It may sound harsh, but it's his own fault. Margin trading is similar to gambling, so before you start with this, you have to accept the negative side of margin trading.
Indeed, he should cash out at the time that he has BTC300. ohh he has nothing since he did margin trading, it is risky gambling. But it is his fault as he didn't take the profits back at the time. When someone become greedy over something, most turn into the opposite way. Trading is a gambling which you against others, compete to buy and sell at the right time, but with margin trading, the risk just increase and the funds will be lost faster than common way of trading. |
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22 days never rejected? honestly for me in my experienced it takes 5 to 7 days to be rejected when i'm using electrum wallet..
32 days? Mine got confirmed after 40 days has passed, 5-7 days to be rejected? I have no idea how this technology works or if there is a queue time for a transaction to be rejected. I have sent bitcoin on December 14th, 2017 and got confirmed on January 21st, 2018, don't you think it takes too long for it to be rejected? But finally, my transaction confirmed, LoL. I'm using electrum wallet as well. |
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Blockchain has a lot of potentials, it's not just bitcoin but there are many other altcoins using its own modified blockchain.
The first time I knew about bitcoin which meant to be an alternative currency, it's amazing technology and considers the price as the potential of bitcoin as a better monetary system. People are used to the advantages of bitcoin but it has changed since more adopters get into crypto-world.
Blockchain simply can't afford too many transactions in every second which is an indication more people attracted to bitcoin right now, but on the other side, it makes bitcoin lose the utility appeal since we have to pay higher fees and waiting for a long time for the transaction to be confirmed. Most people get into bitcoin because of the price and treat it as speculative object to make money.
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The high fees make it very difficult to profit of this.
For bitcoin transaction, yes it is. Hence, you need a huge amount of capital to do it. But, we know it's not easy to transfer bitcoin from an exchange to another without have to pay high fees or have to verify your identity in order to cash out fiat currency. That's why arbitrage trading may work better if you buy altcoins using bitcoin or vice versa to get a decent profit. |
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Why would you want to have it? Bitcoin is virtual and does not exist physically but i saw one, a representation of bitcoin which my cousin bought. But that is only as a souvenir or a keepsake.
Don't you think it's amazing to have a souvenir in form of a coin which actually really worth over thousands of dollars? Casascius is the most famous physical bitcoin in the market, it comes in several values: BTC1, 10, 25, 100 and even BTC1000. You can read it here: https://en.bitcoin.it/wiki/Casascius_physical_bitcoinsIt will be more valuable if you store the private key into a gold coin, well Casascius has did that with BTC100 and BTC1000 in gold plated bar. It's really expensive though. |
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Whether or not this is legit, and whether or not chinese whales are doing whatever they are doing, one thing is for sure. Just because the Chinese government is anti-bitcoin as it has always been, doesn't mean that bitcoin players in China(whales) won't continue to operate.
We know that bitcoin miners from China have moved to other countries to established their new headquarters such as in Hongkong, Singapore, Ireland and Canada. They are not out of the game and more likely will never be as they have invested Millions of dollars to achieve what they have right now, it's too profitable to leave behind. I'm not sure about how LTC become the part of the resurrection of Chinese whales, maybe because it's cheaper than bitcoin or bitcoin cash and easier to transfer the funds, invest in LTC and then pump it. |
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Bitcoin supposes to reach $50,000 and even $100,000 by the end of the year, just one thing to be solved regards scale problem.
Bitcoin has to regain its utility appeal, not just being treat as a speculative object.
People want to use bitcoin as a way to transfer money all over the world easily and just pay low fees compared to other ways to do it such as remittance or wire transfer.
If lightning network really implemented, bitcoin price will recover to its ATH and reach a higher price, even may increase over $5000 in a single day.
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my first question is WHY?
there are so many exchanges out there already, what are you planning to offer that these dont have already?
Because we think lots of those existed exchanges have bad user experience, it makes our project has a slightly chance to beat them and we'd like to give a shot. Actually I think our biggest challenge is not technical but to convince people believe this is a reliable exchange and willing to come. As you metioned about get Bitcoin at one exchange and transfer to another exchange to trade, I guess because most big exchange would avoid exchange between various electronic currencies and legal tender to reduce legal risks. A good point, how to convince people? Just provide more information about the exchange, especially where is it located? Can people visit the headquarter if there is a problem? The most common problem for people who deal with exchanges is the ticket waiting to be replied for weeks or even for months. If you can convince people that Bitpaction exchange will never have the same issue, people may be attracted to try this exchange. Another thing to note is fees for deposit or withdraw, as the current network for bitcoin requires high fee to transfer bitcoin, you may want to set a flexible fee for withdrawing bitcoin. |
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This problem is the reason why we should check where the exchanges located (the address) and who is the owner? But, most exchanges do not provide this information, so how could we trust them? Just based on others experience, right? In this case, the problem regarding exchanges service going bad or even just gone offline such as CoinExchange will always occur and repeated. I prefer to use local exchange in my country as it's easier to access the site or even visit the headquarter and meet the owner.
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If you have a big capital, it will be easier to make a decent profit and vice versa.
Ripple ATH was around $3.3 a few weeks ago, assume it may recover to $3, yes it's a good time to buy ripple.
But, I'm not sure whether ripple can make it or people simply have dumped their ripple for good when it was above $3 as I did the same thing.
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It will be different in some countries which have regulated cryptocurrency and applied tax on capital gains such as the US.
But most countries do not regulate cryptocurrency yet, so people can cash out without any question regarding their income.
I have converted bitcoin into fiat currency a couple of time through a local exchange in my country and it works just fine.
But the government has tried to learn about cryptocurrency in order to regulate or ban it, this will be a disaster for bitcoiners.
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I thought next futures contract will be expired on January 26th, is it 29th?
Another discount day, I'm ready to deposit fiat currency and buy some more bitcoin and altcoins.
It's inevitable due to the current market condition which constantly on correction and bitcoin price seems in a bloodbath.
Even the price has started to decline at the moment, this trend will continue at least until February.
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In our Exchange, people can trade any crypto to crypto or crypto to any fiat by using Auctions. Each auction (or instrument) is a unique combination of:
- Country,
- Base cryptocurrency,
- Quote currency, and
- Payment method.
For example, {USA - BTC/USD - PayPal}
It's a good idea if I can buy and sell cryptocurrency from someone on the other side of the world, PayPal will make it happen. But, one thing to be noted, p2p exchange have to act as intermediary or escrow for every transaction. - Do you need such P2P Exchange?
- Do you want to participate (as a team member or advisor)?
- Do you want to invest before pre-ICO?
- Would you invest in pre-ICO (if happen)?
Thanks!
- Yes, it's a good idea for such p2p exchange - No, it's not my capability to become team member it advisor - if you can provide more information about it, maybe I will invest in ICO |
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is taxes regulation regarding capital gains on cryptocurrency trading has legitimated in South Korea? All I've read about the plan to regulate it, but not implemented yet. I'm not sure how the regulations about taxes in South Korea, but how if it wasn't regulated when bitcoin users trade cryptocurrency? Whether banks want to collect information about customers transactions history to check if someone trying to do something illegal such as avoid taxes or money laundering due to there are many cases of anonymous traders or they will be taxed for capital gains.
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No. I’ll explain since you are ignorant. There are certain coins that only trade in the doge/ltc market. Money put into those coins are frozen. Which coins that you have in cryptopia which has frozen? Have you contacted their support? Ahh yes, they have bad support as well, even maybe never reply to those new tickets which grow over time as too many problems occur these days on the trading platform, they simply can't deal with too many new customers. Cryptocurrency world attracts more adopters and exchanges is the first place to be involved in this market. |
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Because blockchain.info's wallet is so buggy and I dunno if dev still working to fix this things on their side. And use your eth private keys to login in myetherwallet.com so you can send eth or any erc20 based tokens in mew.
Indeed, there are some problems regarding blockchain.info wallet recently. Better not to use this wallet, there are some other wallets that better and offer more features than blockchain.info. If you want to keep bitcoin, use electrum or Ledger Nano S. And for eth, myetherwallet working so good. |
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.. so I've been watching and reading about btc technical analysis almost daily now, and I'm kind of sick of being in this current triangle. I've only been in btc since September so I really don't have that much history, but for those who have been in btc much longer - how much longer do you think it will take before btc goes back on the upward trend again? It just seems like a really long sideways movement.
On Dec 17th, it reached its high of $20k, and it has taken almost a month and we're still below those numbers. What is your estimate for when we can be above $20k again and onward to what people predict for this year ($50k-$100k)? Another month? March?
I know nobody knows for sure, but just looking to hear about what people's gut feel is (and only from those who have btc experience over a year please).
Thanks.
Officially sick? LoL If you have been watching and reading many bitcoin price prediction, stop it right now and decide whether you want to buy more bitcoin at current rate which is cheaper than $20K, or you want to hold it for long-term? You know that bitcoin will recover, just put faith in your heart about it. January is the time for most cryptocurrencies to fall down, it's a good time to buy bitcoin and altcoins. I assume bitcoin will recover to $20K in March or April, but to reach $50-$100K, it may takes longer, maybe in the end of the year. |
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This report doesn't even remotely surprise me. I have a lifetime of considering CASH in the same analogous way. Obviously we read about and have heard of crimes where fiat is used as the payment. Duhhhh! But the entire population here carries CASH not for illegal things, its for convenience and buying things without always having "Big Brother" knowing too much. How is BTC much different? All tools (BTC is a tool) can be used for good or evil. Stop blaming the tool!
Cash always be the most anonymous way to transact everything, even if you buy a burger on a roadside, then paying with cash, no one knows about it but just both parties who involved in the transaction. The same thing applied to criminal transactions, easy and instant transaction. Bitcoin isn't the best option at all, it's pseudonymous and every transaction recorded on blockchain, the hard thing is to make it liquid, people have to go through exchanges to do it which require id verification and you can't just withdraw so much many at once or financial authority will suspend your bank account. Moreover, there are some altcoins which is better than bitcoin that has higher fees compared than most altcoins, there is monero or zcash which is anonymous. |
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BTW, Genesis is „out of stock“ on everything.
So no way for new customers at the moment anyway.
Indeed, btc contract is not available for now as the contract based on hardware (ASICs) that they have or have purchased from Bitmain. The last batch of bitcoin contract sold out in November 2017, you can read here: https://twitter.com/GenesisMining/status/934102016149872640Genesis mining cannot offer new mining contracts until they have new ASICs which will be sent in March 2018. as far as I know, genesis mining is legit, I have asked some friends and they said it's profitable. But, too many hassles for customers like a bunch of tickets remains unsolved, missing payments, etc. Nevertheless, every investment has a risk, if you are ready to deal with it, go ahead to invest. |
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More Details Soon.
Need to understand does this generates any interest. Would this be welcomed in the crypto community?
Not looking for any ICO or investments. I plan to make this profitable as such
Yes, I think so, not for all people in the crypto community but at least for gamers who happened to enter the crypto world. It's interesting, what is the name of the game? May I ask some questions? - how far have you developed this game, like 80% - 90% ? or it's already completed and just need to integrate ethereum into the game? - as you mentioned about not interesting to ICO, how much money you are willing to put on this game? Players will be more excited about bigger prizes obviously. |
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