Why today? Tether is still at $1.
It's not the first FUD thread you created - all of them have been utterly pointless to date.
I don't understand why people register on this forum and tell others that they don't believe in cryptocurrencies and that the market is not worth a thing. This forum is supposed to be a place for productive discussions, not an assembly of haters. And besides, op's post doesn't make much sense. The day cryptos fall? Maybe. This is not the best time for coins for sure. But tether has nothing to do with real cryptocurrencies, it's just a weird backed up by fiat version of USD. This. If you don't believe in crypto, sell all your holdings and depart happy in the knowledge you have got out. I'm not sure what the point of making endless doom and gloom threads is - unless it is to panic noobs into selling into your very low buy orders |
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Hi all.
Any idea when/if Bittrex will be taking on new customers?
Thanks
They've not only blocked new accounts, but have not sorted out the verification of existing legacy accounts. I personally think they are in trouble, so if I was you, I'd look to making an account at another exchange. Try livecoin, it has a lot of alts on it. |
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We already know, because Japan has legalised it. The result is lots of large Japanese businesses are going into bitcoin. Their largest ISP has announced they're going to do bitcoin mining. Merchants have adopted bitcoin payments all over the place.
Basically once it is legalised all sorts of mainstream players rush in, especially big businesses with a lot of cash looking for a new industry to invest in.
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We're now in the copycat phase, where other entities are trying to copy some of the Ethereum ICO's: https://thenextweb.com/hardfork/2018/02/05/baidu-cryptokitties-copycat-ethereum/Chinese Google rival Baidu is the latest corporation to make its foray into blockchain tech – and its first undertaking is a doggy-centered copycat of smash-hit game CryptoKitties. But unlike its kitty counterpart, CryptoDogs will be based not on Ethereum, but a new blockchain alternative known as Achain.
Similarly to CryptoKitties, Baidu’s knock-off lets you purchase, trade, and breed various digital doggies, whose defining characteristics are then recorded on a blockchain. Expect to see more of these knock-offs. |
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Nobody can call the bottom. So instead of investing your entire wad, drip feed it in, buying a little every week. That way, if the prices trend downwards, you'll be protected from a huge loss (you'll just have a small loss from your early buys).
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https://news.vice.com/en_us/article/j5bxnx/south-korea-just-accused-kim-jong-un-of-thieving-its-bitcoinThawing tensions on the Korean Peninsula faced a fresh test Monday when Seoul accused its northern neighbor of hacking cryptocurrency exchanges, stealing bitcoin and other digital currency worth millions of dollars.
"North Korea sent emails that could hack into cryptocurrency exchanges and their customers’ private information and stole (cryptocurrency) worth billions of won,” Kim Byung-kee, a member of South Korea’s parliamentary intelligence committee, said Monday, Reuters reported.
Pyongyang is still trying to hack into the cryptocurrency exchanges, Kim said, but the South was doing its best to prevent further infiltration.
Security firm Recorded Future released a report January claiming that a team of North Korean hackers, known as Lazarus Group, had targeted South Korean cryptocurrency exchanges throughout 2017.
Security companies have cited Lazarus as the group also behind the devastating WannaCry ransomware attack that crippled businesses and organizations across the globe last year. The U.S. government refers to the group as Hidden Cobra.
Lazarus is reported to have used phishing emails tied to the Winter Olympics to trick users into clicking on malicious links that download corrupted files and install malware.
The emails specifically targeted users of the Hangul Word Processor, a Korean-language computer program widely used in South Korea. If you are Korean, and use the Hangul Word Processor, take extra care...
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 A Korean student has committed suicide after falling into a depression because of a big loss of money invested in bitcoin and cryptocurrency. A 20-year-old Korean student has been found to have committed suicide after falling into depression due to huge losses in bitcoin and cryptocurrency. The body of the victim was found at his home. The victim has earned 200 million won (about 200,000$) from investments in cryptocurrency. it's so sad. Rest in peace. Ohh no,sad to hear that but people need to understand that crypto currency investments are riskier so they need to invest only the affordable money to lose for them or else it will results in fatal like this. I think part of the cause for his depression is that he is only 20. Your pre-frontal cortex (the bit that regulates emotion and allows you to keep things in perspective) is not fully developed till you are 23. That's why there is so much depression in the 18-23 group, and why you see Romeo and Juliet type suicides - everything is much more intense and desperate before you become an actual adult. I wonder if his parents knew, and could have intervened. Poor chap, RIP. |
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there was a topic here with loads of reply, a lot of discussion going on, calculation and many theory.
It was amazing to read all the answers and i was amazed this was such an hard puzzle who really took 3 years to be solved.
Prop to them!
It says in the article that the winner solved it after searching online for help. I wonder if he was in that thread and found the answer after reading everyone's contributions? |
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https://www.ft.com/content/7db2933c-e40a-11e7-a685-5634466a6915The regulator’s warning was unambiguous. “There are a number of significant investor protection issues that need to be examined before sponsors begin offering these funds to retail investors,” wrote Dalia Blass, a director at the Securities and Exchange Commission, which oversees the US investment industry.
In a letter sent last month to two trade groups, Ms Blass outlined more than 30 questions that she said needed to be resolved before the SEC would give the green light to mutual funds and exchange traded funds that invest in bitcoin and its peers.
“Until the questions . . . can be addressed satisfactorily, we do not believe that it is appropriate for fund sponsors to initiate registration of funds that intend to invest substantially in cryptocurrency and related products,” she wrote.
Ms Blass’s letter was sent in response to a swath of applications from ETF providers to launch funds tracking cryptocurrencies. The surging prices of digital currencies such as bitcoin and Ripple last year, along with the launch of derivatives markets by two exchanges, gave hope to ETF executives that the asset class had become sufficiently mainstream that their products would be approved.
I think the ETF moment has gone for now. It won't be until 2020 that we will see an ETF, and only if volatility has reduced and regulation of exchanges is increased.
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http://www.bbc.co.uk/news/technology-42944290A secret code hidden in a painting that gave access to an online wallet containing Bitcoin worth $50,000 (£35,500) has been cracked after nearly three years.
The artwork, by Rob Myers and @coin_artist, who uses a pseudonym, was first published online in early 2015.
A code contained within it revealed a private key that granted its discoverer access to the wallet full of bitcoins.
And the bitcoins were finally removed from the wallet last week.
Technology website Motherboard reported that a 30-year-old programmer had claimed the funds after searching online for puzzles to do with crypto-currencies.
Motherboard added that the programmer said they lived in a country where it was "not safe" to own Bitcoin and therefore wanted to keep their name secret. Here is the painting: 
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Another update: LLoyds Bank of the UK, has banned people buying bitcoin with credit cards: https://www.theguardian.com/business/2018/feb/05/lloyds-bank-bans-buying-bitcoins-credit-cardsLloyds Banking Group has banned credit card customers from buying bitcoin amid fears it could be left in debt as the cryptocurrency’s value deflates.
The banking giant, which includes Halifax, MBNA and Bank of Scotland, is thought to be the first in the UK to ban credit card customers from borrowing to buy the cyptocurrency, which has more than halved in value in recent months.
Bitcoin: is it a bubble waiting to burst or a good investment?
Read more
Bitcoin’s slide has led to concerns that people who borrow money to purchase it will be left with large debts if the virtual currency continues to depreciate.
Significant numbers of people in Britain are thought to have bought bitcoin as it surged in value, peaking at nearly $20,000 (£14,465) in December. As news of Lloyds’s ban emerged on Sunday the value was about $8,000 (£5,700).
A spokeswoman for the banking group said: “Across Lloyds Bank, Bank of Scotland, Halifax and MBNA, we do not accept credit card transactions involving the purchase of cryptocurrencies.” I think they still allow wire transfers of cash. If you are in the UK, just to be safe, open a second current account that is outside the Lloydes group for your crypto stuff. |
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Well, I made some decent profits on Feb 2nd with teh flash crash. I had set buy orders reall low, and they filled and the orice rebounded. My best trade had a 37% gain, the others a 17% gain.
You need to set your buy orders really low though, lower than the support lines, because that is the only situation the price will bounce back up to support. If you set them on the support line or just above, you are likely to get crushed if there is a downward trend starting.
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Cryptocurrency-related advertisements have stopped appearing on Chinese search engine Baidu and social media platform Weibo, amidst reports of China’s government tightening cryptocurrency and Initial Coin Offering regulations on Sunday, Feb. 4.
The Financial Times of the People’s Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.
Seems cryptocurrency will not recover so much in a short time...
Do you have a link? The Chinese exchanges have already closed down. So they can't put "regulatory pressure" on exchanges that no longer exist... |
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South Korea has nothing to do with bitcoin's drop. Nor India.
Bitcoin's price is correlated with the amount of new people coming into teh coin. That has dried up because the media keeps saying "bitcoin has lost half it's value", instead of "bitcoin's price is roughly where it was in October.
People don't buy when the price is falling, they don't see a bargain, they imagine it will go down further. They will only come back and buy when bitcoin re-establishes an upward trend.
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If you bought at $1000, congrats, you got in on the ground floor (which was actually less than $1 but I doubt anybody here cares about that). If you bought at $10,000, cut your losses and soon. Progressively lower highs for over month bode extremely poorly. The long-term technical damage to the chart has made it screamingly clear that this is an asset bubble, and a real humdinger.
Even if you bought at $10,000, as long as this is money you don't actually need, you don't need to sell and cut your losses. There is another option, which is to lend your coins out on Poloniex. Your total stash in bitcoin will then accumulate, which lowers your average purchase price, and you can then simply wait for the market to turn. This is what loads of people did when bitcoin went into a bear market in 2014-15. You only need to sell and crystallise your loss if you desperately need the money for something else. |
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The support line is at $7,500, and bitcoin is sitting at aroun $8,300. So it's well above the support.
I've no doubt that the support will get tested again - but we're not in the $3,100 territory yet.
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I don't know if you guys realize this, but the FBI also has a considerable sum of bitcoins. I saw somewhere that the FBI is in possession of one of the biggest bitcoin wallets.
It said that they just randomly started accumulating bitcoin way back when. Kind of feels like a gov. conspiracy, right? I mean why the FBI and not the reserve... Doesn't seem jurisdictional.
The FBI doesn't accumulate or keep bitcoins. By law, any coins they seize in the course of their operations must be auctioned off. In 2015 the FBI auctioned 44,000 bitcoins seized from Silk Road: https://www.coindesk.com/us-marshals-final-silk-road-bitcoin-auction/The US Marshals Service (USMS) has begun its auction of 44,341 BTC seized from convicted Silk Road operator Ross Ulbricht, marking the final sale in a process that began in June 2014.
The tranche constitutes the remainder of as much as 144,000 BTC seized from Ulbricht, who ran the Silk Road dark marketplace under the pseudonym Dread Pirate Roberts. Ulricht was sentenced to life in prison in May, though he is appealing the verdict.
Today's auction, the fourth held by the agency since it auctioned 30,000 BTC in June 2014, is running from 8am to 2pm local time.
According to the USMS, the event features 22 auction blocks. The first 21 blocks will each consist of 2,000 BTC up for sale, with the final tranche consisting of approximately 2,341 BTC.
Registration for the auction began on 19th October and ran through 12 pm EDT on 2nd November. Confirmed participants include the Digital Currency Group subsidiary Genesis Trading and bitcoin hedge fund Binary Financial.
With the conclusion of the sale, all funds confiscated and held during the Silk Road investigation will have been sold by the US government. Bitcoins seized from Silk Road users, as well as the market itself, have been sold in the past as well. Later this year the FBI is going to auction another 3,813 bitcoins seized from a money laundering case: https://www.bloomberg.com/news/articles/2018-01-11/u-s-marshals-to-auction-bitcoins-valued-at-about-54-millionThere isn't anything to panic about - the auctions are held outside of the exchanges and don't affect the price much. |
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What happened to alphatech and their VIPER scrypt asics lol
Curious
Alphatech went bust without producing a single ASIC. Last anyone heard was they were being sued for non delivery. I think the owners got indited too. |
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https://www.coindesk.com/rich-and-paranoid-threats-prompt-radical-security-in-bitcoinland/"Grumpynitis," as he's known on Reddit, figured he had taken every precaution he needed to protect his crypto assets.
After all, he worked as a security consultant to banks, governments and multinationals. He knew how to thwart hackers.
Then he read about the armed robbery.
And the kidnapping. And the swatting.
And he grew, in his words, "quite paranoid," as he continued to perform his day job and realized the magnitude of the new threats the community was facing.
"It makes you think about what could happen one day," Grumpy told CoinDesk in an email. Shaken, he started taking measures he previously didn’t think necessary.
This should set off alarm bells for non-experts. As cryptocurrency values have climbed, many users have suddenly become very wealthy – and consequently turned into prospective targets for offline criminals as much as online ones.
A number of investors are on high alert and trying to keep low profiles, realizing that not only their money may be at risk, but also their personal safety.
Like Grumpy (who, for obvious reasons, did not want to give his real name or other identifying details), they're taking extra steps to protect their coins – and themselves.
But there's growing concern that not enough users are being so cautious in light of the heightened hazards.
"People, time to change the dialogue," cryptographer Ian Grigg recently tweeted. "Never ever ask someone how much crypto they have, or what crypto they have. Lives are now in danger."
Illustrating the perils facing market participants, in December, Pavel Lerner, CEO of cryptocurrency exchange Exmo Finance, was released from the custody of kidnappers after a $1 million bitcoin ransom was paid.
This followed an incident last fall in which New York authorities reported the armed robbery of someone in possession of $1.8 million-worth of ether.
And while it was probably motivated by malice more than greed, a swatting attack on BitGo engineer Jameson Lopp by "angry crypto fans" highlighted how security concerns have spilled over from cyberspace into meatspace. A battalion of local law enforcement cordoned off Lopp's North Carolina neighborhood in response to a false report of hostage incident.
It's against that backdrop that users like Grumpy are adjusting their threat models. Be safe out there, people.
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