Just to update on this: Coinbase say they are in the final stages of testing to enable segwit on their wallets: https://twitter.com/coinbase/status/960656993122844673Our engineering team has begun the final testing phase of SegWit for Bitcoin on Coinbase. SegWit compatible Bitcoin sends/receives will be available for customers in the next few weeks. I think they are the last big exchange left that hasn't got segwit. |
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Trading fees and withdrawal fees. Most trading fees are around 0.2% of the trade. So to find out how much they are making, just apply that fee to the trading volume and see just how much money the exchanges are making.
Some charge a fee for withdrawals on top.
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It's happening today. Virtual Currencies Securities and Exchange Commission (SEC) Chair Jay Clayton and Commodity Futures Trading Commission (CFTC) Chair Christopher Giancarlo testify at a hearing on virtual currencies. Airing LIVE Tuesday, Feb 06 10:00am EST on C-SPAN.org https://www.banking.senate.gov/public/index.cfm/hearings?ID=D8EC44B1-F141-4778-A042-584E0F3B9D39It's going well: "DLT is likely to have a broad and lasting impact on global financial markets in payments, banking, securities settlement, title recording, cyber security and trade reporting and analysis.24 When tied to virtual currencies, this technology aims to serve as a new store of value, facilitate secure payments, enable asset transfers, and power new applications." -The Honorable J. Christopher Giancarlo |
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Some more feel-good news about Ethereum: https://www.theguardian.com/global-development/2018/feb/06/unicef-recruits-gamers-mine-ethereum-aid-syrian-childrenUnicef recruits gamers to mine Ethereum in aid of Syrian children
The UN’s children’s agency, Unicef, has launched a futuristic pilot project to utilise the cryptocurrency Ethereum to raise money for Syrian children.
The scheme is part of wider efforts by Unicef and other UN agencies to find uses for the “blockchain” technology associated with the cryptocurrency – the world’s second largest after the controversial Bitcoin – to revolutionise not only how aid organisations raise money but also to increase transparency in their financial transactions.
Unicef’s Game Chaingers scheme recruits gamers to use the processing power of their computers to “mine” the currency for Syrian children. It is still in its infancy, raising little more than €900 (Ł795) so far, but it follows increasingly high-profile efforts by the UN to find uses for the technology.
These include everything from helping to reduce the 30% of UN aid budgets lost to corruption to building online identity portfolios for refugees, reconciling everything from health and education records to entitlements. |
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The latest from the banksters is that the bitcoin crash caused the stock market crash, I kid you not: https://www.bloomberg.com/gadfly/articles/2018-02-06/bitcoin-and-stocks-have-more-in-common-than-you-thinkYet it's still possible that its slide on Monday made the broader market selloff worse, as investors sold assets to compensate for crypto-losses. Marginal as this may be, and you can't be certain of correlation with something as unstable as digital currencies, it's a link that's at least worth exploring.
The past 24 hours have shown a surprising resemblance between Bitcoin's behavior and the world's more established financial markets. A chart of Bitcoin's price plotted against S&P 500 E-Mini futures shows how both moved in similar formation when the selloff reached a trough and a mini-rebound began. This is idiocy, the type of people who own bitcoin tend not to have any stocks at all. But teh financial journalists need someone to blame - they've been claiming bitcoin is a bubble while ignoring the huge bubble in the stock market. |
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Because Banks in Britain and the United States have banned the purchase of cryptocurrency by credit card. This is bad news makes bitcoin and cryptocurrency market are going down.  It's nothing to do with that. Most people don't buy bitcoin with credit cards. They wire cash to teh exchanges. No, what we're seeing is plain profit taking. You can see the same on the stock markets. The US economy is overheating and interest rates are going to rise. That makes cash savings more attractive, and less risky. |
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Ok, so this has gone on long enough, I've been short most of the time, but I'm buying all I can here ! Let's go! At least back up to $7200
Good call. It's now at $7,192, so you nailed it. And made a 16% gain as well. |
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I am the main breadwinner of the family, I just want to earn more income, I am wondering what to do, my account is loss 40% by this storm  What price did you buy in at? I'm guessing that it was higher than $6,400? If you have an account on Poloniex, you can lend your coins out, and increase your stash that way. Otherwise be calm and hold unless you have invested money that you need for daily living (which you shouldn't have done, bitcoin and cryptos in general are risky). |
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Calm yourself. How many Brits who bank with Lloyds used creditb cards to buy bitcoin? Practically none. Most UK exchanges don't accept credit cards, you need to wire cash.
Lloyds are just taking precautions. Their actions have nothing to do with bitcoin's price drop. That is down to existing holders cashing out plus traders stop losses being triggered.
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Forbes magazine is asking, "is it time to buy bitcoin": https://www.forbes.com/sites/katestalter/2018/02/05/is-it-time-to-buy-bitcoin/#3b15618d4da6Bitcoin is abuzz of late. News of its meteoric rise and periodic crashes is everywhere; and for good reason. The cryptocurrency began 2017 at less than $1,000 and skyrocketed to nearly $19,000 before reversing direction on December 18th.
Bitcoin has fallen more than 40% since then. So, perhaps now is a good time to evaluate its investment merits and consider whether the recent decline represents a buying opportunity. It remains to be seen whether they manage to influence members of the public to buy though. |
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We were much better without any institution, since the future contracts exist we are only falling!
While the current decrease of the price coincides with the future contracts to me the drop in the price seems to be due to factors that can be attributed to bitcoin and nothing more, there is manipulation going on but the drop seems to be related to the fact that china is going to make their controls over cryptocurrencies even tighter which is bad news since we will get less money from Chinese investors. It's nothing to do with China. China banned bitcoin and closed the exchanges a good six months ago. What is happening started with profit taking, and then liquidation of stop-losses via bots. |
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Most alts are priced in bitcoin. When bitcoin drops therefore, the dollar value of alts drops too. This triggers stop losses set by the dollar amount. And it triggers selling by bots which have their criteria set in dollars.
That's why crashes in bitcoin always causes alt crashes.
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The safest thing is to hold fiat and then set buy orders really low, like $3,100, $3,500, $3,800 and wait. You should be able to pick up a lot of bitcoin if there is a flash crash (which is likely thanks to panic sellers).
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Dumb buyed the bitcoin at 20,000
I just bought everything at 10,000
When it goes to 250,000
I will buy both Rolex AND airJet!!!
You need to buy some more, it's at $6450 - another 40% off! Seriously though - this is why you should dollar cost average. Instead of trying to pick the bottom and invest your entire wad, buy a little each week, and that way your average price won't be too high. |
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Facebook is banning ads about ICOs. And most of the ICOs are on the Ethereum network, with a few on Waves and a few on Stellar. So those are the coins most affected.
There are no bitcoin-based ICOs, so the Facebook action is irrelevant to bitcoin.
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Are there any optimists left? Is $100K still possible even by 2020 or 2021?
Nobody can predict that far out. Anyone who says they can is fibbing. Cryptocurrency is here to stay - what is in question is which cryptocurrency. |
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