Bitcoin Forum
May 25, 2024, 02:02:42 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 [79] 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 ... 259 »
1561  Economy / Economics / Re: When will see prices independent of USD? on: February 09, 2018, 04:49:23 PM
When you can get your salary in bitcoin, pay your mortgage/rent in bitcoin, and do all your purchases in bitcoin, and pay your tax in bitcoin - that is the point where people won't reference USD.

At the moment bitcoin is going backwards in that many merchants are disabling the ability to pay in bitcoin. That in turn forces people to convert to USD to buy stuff. Which makes the price in USD even more important...
1562  Economy / Economics / Re: Do you think that crypto or token fusions are possible in the future? on: February 09, 2018, 04:28:36 PM
I wander if in the near future some tokens or coins can fusion together...like for example in the stock markets or acquisitions, when big holdings buy other companies or when there's a fusion of 2 companies into a bigger one...

Do you think it is going to happen also in the crypto ecosystem?

It's unlikely because there is no way to fuse blockchains. You can do forks (creating two new chains) but as far as I know, you can't merge two chains into one.
1563  Bitcoin / Bitcoin Discussion / US Marshals Successfully Auction $30 Million in Bitcoin on: February 09, 2018, 04:14:37 PM
https://www.coindesk.com/us-marshals-successfully-auction-off-30-million-bitcoin/

Quote
The U.S. Marshals Service confirmed Thursday that more than 3,600 bitcoin sold at auction in January have been successfully transferred to five winning bidders.

An unknown winner received 1,600 bitcoin (worth about $13.4 million at press time), the agency confirmed in an email today, with the remaining buyers receiving 500, 500, 200 and 813 bitcoins (worth $4 million, $4 million, $1.6 million and $6.7 million), respectively.

With the exception of Riot Blockchain, which claimed one of the two 500-bitcoin lots, the names of the winners were not disclosed. Riot voluntarily announced it had received 500 bitcoins shortly after the sale.

Notably, the agency ended up selling 100 bitcoins less than anticipated, a development it said was due to unforeseen technical issues. The agency is now maintaining custody of those assets.

Stepping back, the sale marks the first time since 2016 that the agency has auctioned off bitcoins. At the time, the agency sold 2,700 bitcoins for a profit of less than $2 million.

The market seems to have absorbed these coins without problem - another plus for bitcoin's resilience?
1564  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin Cash is going to $3500 by June on: February 09, 2018, 04:11:50 PM
I don't understand why would anybody use bitcoin cash when there are better alternative like ethereum or litecoin for exemple. To me bitcoin cash is just another shitcoin and will never replace bitcoin, even if the price reach 3500 or 4000 dollars I am sure bitcoin is going to be around 30k or 40k at the same time.

The real reason bitcoincash is pumping is that it looks like Bitpay is going to enable it as the default currency on their merchant processing shopping cart.

If you want to buy something from a merchant that uses Bitpay, and bitcoin and BCH are the only options, you are going to use BCH. Ethereum and Litecoin can't be used until Bitpay enables them...
1565  Alternate cryptocurrencies / Altcoin Discussion / Re: Future of Litecoin on: February 09, 2018, 04:02:52 PM
The Founder of the litecoin (Charlie Lee) sold all his litecoin and quit .
What would be the future of Litecoin after the founder quit?

basicly, when founder coin has sell all of his coins its mean there's something wrong with this coin. but, thats mean nothing in market. so far i think litecoin have a great system and development, but for future i dont think this coin will be exist.

Maybe he just couldn't resist cashing out. He himself said he thought it was a bubble - and so it was. I think he sold at $330, and Litecoin is now at about $105.
1566  Bitcoin / Bitcoin Discussion / Re: Tether. BTC. Trying to understand the flow. on: February 09, 2018, 03:53:52 PM
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc

I just read this.
Ok, this is my understanding.

People accept that 1 Tether (USDT) is backed by 1 USD  (maybe it was at first)
So, BTC seller accepts 1 USDT instead of 1 USD.  (same thing, to him)

But, if USDT is fake, and there is no USD backing it, then USDT will become worthless in the event of a “bank run”

Allegation is that Tether was minting fake USDT's and using them to buy BTC.
Tether people have tricked BTC holders to trade their good BTC for fake USDT crypto.

This would cause BTC price to increase, but now what?
If the new BTC owners do not sell, there is no selling pressure.
Just no new additional buying pressure, if the Tether is exposed as not backed by USD.




Tether already has a solution - they are printing euro-tethers:

See the following, they now have 86 million euro-tethers:

https://wallet.tether.to/transparency

This is madness in my opinion - they'll have the european regulators after them as well as the American ones.

I also don't know why people haven't sold their tethers and moved into other coins. I guess some people just like living dangerously.
1567  Bitcoin / Bitcoin Discussion / Re: How are we going to handle all the XCoiners? on: February 09, 2018, 03:40:32 PM
I think the problem is that noobs are no longer getting their information from bitcointalk or reddit (where there are plenty of old hands to offer advice).

They are getting advice from twitter and youtube. Both twitter and youtube are echo chambers. Unlike on here where you often find opposing views on the same thread, on there you get groupies and followers who hang on the words of self-proclaimed gurus proclaiming riches. And if you try to intervene on twitter, you get get blocked.

There is nothing we can do about that - both twitter and youtube are toxic for the way they promote "gurus" and charlatans.
1568  Economy / Exchanges / Hong Kong Orders Exchanges to Delist Securities Tokens on: February 09, 2018, 03:09:08 PM
https://www.coindesk.com/hong-kong-orders-crypto-exchanges-delist-tokens-deemed-securities/


Quote
Hong Kong's securities regulator appears to be stepping up efforts to regulate cryptocurrency exchanges involved with initial coin offerings (ICOs).

In a statement released Friday, Hong Kong's Securities and Futures Commission (SFC) revealed it has sent warning letters to seven cryptocurrency exchanges advising that certain tokens being traded on their platforms may be defined as securities. Though the names of the exchanges were not disclosed, the SFC indicated they are either based in or connected to Hong Kong, and among the top 20 in volume globally.

According to the note, the move is part of a wider effort by the SFC to caution investors about the risks of trading cryptocurrencies, one that began more mildly with a warning on the possible risks of the ICO fundraising model on Sept. 5 of last year.

Notably, the SFC said that the inquiry may result in further action, but that so far the exchanges notified all responded to the inquiry.

"Most of these cryptocurrency exchanges either confirmed that they did not provide trading services for such cryptocurrencies or took immediate rectification measures, including removing relevant cryptocurrencies from their platforms," the release reads.

The SFC has also written to seven unnamed ICO organizers that are soliciting investors from Hong Kong and whose tokens are considered as securities by the agency.

I think Bitfinex is one of these exchanges, as is Binance.
1569  Economy / Speculation / Financiers ‘keep skills sharp’ by trading cryptocurrencies on: February 09, 2018, 03:03:38 PM
https://www.ft.com/content/2d4513ea-0b36-11e8-839d-41ca06376bf2

Quote
David is a quant, and he is between jobs.

He previously worked at one of the world’s top hedge funds and is currently on gardening leave, waiting to take up a new role at another company.

He has got nothing to do. So he trades cryptocurrencies from his home in London.

“It’s something to fill my days,” he says, with the air of someone talking about how they have taken up cooking or long-distance running. “I need to keep my skills sharp.”

While many investing in cryptocurrencies are ordinary people with little to no investing experience, people like David are finance professionals investing because it’s a challenge, or because the philosophy rings true to them, or simply for their own entertainment.

On any given day, David, who asked that we not use his real name, trades about £20,000 of exposure across the top 150 cryptocurrencies. The volatility, the wild swings up and down each day, is part of what makes it a worthy intellectual challenge.

“In a day’s worth of cryptocurrency movement you have a week or a month of equity market movement and a decade of country debt,” he says.

The stunning rise of cryptocurrencies in 2017 took the world of finance by surprise. Billionaire investor Carl Icahn called it a bubble and said “I just don’t get it”, while JPMorgan chief Jamie Dimon called bitcoin a “fraud”, a comment he later regretted.

But many in the sector joined in the frenzy with the rest of the public.

Men and women who spend their days making careful, considered bets on companies, markets and countries have, as much as anyone else, been captivated by the heady promises of a future built on bitcoin, or the more hard-nosed opportunity to make a quick buck in the middle of a bubble.

“It’s fun,” one hedge fund trader said, adding that she did not want “fomo”, the acronym for ‘fear of missing out’. One London-based banker was more blunt: it was gambling for people who could afford to lose a bit of money. “That’s it. Nothing else.”

Venture capitalists, typically on the more technologically curious fringe of the finance world, have bought into cryptocurrencies with gusto.

Alex Dunsdon, an equity partner at Saatchi Invest and a co-founder of Bakery, a corporate accelerator, says he understands cryptocurrencies in a way that he no longer does the stock market.

“I’ve been out of the stock market because it stopped making sense to me,” he says. Central bank support for the markets plus the trend of passive investing have turned it into a game with unclear rules.

“Over the past few years or so, everyone has just been buying indexes and they haven’t been doing price discovery. They’re just investing in a trend of something going up and up and up,” he says.

Even as bitcoin has declined 60 per cent since its peak in December, Dunsdon has remained bullish. He says he’s holding for the long-term as the cryptocurrency is the sort of “asymmetric mass unlimited upside” bet that venture capitalists love.

“If the market crashes and everyone loses total faith in crypto that’s when I want to go and play again,” he says.

Depending on your perspective, there has been such a crash. Across the cryptocurrency market there has been a prolonged sell-off since the heady heights of early January, when the “market cap” of the sector was almost $800bn, according to Coinmarketcap.

Now it is $300bn, though this is still far above where things were at the start of 2017.

Some managed to dodge the worse of the fall. Paul McNamara, a fund manager at GAM, bought ethereum in December, largely to appease a friend who sat him down and “went on and on about it”.

He says he doubled his money before eventually settling out 10 per cent up: “I traded it exceptionally badly.” Rob Kniaz, a partner at Hoxton Ventures, bought in as early at 2012 and used bitcoin when travelling. He sold right at the top last year, when bitcoin traded at $18,000.

Others are smarting from losses. One hedge fund partner said they had bought more cryptocurrencies as the sell-off hit their paper profits. “You don’t lose money until you sell,” they joked.

Irina Anichshuk, who works at an investment firm in London, said she had made losses of as much as 60 per cent on her investment in Litecoin. She has decided to hold on what she concedes is a “punt”, partly because “there’s no point of realising the loss”.

If it's fun for them, it's also fun for us pitting our wits against them. I'm pretty sure long-time bitcoiners are coming out ahead, as we sold to the noobs of the financial market in December...

1570  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you still support Ethereum? on: February 09, 2018, 02:51:35 PM
According to the following article, Ethereum poses a greater threat to Wall Street than Bitcoin does:

https://cointelegraph.com/news/the-ethereumization-of-wall-street-is-inevitable-expert-take

Mainly because it offers businesses an easy way to raise money. Why go to Wall Street and arrange an expensive listing and IPO, when you can raise money on the Ethereum platform via an ICO?
1571  Economy / Exchanges / Re: Kraken - Account temporarily disabled on: February 09, 2018, 02:37:25 PM


Hello,
i have current the same problem, my account temporarily disabled know. I don't know what i can do. I hope kraken answered me. Was somebody in the same situation like me and what was the results?

Kraken has an official sub-reddit which is patrolled by staff:

https://www.reddit.com/r/Kraken/

Make an account on reddit and post your problem in the thread along with your ticket number - a staff member there should be able to help you.
1572  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Bitmain Antminer - customs clearance problems on: February 09, 2018, 02:29:36 PM
Bitmain have a subreddit:

https://www.reddit.com/r/BITMAIN/

Perhaps post about your problems on there and see what people have to say?

In future, it might be easier to buy a second-hand miner from someone already in europe, rather than deal with customs for new miners.
1573  Economy / Speculation / Re: One last dip before moon? on: February 09, 2018, 02:05:52 PM
Anyone who is expecting a strong reversal will be in for a very big disappointment. The bitcoin market does not work that way, not anymore after institutional investors came in.

Bitcoin is in a stage where there will be small pumps followed by stronger dumps, and then a long moment of going up and down in a range near the bottom.

@alyssa85. But that is a log scale. Try drawing trendlines with a regular scale.



I initially though that when institutional investors enter the picture it would make a big impact on us which it really did, pushing the price to almost $20,000. But now, it seems they have changes how investors look at bitcoin right now. In the past, we have seen strong reversals after a big dump, but today its seems that investors are very reluctant and playing the waiting game. Right now the pump are not that strong and sustainable as everyone is expecting. There's still minor dumps along the way, derailing the momentum that the bulls are trying to set up. However, we need to adopt with this changes in the market, its better to see bitcoin price going up slowly and steady rather than the rush that we have seen before. At least investors are very cautious and rational, but at this price is still a perfect time to get into the ecosystem because its really cheap at the moment.

Lots of institutional investors buy on margin. And when the stock market is falling, they try to protect their overall portfolio by selling their most risky assets - and that is cryptocurrency.

It's important to understand that institutional investors are not hodlers, nor are they here because they believe in the tech. They're just here to make a profit.
1574  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin is Big in Japan on: February 09, 2018, 01:16:01 PM
Japan learnt a lot from the collapse of Mt Gox (which was based in Japan). They have basically had three years to carefully go over the books, find out what went wrong, and make regulations to prevent it happening again.

Most other countries are flyng blind when it comes to regulation, they are not sure what needs regulating and what needs leaving alone. As a result they're taking the easy way out and just banning it.
1575  Economy / Service Discussion / Re: Where can I buy Ethereum with Fiat money? (Not Coinbase) on: February 09, 2018, 12:59:55 PM
Thanks @LeGaulois !
 I am using card for payment. Kraken has so many bad reviews.
Bitstamp takes forever to verify.


You are not going to be able to buy anywhere with credit cards (the card companies are experiencing loads of chargebacks from fradulent buys). Why don't you send a wire transfer to one of the exchanges?
1576  Economy / Speculation / Re: Bottom reached, next bull run... on: February 09, 2018, 01:42:04 AM
So it seems Monday was the bottom of the bear market. We should gradually recover, with ups and downs, over the next few months. I'd guess by summer it'll start hitting ATHs again.

So how high will the next bull run (2018-2019) reach? $50k? $100k?

We wil be lucky to reach $20k, which is a more than doubling from where we are now.

The money to push prices to $50k just isn't there. Not to mention bitcoin is losing ground to other coins on merchant adoption.
1577  Bitcoin / Bitcoin Discussion / Re: Wall street will turn ETHER? on: February 08, 2018, 11:40:25 PM
https://upvotesclub.com/the-ethereumization-of-wall-street-is-inevitable-expe-news/

I read this article, thought, I'll share. It sounhds good, but I don't think it will happen that easy, Wall Street perfectly understands the dangers it is facing in the face of cryptocurrency markets.So they will lobby for heavy regulations and even if that happens, it will be on their terms. As a matter of fact, I think that once the cryptos will be "properly regulated" you will have to get "qualified investor" status in order to trade them.
Why?
Because the government needs to protect you! Smiley

It's a good article and pretty accurate. Ether is more of a danger to Wall Street than Bitcoin.

Most of wall street doesn't do payment processing (that's done by two monopolies, VISA and Mastercard). Wall street raises money for new ventures via Initial Public Offerings, which net Wall Street huge fees.

But why bother with an IPO, when you can do a cheap and cheerful ICO on the Ethereum network and raise the same amount of money, without the Wall Street fees?
1578  Bitcoin / Bitcoin Discussion / Re: a word for all worried people.... on: February 08, 2018, 11:08:56 PM
You know what? Most of the people who are saying "Hold" are the one who did not care of his money. They did not need their invested money so its okay for them to invest it and hold unlike for those poor people, they think that it is better to withdraw their coins in the real world than to waste by time. They need a money.

True. But you shouldn't be investing money that you need on a day to day basis. Only invest what you can afford to lose.

If you are one of those people who bought when the prices were higher than they are now, here is an option for you: lend the coins out on Poloniex. You will slowly increase your stash, which means that your average purchase price lowers. If and when prices recover, you should make a nice profit.
1579  Bitcoin / Bitcoin Discussion / Re: Banks must consider Crypto-currency as an opportunity, not as a threat. on: February 08, 2018, 10:20:35 PM
I read an article today that said that Ethereum was more of a threat to the banks than bitcoin.

Ethereum attacks the banks most profitable business  - fundraising for new businesses via ICOs. Whereas bitcoin is just another payment processor.
1580  Bitcoin / Bitcoin Discussion / Re: Crypto ATM - Would you use them? on: February 08, 2018, 06:03:34 PM


If you have never used such an ATM, under what circumstances would you consider using it?



I think if you are travelling around and don't want to use credit cards (with all the fees they charge when you use them outside the country), these ATMs are handy. You stock up with bitcoin before you go, and then use the ATM to convert to cash at your destination.
Pages: « 1 ... 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 [79] 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 ... 259 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!