of people buying ETC in order to get their airdrop IF the airdrop is widely publicised. From what I can tell though, most investors are completely unaware of it. |
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Well this is how I coped in the bear market of 2014/15: I purchased some more bitcoin (which then lowered my average buying price). And I lent out the coins on Poloniex - I increased my stash quite a bit by doing that. Increasing your stash through lending has the same effect as buying more coins for a cheaper price.
The above strategy requires patience though - and not many people are prepared to be patient for three years...
I sold some of my coins in December when the market went crazy and I felt the rise couldn't be sustained.
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I use long term strategy:
1. Buy low
2. Wait until > 10% profit
3. Sell
I don't use stop loss.
Never sell when you're lost.
This is only applicable for quality coins.
Avoid pump and dump coins a.k.a shitcoins.
I do something similar. Go for a percentage gain and place the sell order at the target price straight after buying. That way, if it spikes up, the order is filled and you collect your profit, even if you are asleep. The mistake people make is trying for excessive gains (which happen only rarely) or setting their targets near round numbers (and the stop-loss hunters tend to pick these off). |
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I thought that bitcoin has to be SEC approved in order to be bought by institutional buyers.
Can you mention a few big institutional buyers that buy bitcoins?I don`t think so.
Those are only rumors and i don`t trust them.Anyway,you are right about Asia.
Asian countries (without China)are more cryptocurrency friendly than before,because they want to
accept the cryptocurrency users that are runing away from China.
It depends on the institution. Pension funds must only invest in SEC approved securities by Federal law. And mutual funds listed on the American stock exchanges have to abide by SEC rules too. But because hedge funds are private, they have no rules. In the rest of the world the rules arn't as strict. You were looking for an institutional investor - here's one: https://www.bloomberg.com/news/articles/2017-11-22/gold-fund-joins-bitcoin-frenzy-as-bulls-see-prices-at-10-000Old Mutual is a British investment house. Here is a quote from the article: The Old Mutual Gold & Silver Fund, which manages $220 million of mostly precious metal equities, is jumping on the bitcoin wagon.
The fund started buying in April with a mandate to allocate as much as 5 percent to cryptocurrencies, according to its manager, Ned Naylor-Leyland. The idea is to take profits from bitcoin as it advances to reinvest in gold and silver assets, he said in an interview on Nov. 16.
“Bitcoin was explicitly designed to be digital gold,” said Naylor-Leyland. “So if you’re going to have a small proportion of a fund in bitcoin, it should be in a gold fund, because that’s exactly the point. It’s about bringing the ownership of disciplined money into the modern world. Bitcoin is paving the way for the reintroduction of gold as global money.” Notice that they started investing in bitcoin in April 2017, the month that the price of bitcoin exceeded the price of gold. I expect they have done very nicely out of their investment and their fund holders are pleased. |
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Talk about getting your ass kicked by fees!  How can Bitcoin fix this to compete? I'm surprised because the bitcoin mempool has been clearing (we've been getting very fast blocks in the last few days). You shouldn't need to pay more than a dollar at the moment, and often less. I reckon that site is over-charging. |
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Well we've had two attempts at $9000 already, and failed. If we fail a third time, down we go...
There is no given rule for how many times it is needed to fail to break through a resistance level ($9k in this case) in order to go down from that point, and especially so when it comes to Bitcoin's market. It may very well turn out to be more of a ping pong range than most of the chart readers here think it is. It's just a matter of guessing long enough till you eventually get a spot on observation. If you look at how profitable it is for market movers to just maintain this range, then there is basically no real need to break through the $9k resistance level. Slightly under $8k till $9k is a pretty decent money making range, especially if you have the ability as market mover to constantly repeat the ping pong movements. The market makers arn't as powerful as the whales though. I think if we have a third attempt at $9000 and fail, the shorts will be out in force. |
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Well, Roger Ver is working hard trying to get adoption for Bitcoincash. He has just bought 50 ATMs that can sell BCH (presumably he is going to run these ATMs by himself. See the following tweet: https://twitter.com/rogerkver/status/963214514392129536We don't know where these ATMs will be located though. |
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Well we've had two attempts at $9000 already, and failed. If we fail a third time, down we go... Someone of reddit posted the following chart, which I thought illustrated where we are at best:  I expect bitcoin will make it's third attempt to break upwards in a day or two (on the 15th at the latest). |
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This is a good news for Europe.
But I don't quite understand why they do it, they see big opportunities in what exactly? It is quite unclear at least for me.
In Indonesia there is no bank that officially supported buying or selling cryptos, we used a third party (exchanger, to be exact) to buy and sell crypto. After that, we exchange it with fiat currency and then transfer the money to our own bank account. Because there is no strict regulation on cryptos (Indonesia's government are "learning" about blockchain tech they said, at the same time there is a plan to launch Rupiah crypto with a flat value just like Indonesian fiat currency), this practice is still on going till today.
Opportunities to attract new customers. It's the same reason Overstock enabled bitcoin back in 2014 - they were losing their competition with Amazon.com, and used bitcoin to gain publicity and get new customers. It worked, loads of bitcoiners who hadn't even heard of Overstock signed up and bought stuff from them. |
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Don't forget that people have the option to buy bitcoin using bitcoin ATMs - so in those places where there are ATMs and the local population is aware of their existence, I expect people are more likely to buy using an ATM than by trying to register on an exchange and wiring money. Have a look at the following ATM map: https://coinatmradar.com/countries/Canada which has only 30 million people has 345 ATMs! The United States with 350 million people has 1460 ATMs. I'd wager more people in Canada bought bitcoins via ATMs than through exchanges like QuadrigaCX (Canadian dollar crypto exchange) Does anyone have any data about just how much bitcoin is bought through these ATMs? |
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And what would be a fair price for 1 Callisto (CLO) coin?
