If this is actually legit, whereas ICOs are only currently sort of halted and not totally banned, then I wouldn't be surprised if we went back to a bull market again soon.
"Essentially, if the government decides to legalize and regulate the ICO market, its licensing program would structure similarly to the BitLicense program of New York State Department of Financial Services (NYSDF), which requires companies to obtain a license from the state in order to operate and serve people of New York."
Keyword here: if
Take note that based on what the article said, it also isn't 100% guaranteed that China will indeed legalize ICOs. Though I hope the legalization will push through, as China has a significant effect in terms of cryptocurrency markets or any markets in general.
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Based on what we know right now, the only confirmed news is China's banning of ICOs. If you want to read more about this news: https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/China's banning of exchanges are only rumors as of now. We haven't heard of official news from China about banning of exchanges. Most of the post you read online about China's banning of exchanges are fake news and only trying to spread FUD for various reasons. You should always wait for news from the main source only(Chinese Government). P.S. Don't believe Charlie Lee's recent tweet either.
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Honestly, there is no way to say for sure what the price will be in 2027. Bitcoin regulations, bans, and legalization will play a HUGE role in terms of bitcoin's price in the future. Depending how these factors play out in the future, bitcoin can be as low as $5000 and it can be as high as probably $100,000-$500,000(quite a stretch, but who knows?). As we all know that it 2012 bitcoin's value is around 2 digits in price of dollars then now it is more than $4,000 it almost multiply by 285 times in just a span of 5 years then take not that bitcoin is not yet in 10 years of its existence so how much more if the year 2027 comes, I can't really imagine how much will cost of a single bitcoin to that year.
Not because it multiplied that much in the past it doesn't mean it will again in the future though. Just sayin.
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You can take a look at https://coinmarketcap.com/ . They show the percantage of change(rise/crash) in the past 24 hrs of almost all known cryptocurrencies. But of course if you wanted accurate data then you really need to check their charts individually(which I highly highly recommend).
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Here are some things I research when looking at certain coins: - Reading the whitepaper
- Checking if the team is actually legit, real people
- If their github repository is constantly being updated
- A decent community talking about that certain cryptocurrency (preferably in a Slack channel)
- If it's not a ripoff of a certain cryptocurrency
- If it has a decent and reasonable roadmap
- Marketcap and the hard limit on how much/how many of the certain coin can be produced
- How much and how frequent that cryptocurrency is being marketed/shilled on social media
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Bitcoin won't have an Initial Coin Offering since coins have already been circulating for years.
Do you even understand what ICO is?
I'm guessing OP probably meant what the effects of other new cryptocurrency ICOs on bitcoin in terms of price. As we all probably know, ICOs have been getting alot of attention from investors since the first ICO came out; millions and millions of USD worth of bitcoin and ethereum are being received by various cryptocurrency ICOs. In my personal opinion, I think ICOs has a huge effect on prices of both bitcoin and ethereum, since ICO holders most probably dump the BTC and ETH on exchanges after each cycle, effectively lowering the price of both BTC and ETH significantly. It used to be fine in the past, but as every week more and more new cryptocurrency ICOs are being announced, ICOs definitely have an negative impact in the market in terms of prices.
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Will they cost 10k by December 15-20k next year?
$10,000 (which is more than twice the price of bitcoin currently) by December might be quite a stretch, but it's very possible if bitcoin publicity and demand continues to rice steadily at the same time, without so much FUD(like the recent China ICO and exchange bans) affecting the prices. Of course bitcoin won't go straight up though, always expect dips and crashes to happen especially if the prices go up too high and too fast. Considering bitcoin's hard cap on 21 million though, it's always a good time to invest in bitcoin, as at some time after a good certain number of years bitcoins being minted will go to a halt.
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If you want to purchase Bitmain mainers, go straight to their website and not some 3rd party seller: https://shop.bitmain.com/Here's my past research about that site. Someone was also asking about that site in the past. Googling bitmain, bitmainmasters.com doesn't appear on my side. What you probably saw is most likely an advertisement. Doing a bit of research, I'm not sure if it is a scam, but it most likely is. Here's the whois result: Domain:bitmainmasters.com Registrar:Network Solutions, LLC. Registration Date:2017-04-03 Expiration Date:2018-04-03 Updated Date:2017-04-03 Status:clientTransferProhibited @domaindiscreet.com Looking at the registration email, I think it looks like sort of a disposable email. Though I'm not 100% sure. It also has a video of their "mining operations" on their mainpage, which is a video from 2014. They probably just youtubed "bitcoin mining" then found that video and claimed it was theirs. Also, I couldn't even find reviews of the website, or any posts about it at all on bitcoin/cryptocurrency forums. I would stay away from it. If you're looking at buying miners, go to the reputable sellers instead.
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What solution are you looking for? You saw the huge percentage growth in price of whatever that cryptocurrency is, got too greedy, FOMOed out bigtime and probably went all in since you lost all your investment like you said, also probably expecting it to x10 in a day or something. Just accept it that you fucked up and made a huge mistake, and learn from it. Make it a habit of not just going in on shitcoins. Do your research first on the cryptocurrencies. Not because it rose in price doesn't mean it's a good investment. EDIT: Just checked coinmarketcap.com. That "Drxne" coin isn't even listed there.
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I could see $55K if there weren't thousands of coins and ICO's popping up everywhere.
True. Those damn ICOs. Taking up a huge number of bitcoin and ether then just dump it on the markets, effectively and significantly lowering the prices of both (if not almost all) cryptocurrencies. I was fine with ICOs at first, but then people saw the huge opportunity to receive a huge amount of funds and now it's obvious that most of the ICOs are simply just cashgrabs. People even invest in ICOs even though there isn't a working product. The project managers just need a simple Wix/Wordpress website then they're already halfway finished so they can start receiving funding. It's sick. It's slowing down the price rise for sure.
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If the correction is because of central bankers buying lots of bitcoin, then why did the price crash? Wouldn't it rise because bankers bought lots of bitcoin like you said? The price semi-crash/dip is because of China possibly banning exchanges(unconfirmed), since based on coinmarketcap, China has a huge percentage of bitcoin's trading volume (look at screenshot below). Also, don't forget that bitcoin rose in price too high and too fast in the past months. So a correction is really to be expected.
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What is the necessary to mention coins.ph. referral link so many times in this post with highlighted color?
Because he gets a dollar bonus if someone registers using his referral link and finishes the verification stage. It's easy to spot an article of it's only made for spreading your referral links OP. And how is using faucets even close to "making money" anyway? I'd rather go and work at McDonalds rather than do captchas all day. Tldr; of OP's blog: - Register through his wallet referral link
- Do faucets
P.S. Your grammar needs fixing.
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Do you have any github source and suggestion? After find out there are Wlox, Peatio or else. If you know any interested then let us know. The first step is always the hardest step. Thanks
What's your prerequisite? What experience / skills do you have? This is what OP said on his previous reply: "We are building from scratch. Of course we don't have much skill so, need your suggestion about coding first then step by step." lmao. To OP: If you don't know how to code, and you're just probably gonna copy or base your code from a certain GitHub source, then sorry. You've already failed even if your exchange isn't even up yet. It's like saying you just entered high school then saying you want to run as president on the United States 2018 election.
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I've noticed that even when I have the right information or the right idea of what to do, I make a lot of bad trades due to emotion, so I've been thinking more and more about making a trading bot recently.
a bot is not going to change much. you can automate a lot of stuff but you still have to have a clear strategy and a good plan to stick to. it won't do if you have little experience in trading and have no idea what to do in different scenarios like when an unexpected dump happens. Well I think the point here is that in hindsight if i had made the trade as planned it would have profited, but due to emotion, i would trade when i shouldn't, or not make a trade I should because of fear. The point of a bot would be to execute those trades as planned without overthinking it or acting out of fear/fomo. But the bot wouldn't be affected by FUD and or panic because of certain news, whereas people do. People panic = People sell = Price dips/crashes. Can a bot react to certain news? No it can't. News(both positive and negative) has the biggest effects on the markets in my opinion; a perfect example of this is the recent news about China banning ICOs and possibly exchanges(unproven). Just saying.
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I don't think so. I'm pretty sure trading bots are mostly Windows and Linux/Unix based, and they usually require tremendous fees. Though I never suggest using trading bots, ever. I used to see a good number of posts about https://cryptotrader.org/ in the past on Reddit, but I'm skeptical of it and I'm not sure if it's legit. Proceed with caution.
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I am planning to host bitcoin faucet. And i heard they accept bitcoin.
https://www.vultr.com/ accepts bitcoin too. And I think Vultr is more reputable than chunkhost in my opinion. Since like I've said, I've never really heard of chunkhost until you mentioned it. It's you're choice though.
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What are you planning on using Chunkhost for? I've never heard of it personally so I can't comment on it if it's good or not. Personally I use Vultr and DigitalOcean on some of my websites, as they've always worked well for me and I haven't had any problems with both.
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We are building from scratch. Of course we don't have much skill so, need your suggestion about coding first then step by step. Thanks for your reply.
So you don't have the skills. But your first goal is to create your own exchange? Don't you think that's too farfetched? Start slow. Learn some basic coding/programming. Specifically: HTML, JavaScript, PHP, and probably Python.
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needs. more. information. What do you need help with? Coding? Marketing? Information Security? UX/UI? ? ? ? ? ? Based on vagueness of your question alone it doesn't look like you have the qualifications to build and maintain an exchange.
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