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1721  Economy / Exchanges / Re: Bittrex ignores thousands of clients! on: February 01, 2018, 03:00:39 PM
Bittrex is now claiming that it is going to enable dollar trading:

https://www.cryptoninjas.net/2018/02/01/bittrex-ceo-will-us-dollar-trading/

This is in response to their tether problems. They have the biggest tether wallet in the eco-system, and most of it is likely to be worthless.
1722  Alternate cryptocurrencies / Altcoin Discussion / Re: No Facebook Instagram No Cry on: February 01, 2018, 02:50:13 PM
What is banned by Facebook and instagram is the ICO ads, not our Facebook account or Instagram ICO menshare the ICO promotional means that will be banned.if you interesting in joining some ICO, just joined to daneel project in www.daneel.io to make a good opportunity to get a great profit

This. There is still scope for people to use innovative marketing on Facebook without actually paying Facebook to run ads. They can run bounty campaigns for users instead for example. In fact most ICOs prefer to do that instead of buy Facebook ads...
1723  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The Flippening! Ethereum. on: February 01, 2018, 02:43:20 PM
157B vs 110B, they've never been so close indeed. Very interesting, seems BTC might lose its position as number 1. And since it already failed as a payment system, there will be no value left when ETH passes it

Well - Ethereum is gaining acceptance in odd places. Remember Venezuela saying they were going to launch their own petro cryptocurrency? Well, they're doing it on the Ethereum platform!

https://motherboard.vice.com/en_us/article/9knegp/the-venezuelan-government-is-doing-an-ethereum-token-sale-to-support-its-new-cryptocurrency-petro

Quote
Venezuela’s economy is in deep trouble. To dig itself out, on Tuesday the Venezuelan government unveiled its full plans for the Petro, a bespoke digital currency backed by the country’s oil resources.

The white paper reveals that prior to the Petro’s launch, Venezuela will create a token on the Ethereum blockchain and sell it. Tokens are not cryptocurrencies, like the Petro will be—they’re digital assets created out of thin air and their value is only whatever people are willing to pay for them.

Most token sales on Ethereum (events known as Initial Coin Offerings) are used to raise money to fund development, but the real fundraiser for Venezuela will be the public offering of Petro itself. Instead, according to the white paper, the token pre-sale “will promote and guarantee demand for the Petro Initial Offer, which will be made later.”

The idea seems to be that people will snap up tokens in order to trade them in for Petros later, when those go on sale. The “reference sale price” for the tokens will be the same as Petro—$60—but discounts will be applied to promote token ownership, and in return Petro. Basically, it’s guaranteeing demand for the Petro by manufacturing a financial incentive.
1724  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [LTC] Litecoin future in 2018 on: February 01, 2018, 02:27:29 PM
Litecoin is gaining merchant adoption in South Korea, which could be bullish for the coin if people choose to use it:

https://www.profitconfidential.com/cryptocurrency/litecoin/ltc-price-forecast-south-korean-ecommerce-giant/

Quote
One of the largest e-commerce platforms in South Korea has just announced plans to add support for 12 cryptocurrencies. One of these is Litecoin.

Wemakeprice Inc., commonly known as Wemepu in the country, is an online seller of goods and services. It is engaged in e-commerce and also sells software development and online marketing services.

The Seoul-based company has revealed that it is in talks with one of South Korea’s largest exchanges, Bithumb, to add support for cryptocurrencies. The company would start accepting payments in a dozen cryptocurrencies including Litecoin, Bitcoin, and Ethereum.

Here’s what a company spokesperson had to say:

“Integrating cryptocurrencies is a part of our initiative to make payments more convenient for our consumers and clients. We consider mobile fintech apps, points, and cryptocurrencies as efficient payment methods.”
1725  Economy / Speculation / Re: 'Maybe bitcoin is a kind of a bubble,' Goldman Sachs CEO Blankfein on: February 01, 2018, 02:20:23 PM
Some background has now come out on this story from Bloomberg:

https://www.bloomberg.com/news/articles/2018-01-31/goldman-sachs-felt-rushed-by-quick-roll-out-of-bitcoin-futures

Quote
Goldman Sachs Group Inc. has a reputation for being one step ahead of its Wall Street rivals. But it wasn’t ready for Bitcoin futures.

When two exchanges got the green light in December to list derivatives contracts tied to the suddenly ubiquitous digital coin, Goldman was still mulling whether it was appropriate for its own employees to trade futures, said Rana Yared, a managing director at the firm. Before Goldman had made up its mind, clients started asking the bank to execute their transactions, she said.

At a public meeting held Wednesday in Washington, Yared made clear to the Commodity Futures Trading Commission -- the U.S.’s top derivatives regulator -- that Goldman wasn’t exactly thrilled with the quick rollout by CME Group Inc. and Cboe Global Markets Inc.

“The launch of the product by both the Cboe and the CME left us in a very interesting position of having to receive contracts from clients that we ourselves have not made a decision as to how to regard,” Yared said. It’s “critical” for major clearing firms like Goldman to be prepared for new contracts so they can “risk manage them appropriately,” she added.

1726  Bitcoin / Bitcoin Discussion / Bill to allow Tax Payments in Bitcoin Advances in Arizona on: February 01, 2018, 02:15:22 PM
https://www.coindesk.com/bitcoin-tax-payments-bill-advances-arizona/

Quote
Lawmakers in Arizona have advanced a proposal that would allow residents in the state to pay their taxes in bitcoin.

CoinDesk reported earlier this month that a proposed law before the Arizona legislature would, if approved, let taxpayers make their payments in bitcoin or other cryptocurrencies. The bill was submitted on Jan. 9.

"The Department [of Revenue] shall convert cryptocurrency payments to United States dollars at the prevailing rate within twenty-four hours after receipt and shall credit the taxpayer's account with the converted dollar amount," the text of the bill reads.

Public records show that last week, the Arizona Senate Finance Committee had given the thumbs-up to the measure by a 4-3 margin. The bill remains before the chamber's Rules Committee, though the endorsement of the Finance Committee – which encouraged that the bill is passed – increases the likelihood that the measure will succeed.

If taxes can be paid in bitcoin, that makes bitcoin a currency...
1727  Bitcoin / Bitcoin Discussion / Re: Will bitcoin replace gold? on: February 01, 2018, 01:59:39 PM
Gold is trying to fight back:

http://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-invest-gold-replacement-cryptocurrency-precious-metal-wgc-world-council-digital-a8187546.html

Quote
Some financial experts and commentators have claimed that digital currencies like bitcoin could, like gold, become a safe investment in the future, but a new report from the World Gold Council argues that they are very different.

Gold is less volatile than cryptocurrencies, and its purpose as an investment is much clearer, the report claimed.

“In our view, bitcoin and cryptocurrencies more generally are not a substitute for gold,” it said.

“Gold is a tried and tested effective investment tool in portfolios. It has been a source of returns rivalling that of the stock market over various time horizons; it has performed well during periods of inflation; it has been a highly liquid, established market; and it has acted as an important portfolio diversifier, exemplifying negative correlation to the market during downturns.”
1728  Bitcoin / Bitcoin Discussion / Re: India to Kill all cryptocurrencies - No need to panic though on: February 01, 2018, 01:34:18 PM
Is India a big player in bitcoin? My impression was that adoption in India was less in absolute numbers than in South America, where it has taken off in places like Argentina, Brazil and Venezuela.

The only reason some Indians buy bitcoin is because the Indian govt has capital controls in place for fiat currencies - so perhaps a few rich folk are buying it.
1729  Economy / Speculation / Re: this is the drop i have been waiting for on: February 01, 2018, 12:36:21 PM
still dropping.....whats the bottom?

it went

5x down in 2013 so ? 20k ---> 4K?

Bitcoin is still within two channels. The lower support line is around about $3130. The higher support line is around $7500. We are at around $9100 at the moment, so still not in the danger area.
1730  Bitcoin / Bitcoin Discussion / Re: First UK's bitcoin robbery. Stay safe. on: February 01, 2018, 02:11:30 AM
Update on this case:

http://www.dailymail.co.uk/news/article-5327843/Bitcoin-robbers-left-failed-raid.html

Quote
Bitcoin robbers who stormed into a traders house and tied up his girlfriend were left with nothing when his transfer of the crypto-currency failed to reach their account.

Am not sure how nothing reached their account - did the miners not pick up the transaction, did he fake that he had sent it?
1731  Bitcoin / Bitcoin Discussion / Re: Best way to remain anonymous from the NSA? on: February 01, 2018, 01:53:34 AM
Regarding Bitcoin, how can you transfer it and still remain anonymous? The NSA can track some of the BTC transfers, although it is a laborious process for them. Any ideas about how to foil their attempts, at least somewhat?

 Smiley

It's not labourious for them to track transactions - the bitcoin ledger is public, remember? It's easier for them to track bitcoin than cash. If you genuinely want to be anonymous, use Monero instead.
1732  Economy / Trading Discussion / Re: 5 errors when buying crypto currency on: February 01, 2018, 12:19:06 AM
Also - don't forget risk management. Don't go all in. Instead only stake 1/10th of your stash on a trade. That way, if you get it wrong and you get stopped out, you still have money to place another trade.

Most noobs think that going all in will help them make profits quicker - but it also gets you wiped out quicker.
1733  Bitcoin / Bitcoin Discussion / Re: Turkish amateur football club paid for a player with cryptocurrency on: January 31, 2018, 11:43:06 PM
Quote
"We did it to make a name for ourselves in the country and the world," club chairman Haldun Sehit told CNN Turk.

basically this sums it up.
from what i have been seeing, it seems like many are trying to gain publicity through bitcoin and cryptocurrencies. not long ago i thought it was a rare thing that someone does something like this, but apparently the examples are growing.

It's not new - Overstock originally enabled bitcoin just to gain publicity amongst the crypto crowd, and they ended up with a lot of people who would normally only shop at Amazon, making accounts with them just to use bitcoin as their payment method. So it works...
1734  Economy / Exchanges / Re: Bittrex ignores thousands of clients! on: January 31, 2018, 10:11:49 PM
After waiting for 5 months for bittrex support to contact me they still havent my account got disabled october 2017, i tried to file a complaint to better business bureau and this is the latest reply

"This message is in regard to your complaint submitted on 1/12/2018 against Bittrex, Inc..  Your complaint was assigned ID 12610179.

BBB received your most recent correspondence regarding the above referenced complaint and noted that you are not satisfied with the company's response. BBB is informing you that the company has not offered to change its original position.

Since BBB is unable to pursue the matter further, we have closed your case as unresolved. Your complaint will remain on the business's record for three years and will be reflected in their Business Review.

Please let us know if the company has been in contact with you directly to resolve your concerns so that we may update our files accordingly. "


now what am i supposed to do ? Undecided Undecided

I don't think there is anything anyone can do - Bittrex is in trouble IMO. And they also hold massive amounts of Tether, which may or may not be useless.
1735  Bitcoin / Bitcoin Discussion / Re: South Korea says no plans to ban cryptocurrency exchanges on: January 31, 2018, 09:42:05 PM
One FUD problem down, only China, Europe, India, the US, tether and whatever else FUD to go! Cheesy

The next FUD is going to come out of the G20 meeting - will they or won't they "tighten up", "regulate", "ban" cryptocurrency!
1736  Economy / Speculation / Re: Historic BITCOIN crash on: January 31, 2018, 06:02:50 PM
let me remind you of this, that this is not the first time bitcoin has crashed very significantly and its not the worst of all crash. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -48%---> From $ 19,783 to $ 9,496

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

The actual crash in 2014-15 was much much deeper. It went down to about $208 on Jan 14th 2015. In other words it wasn't a short 49% crash as you are portraying, but an initial short crash, and then a slow bleed downwards. If you owned in early 2014 by early 2015 you had lost about 76%.

If you don't believe me, look at the graph on Coinmarketcap and hover your curser around the early 2015 prices:

https://coinmarketcap.com/currencies/bitcoin/
1737  Economy / Speculation / Re: 2018 Cryptocurrency Crash (Elliott Wave) on: January 31, 2018, 02:53:10 PM
"Super Blue Blood Moon" trade...
https://youtu.be/zUQiUFZ5RDw




In order to go to the $8000 level, we need a lot of sellers - and I'm not sure where they are going to come from. The Tether Bitfinex news sent the price to just under $10,000, but there appear to be a lot of buys at that level.
1738  Bitcoin / Bitcoin Discussion / Re: Facebook ban ads for cryptocurrencies and ICO'S, what will be the effect? on: January 31, 2018, 02:44:07 PM
The mainstream media are presenting this as bad for Bitcoin. But it's actually bad for Ethereum.

Very few ICOs are priced in Bitcoin. Most are priced in Ethereum, and the Mobius ICO was priced in Stellar Lumens. So those are the coins that are impacted by this.
1739  Economy / Exchanges / Re: Paid exchange listings on: January 31, 2018, 02:30:36 PM
Exchanges will only list you if they think you will bring enough trading volume. So work on building your volume on HitBtc as you are already listed there. That in turn will entice other exchanges to give you a look.

If you want an alternative listing, try a listing on a decentralised exchange like openledger:

https://openledger.io/welcome

(At the bottom on the page there is a "list your coin" form)
1740  Alternate cryptocurrencies / Altcoin Discussion / Re: Have you invested to certain altcoins and lost all your money? Read everything! on: January 31, 2018, 02:21:37 PM
The only money I've lost is due to exchanges like Cryptsy and Mintpal running away with our money - in other word exchange fraud was the problem.

With alts, as long as they are listed on an exchange somewhere, they will eventually get pumped - so you just wait for that to happen in order to cash out. The biggest risk for alts is being delisted - as long as they can stay listed, you have a chance of getting your money back.
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