Well, just woke up to read that CnLedger has confirmed statements from BTCC that this move was voluntary on their own part. Plus, OKcoin and Huobi, the other two Chine giant exchanges have confirmed they heard no official statement saying anything from the govt. Still, anything slightly bad was always going to tip the bull over in this market condition. Anyone else selling stuff to buy new coins? https://www.cryptocoinsnews.com/bitcoin-price-falls-to-3450-but-analysts-are-not-worried/ |
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It was the GS analyst who as predicted that market will from 47004 to 2200$ in coming time and now to an extent this seems to be coming true. As market has already felt by 1500$ and now trading at 3350$ approx. So in coming time we could see bitcoin in range below 3k.
I have the feeling that it may very well be that Goldman Sachs itself was largely responsible for the recent uptrend. It's quite shocking to see how accurate a non crypto player gets to call top and bottom. If the market bounces back up from the $2000 mark in the coming days or weeks, it will be no coincidence. I am hodling as always, but I won't mind buying even more coins far below the $3000 mark if becomes reality. My target was to buy back at sub $3500 levels, and I managed to do so just under the $3350 mark. Next target will be anything below the $3000 mark ~ if we don't fall back that low, then no problem, I am happy that I bought back already. I was probably one of the first to brush off Goldman Sachs when they announced they would start entering Bitcoin into their prediction analyses. I recall quite well how accurate they were with their maiden attempt, especially when it went broadly against the grain. And then after their second and third correct calls, I had to admit they probably knew a lot more than I gave them credit for. Now I'm not one for conspiracy theories, but like you, I wonder now if they were a bit more "in the know" then anyone realises. You can't keep making such bold claims and expect to get away with it if it doesn't turn out. My bottom call? $2800 |
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Well, the yuan Bitcoin price will increase, not decrease, in the wake of any confirmed exchange shuttering in mainland China.
A significant factor in Bitcoin's popularity in China has always been to enable capital flight (there are many methods to achieve capital flight from the Chinese economy, but Bitcoin is both attractive and popular amongst those methods). That real demand use will continue to exist after any exchanges are shut, and will simply add a price premium to BTC exchange denominated in yuan.
This move (if followed through with) could imply that the Chinese capital flight issue is causing the Chinese economy problems so serious that they cannot be ignored. That's a hell of a way to make the capital flight worse, and this is ostensibly happening in the economic/manufacturing powerhouse of the world.
Further, China have a geo-strategic headache brewing with North Korea. The Chinese have supported the North Korean regimes of the past, the likely reason being that North Korea can be used as a convenient distraction to US interests in South East Asia if the regime is given the right support at the right time. The Trump administration have threatened something pretty high stakes in terms of action against China if it's government continues to support North Korea in spite of the new economic sanctions against North Korea: the removal of China from SWIFT.
This would cause untold problems for both China and the US. It seems everyone involved is happy with the compromise, if we take them at their word. If the Chinese economy really is in trouble, as this move against cryptocurrency exchange implies, then there could be serious world-recession calibre fireworks in the pipeline.
Sound take on the underlying cause for the move. What I'm thinking of though, is that since BTCC also makes mention of the 4th September "statement", then why would they also not read into the explicit exclusion of p2p exchanges? If the volume on those is why the govt wouldn't be worried, surely the exodus of traders will find their way to localbitcoins or similar? I still feel there's a lot more happening than we are let in on. And yes, after this sell off, expect Chinese prices to exceed the current premiums of South Korea when people realise they still need to use BTC. |
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I took some early bets two weeks ago on this fight, also I felt the rounds options offered better value. It shouldn't be an early outcome I hope! I had an even on ending at 5-8 (11/4) and 9-12 (9/2) so I either get .75 or 2.5 returns. Bookie odds have favoured Golovkin slightly since that time too, so the Mexican's slight underdog status is only growing.
I don't know about TKO/KO/Disqualification outcome... it's almost 9.0 at Betfair. Tempting as both are capable but waiting to see if any other specials come out.
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Sure! You cannot blame them but the funniest part is if you tell them from experience, they end up thinking you are insane or you have no idea what you are talking about. I feel the best is to always allow them to fall for such news so that they can end up learning from their mistakes for the future. I can imagine the huge smile, laugh, and party going on among the whalers right now.
I didn't react to the rumour mill (not by selling anything, anyway) and I'm sure the majority of actual holders didn't as well. At the same time, this latter behaviour (of yesterday, not the weekend) does seem like some people are learning their lessons from 2013 and 2014. I'm pretty sure whales would have at least diversified out a small portion of their coins. In fact, it's a natural hedging strategy. There would also have been those whose stop losses simply triggered at $3990 or lower, when they bought at low $4,000s as the uptrend did not happen. That would help explain the shedding in exchanges other than in South Korea (Bithumb). |
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^ But overall good results for the English clubs. I'm only worried about the Spurs since they're up against two of among the best clubs in Europe (Real, BVB). They won their first game but I'm still not convinced they'll reach the KO stages.
Ordinarily, I would agree with you. But they have been good away so will look to repeat their victory against BVB, and to me, that will almost certainly guarantee them 2nd place. If anything, them shaking off their home hoodoo last night will mean they can set themselves on a winning spree even in the EPL. Real of course should comfortably win all their games, even if I'm tempted to bet for 1 loss to Spurs. Hala Madrid .... any one in here want to escrow a bet against me and Real Madrid ? I know this is my first post but I came here to bet.
Hey, you. Actually, if you're betting on RM to win the CL, you'd get far better odds with a bookie right now than a 2x escrow bet. I do take PvP bets but on Liverpool options, and with Gbyte, if you're interested. |
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See, this is the more appropriate - and expected - response from the Chinese government. Anyone who read the original Caixin article would also realise it was simply missing too many elements. Also, don't know if anyone understands how Chinese newspapers look like in Asia. They're incredibly sensationalist.
Anyway, this China news mill is an oft-repeated cycle and one people with deep pockets can take advantage of. This doesn't even need technical analysis, it's just common sense to spot the difference between actual news and rumour mongering by even the big business guys like Bloomberg and WSJ (just to note, actual news doesn't mean it's true either!). Still wish I had a bit of Tether to take advantage of this dip.
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One match caught my eyes for today.
The match is Leipzig VS Monaco - i cant see how Leipzig can win this match. I go for double chance Monaco or draw @ 2.15!! Great odds.
Nice one CarlosPuyol, Leizig vs Monaco 1-1 FT  Should have seen Puyol's prediction. Completely blew all my best tonight for the second successive Liverpool match haha. I have such short memory I keep forgetting how Liverpool are liable to do things the hard way. Shall they go 3-1 up with a simple penalty? Nah. Shall we protect our two wingbacks on yellow cards? Nah, we can play with 10 men. Funny incident about the Sevilla manager though. Wonder if he has a thing against Gomez. |
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Good to see you've thought up some of these points already. For me, a complete reset is the best - in terms of player statistics or in-game boosts. Once a player knows how to game the system, they can easily reach the level required to use their old powered up items, and then the playing field is gone. What you could reward returning players with instead are boosts to exchange rates when they do cash out crypto rewards.
Another thing this brought up: don't allow people to buy ridiculously powered items/stats/boosts. Again I will bring up Utopia, where you could pay to remove ads, but nothing you could buy would improve your edge over other players. This is the killer in the end.
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Here's my take. I don't quite buy that there isn't any demand for fiat casinos to prove their fairness. If there weren't then these casinos wouldn't be regulated - part of effective regulation is to require them to prove fairness in their games. As someone already mentioned, at the moment, these certifications are targeted at RNG systems built into proprietary software you'll find on all these fiat casinos. This is, at the moment, not the same way provably fair systems in crypto dice work. With fiat casinos, you rely on 3rd parties... testing labs and certification companies who prove fairness. With crypto gambling provably fair, you do it yourself. I'm pretty sure the provably fair feature wasn't demanded from Bitcoin dice players either. It certainly is now, but only because it's become the benchmark for crypto casinos. And to answer one of the original questions (Who was first?)... I would like to know too! I wrote a piece on this a while back. My cursory research points to BitZino way back in 2012. Here's their thread about it: https://bitcointalk.org/index.php?topic=87656.0 |
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At least you can admit to and recognise some of the emotional play involved when entering Bitcoin as a newbie. Assuming you didn't just dump your entire life savings into that 1 BTC, you should just take a backseat and enjoy the ride. If Bitcoin's price history is anything to go by, it won't be long before $4,000 is the new safety net (yeah, sorry, it's at 3,800 now!). Even if it takes a year for it to recover to $4,600, that's a worst-case scenario and it's no real loss to you, seeing as that $5k is a possibility close (in the medium scale!) at hand.
I know I wish I were able to buy more often, and each dip like this current one makes me rue the fact I don't have cash on hand even more. Do stick around, stay active, contribute. Then when prices recover we can all get excited again.
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Real estate seems to be the latest industry to hop onto the ICO train. I would be extremely careful with these, though. As far as I could research, in the real world, only the UK and US have started accepting regulatory compliant Bitcoin payment for real estate - and these are very recent deals for purchases, not yet rentals.
Anything else seems to be at proposal stage, with none of the ICO teams able to provide a transparent track record to back up their extremely high claims of projected return (yes, even 10% is high). They may have good developers on their teams, but actual realtors? Hard to tell. As a poster points out, the average returns for even the booming UK market is below 10%. Hong Kong, Kuala Lumpur, Singapore, where the markets are already so heated, many areas are also falling in annual returns.
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China banning bitcoin again I see, that has never happened before right?
China isn't banning Bitcoin again. This is a ban against ICO, and the rumour surrounding the closure of crypto exchanges. Even the very earliest rumour or fake news, however you want to call it, explicitly mentions that the government's concerns are not about Bitcoin and will not affect peer to peer exchanges. So, EVEN if the rumour were true, Chinese people are still fully welcome to trade at localbitcoins. But yes, China has made Bitcoin transactions illegal in the past, at least partially. See this move from December 2013: https://www.bloomberg.com/news/articles/2013-12-05/china-s-pboc-bans-financial-companies-from-bitcoin-transactionsIt later caused Baidu (China's version of Google) to stop accepting BTC. Prices plummetted more than half after that string of events. |
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This would not be a total text based adventure. It would also not be a fully hack and slash. I intend it to be a nice mix of hack and slash, Quest Completion, Puzzle solving to City Building Resource collection Strategy and Empire building.
Bots are a pain to even the biggest games out there we will do our best to tackle. Maybe some characters would randomly appear in the game and block player progress till they answer a question like (How many apples you have if I give 5 apples and then 3 apples ? )
A main reason I thought about an external token is that I would not want to be deciding the rate of exchange of in-game currency to BTC/fiat or anything. I want it to be totally left on market to operate it. While I can manage with how much is the rate of in game items depending on the costs of servers and value of the coin.
Elsewise it would be a great overhead to calculate our revenues and decide the rate of exchange.
Yup we will come up with an alpha before going more into implementing payments. Would sure welcome ideas though.
One of the features about MMORPGS that have lasted until today (such as Utopia, since the 90s!) is utilising a reset cycle. You could implement this partially - story quests or plotlines never reset, but parts of the game which require growth or leveling up can have a definite time limit. My own big idea is based partially on this concept. This helps reward frequent players by keeping their names on a permanent "Hall of fame" for Round X, for example, yet prevents newcomers from getting discouraged by the days they have to pour into the game just to get to the same level as the middle-level players. I'm sure a "reward" to the top players of each round will keep interest flowing Bots are a huge pain! This is why I say it is one of the most critical aspects of your game. You need a system that constantly changes, if possible automated detection. I wonder if you could use some crypto aspect here? Perhaps a required signing of messages given in game by random characters from your wallet every 2 hours? Bots easily figure out maths now I think! |
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Now that you mentioned it, I wonder what the developments have been with Samourai and Dark Wallet. Just checked both websites and Samourai seems still in Alpha, DW in public beta.
The former supposedly worked on some mixing features such as randomised outputs on each spend while DW would implement an extended CoinJoin. I've only seen the DarkSend/PrivateSend feature on an a rather poorly supported alt wallet (no, not Dash but Bitradio haha) but never used it. I don't currently have the means to test either, but now you know and can try!
AFAIK Dark Wallet development is stalled since 2016 and I haven't seen any relevant progress since then. And since the project is still in beta, I wouldn't risk my coins with them. That's the problem with many of those projects. They never keep going. Ah, right, thanks for that. Amir Taaki had a very recent interview about Bitcoin (extreme libertarian Bitcoinist, believes in core but also believes Bitcoin needs to return to its ideological roots) and he was still referred to as the "co-organiser" (whatever that means) of Dark Wallet. Maybe I misheard or read too much, but it seemed a lot like DW was very much alive. All the same, I wouldn't mind testing a bit of coin on stuff like that - just more concerned with screwing my computer up is all  |
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This is one of the most exciting months for me. September, when everything is bright and this year, my Liverpool is back in it after being absent for FAR too long.
Right guys, I'm actually betting on Basel to hold Man Utd to a 0-0 draw. If either team scores first, then it'll be a 1-1. I still have terrible memories of Basel knocking Liverpool out of Champions League all those years ago. Anyone want to host some mini comp for us bct players? Simple rules, straight winners pick of each group perhaps?
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go for stockpiling
you can't predict the market short term, but you can predict it long term
trading involved a lot of stress and can lead to sleepless night, you'll feel better once you've stockpilled
I hate to say this as well, but 100 pounds, in the scheme of crypto, isn't very much. I would also go for a stockpiling option. Hold everything in Bitcoin, it will surely increase long term, and then keep adding to it, no matter how small. My experience actually started a lot lower. I waded into crypto in September last year (yes, almost a year!) and, not unlike most newbies, hit the faucets heavily for the first few weeks. I wish I'd kept better records but I quickly realised it was useless. Numbingly taking as many faucets as I could from Xapo, moobitcoin and faucetbox was hard work with little to show for it. But I do remember accumulating my first 1,000,000 satoshi by October - mainly from faucets and a few "lucky" hits from an Eth lottery! Mind you this not even $10 at the time. But today, that's worth over $40. Anyway, I kept adding to it, slowly switching my freelance payments from Paypal and fiat to crypto. People paid a lot of alts worth almost nothing then. They got worth a lot more earlier this year, so I lucked out and kept adding to my BTC. I still don't have much today. But it's substantial in my book. Do the same. Stockpile, keep learning. And when you've got something proper to trade or ICO with, then you change strategy. |
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Quit trolling, toke  But yes, has our friend Eality dropped out? Or was he going for crazy scores all over the place? Ouf, I would have *really* loved to do this pool for Champions League but yeah I suppose it's not worth it unless we start from after the Group Stages are over. Now a World Cup finals pool would be something to look at. I'll keep an eye out for something free like the BBC sports predictor. I have a feeling FIFA might do something. I recall a sort of league game they made last World Cup, but it wasn't points based. Just a simple straight pick. |
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According to some resources the recent ransomware attackers have already exchanged their Bitcoin for cash, but by first passing their Bitcoins through a mixer which made it tough to know the source. Mixers can largely help in hiding any Bitcoin transactions that too easily. But according to another resource, the use of Bitcoin in illegal activities have reduced to half and people have started using other cryptocurrencies for the same.
A few major mixers, including Bitmixer.io have alluded to being aware that a large part of their clients were from dark markets or involved in illegal activities. However, what is apparent is that intelligence software used by law enforcement has caught up and is still able to track users even with the long trail of mixing. It was precisely Bitcoin use that led to recent captures, despite using mixers. It's worth to note that few mixers have updated their techniques. what mixers are they using, now that Bitmixer.io is closed?
There's a major, new player, whose ads you'll find plastered prominently in this forum. I also happen to be a supporter, as you can see. The admin reported a huge surge of new clients immediately after Bitmixer's closure. I'm sure the other mixers saw increased traffic as well. |
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Earlier last week, Geneva's local goverment thought blockchain would be the perfect way to solve their official document storage problems. Even if goverments may continue to view Bitcoin with suspicion, the underlying technology will be difficult to discredit. And once that hurdle is overcome, they can warm up to Bitcoin as a currency, like Switzerland and Finland now have.
P.S. Finland-based Localbitcoins should be the first to welcome this news!
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