That's a really interesting link. Looks like Brits can get a basic online current account with Fidor without a credit check because there is no overdraft facility. It would be pretty much perfect for cryptoenthusiasts to withdraw money from exchanges to that account without having to risk your main accounts. After that you can simply withdraw the cash via an ATM or transfer the money to another account. |
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https://www.bloomberg.com/news/articles/2018-02-12/why-governments-might-join-the-cryptocurrency-craze-quicktakeWith crypto mania sweeping the world, a handful of countries have stirred at the possibility of issuing their own virtual currencies based on blockchain, the technology behind Bitcoin. For now, the idea seems most popular among autocrats looking to evade or undercut international sanctions that are enforced, in part, through the global banking system. But advocates of government-backed cryptocurrencies (so-named because they rely on cryptography for security) say that if the movement takes hold -- which is by no means assured -- it could irrevocably change the international monetary system as we know it.
Russia’s central bank plans to talk to countries including Brazil, China, India and the five former Soviet republics about creating a supra-cryptocurrency that could cover countries with 40 percent of the world’s population. People’s Bank of China Deputy Governor Fan Yifei wrote an article broaching the possibility of a digital currency it would issue with Chinese commercial institutions. In Sweden, where use of cash is vanishing, the central bank is investigating issuing its own digital currency, the E-krona, out of concern that widespread use of other virtual currencies controlled by private actors could harm competitiveness.
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Cryptocurrencies only die when they get delisted from all the exchanges.
As long as your currency is on an exchange somewhere it is alive and will get pumped at some point - regardless of whether you have active developers, a community or whitepapers.
Coins just don't die.
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Roger Ver is going to be rolling out Bitcoincash ATMs: https://twitter.com/rogerkver/status/963214514392129536I just bought 50 Bitcoin (BCH) ATM machines for a bit under half a million dollars. Thanks to our purchase the manufacturer has agreed to roll out BCH support to their existing 1000+ machines world wide! It needs more publicity though - bitcoincash is fading out of the mainstream media coverage of crypto. |
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McAfee, the clown has also been part of the fud attack against Binance during their maintenance phase, and that while he knew that they were just performing maintenance.
I think McAfee apologised to Binance. see https://www.altcoinss.com/news/news-daily-mcafee-apologies-to-binance-ico-laws-in-gibraltar?uid=8079I don't know why people listen to him in the first place. He's clearly mentally ill, and seems to be caught up in a number of scams. People would be better off just blocking him and ignoring him. |
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who would you buy a coffee using bitcoin? dont you have cash, lol but i see your point, your example are too simply not to be ridiculed at, sorry. As for the fees are concern, true, it does make bitcoin fall (partly) though it is not the main reason for this fall on bitcoin, you have to consider the trend which newbies follow. the fees are already there and given, that is how trading goes when you deal with exchanges. maybe the stores in your place only tested bitcoin's capabilities to compete with fiats. they are also experiencing hassles in their own exchange sites, so they stop and the other stores follow. what matters is what you believe, believe in bitcoin and make other investors to rely on bitcoin too. do not post negative stuff like this, the only way for bitcoin to go up again is to keep it for a while and make room for law of demand.
Well part of the reason the banks got bailed out in 2008/9 was because they controlled the payment network for everyday commerce. Bitcoin was exciting in the beginning because it promised to be an alternative payment network, one that would allow govts to allow banks to fail because they were not the sole payment option. We're going backwards when you say, why not use fiat. It means we haven't moved forward in the last 9 years. |
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Litepay have announced their launch date to be Feb 26th. Here is their tweet about it: https://twitter.com/LitePayInc/status/963245378618343424We started because the people asked @Bitpay to accept LTC. They wouldn’t, so we took the challenge. Infrastructure for LTC February 26 🚀#PayWithLitecoin #LitePay |
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as far as i can tell there are still quite a few exchanges where new users can't register, which considering it's been months for a few is a surprise, and then there are others such as bitfinex that did reopen but increased the minimum amount to $10,000 before new people could start to trade. this has been going on since slightly before the peak.
what effect do you think this had on the markets since december, if any? has a huge amount new blood been denied and subsequently stopped a pump or softened the dump or would their effects have been negligible?
as far as i know there's never been a period where so many newbies couldn't get in on the action.
The main exchange new users go to - Coinbase - has remained opened to noobs and allows them to buy bitcoin easily via credit or debit card. The exchanges closed to new users tend to be in the east, like Bitfinex and Binance. I guess it depends on who you think is the main driver of bitcoin adoption, people from the west or from the east. |
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2020 should be the next halving. Look at the past trend and you can see that it could very well be the start of the next ATH while from now till then the price trends to the "bottom". Lightning network could change things though. But then again I wouldn't be surprised if that gets dragged out until then given how slow core is to get things done.
It might go up at the next halving - but not to $100,000. I personally think we'll be lucky to see $50,000. Bitcoin's adoption is going onto reverse. |
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Bitcoin price now i think maintained at the price range of 8k to 9k USD.
It is having a chance that bitcoin will raising up again?
What is the main reason on this?
It dipped to about $6,400 prior to the US senate hearing on bitcoin because people were scared the Americans would ban it (all that was coming out from the rest of the world was that bitcoin was dangerous and needed to be banned). The US hearings were a pleasant surprise, the people giving testimony had taken trouble to learn about bitcoin and they were anxious not to "stomp" on the new techology before it was developed. Bitcoin surged above $8000 in a relief rally. But - in order to break above $9000, we need some new good news. |
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I just bought 750 usd bitcoin and by the time I transferred it to gdax from coinbase it was 706 usd . What kind of frikin bullcrap fees is that  ?? 6-7% fee. This is amazing I don't think they charge fees for transfers between Coinbase and Gdax. More likely that the drop in value is just bitcoin's price dropping. |
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I might be wrong, but mining is classed as a business activity.
So the sales from your mined LTC is your revenue.
The cost of your miners + the electricity you expended in mining are your costs.
Revenue - costs = your profits. And you pay tax on your profits.
As always, get some advice, forums like this are no place for tax advice. Perhaps phone the IRS to ask them how to handle it.
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Cryptocurrencies made big changes in terms of the development of software technology. Also, They give a lot of opportunities to earn money easily with your intelligence. I think, It will continue to have deep impacts in our lifes in the future.
In 2013 to 2015 Silicon Valley poured loads of money into bitcoin support start-ups - these start-ups were meant to provide the infrastructure around bitcoin. And most of them came to nothing. Only Coinbase survived. Bitpay is still around but is wounded from losing customers due to bitcoin's fee problem last year. The rest have crashed and burned. I wonder what this iteration of Silicon Valley interest will bring. Because you can't take advantage of blockchain tech without a coin. It's the sending and spending of coins that makes it worthwhile for miners to maintain the blockchain. Without a coin (whether bitcoin or something else), the whole thing falls apart because there is no incentive to mine. |
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A friend of mine suggested me that this is a good time to buy litecoin. I asked him why and he replied like this.
"In the year 2020 the deal through Ebay and Paypal will finish and Litecoin creators are talking with Ebay in order to have as a payment method something called Litpay based on Litecoin"
Before I buy some Litecoin for long time holding thought to ask here first as without verifying the news I don't think will be a good move.
He is wrong that "Ebay and Paypal will finish". All Ebay have said is that instead of exclusively requiring payment via Paypal, they will enable other payment methods. They haven't said what these methods are - it could be that they just enable credit cards. If they do enable crypto, it will be bitcoin, ethereum and bitcoincash as well a litecoin. Not litecoin exclusively. |
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there saying that the Chinese which are major players in the market are pulling funds from this market to buy lots of gifts and to make preparation as there new year approaches this could definitely be among the causal factors that contributed to the decline i suppose next year we will be able to say with some certainty as to the real influence if any the Chinese new year has on bitcoins .
China banned bitcoin in the early part of last year. As in closed down all the exchanges and told people they'd be jailed if they are caught trading bitcoin. The Chinese were never major players, their volume was faked. And after they banned bitcoin, it soared, proving that the demand was not in China, it was elsewhere. I don't know why people keep mentioning China as an influence - I guess they're addicted to China FUD stories. |
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You misunderstand, I don't want to continue to use the fake name, I want to switch to my real name.
In which case withdraw all your funds. Then make a brand new account with your real name and the verify that. (It might take some time though, I think Poloniex has backlogs). |
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It will have only turned the corner if it manages to break through $9000 and stay there.
At the moment it keeps making attempts that don't hold. The only good news is that we're still in the upwards channel that started this time last year. Beyond that, we're still struggling.
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What makes it more powerful now...?
Maybe he's referring to the fact that more and more financial institutions are preventing people from buying crypto on credit, which can indeed be seen as some sort of a sign that they don't want it to grow further. By preventing people from buying crypto on credit, they at least made an attempt to potentially halt Bitcoin's growth, but it won't have any impact at all. It requires an extra step, but credit can still be used to buy Bitcoin with. It's nothing to do with trying to halt bitcoin's growth. It's to do with credit card chargebacks. I expect some people bought bitcoin at the top, and when the price fell tried to do a chargeback without giving back the coins. |
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It's a chicken and egg situation. People want to go to exchanges where there is liquidity. But most decentralised exchanges don't have many people using them, so liquidity is poor. Which is the reason new people won't join, which ensures that liquidity remains poor.
The only way the cycle will be broken is if developers list their coins on decentralised exchanges first, and build up liquidity for their coin there before setting up on other exchanges.
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