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1841  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XRP] Ripple Speculation on: January 26, 2018, 11:36:25 AM
Interesting video on Bloomberg about Ripple and the banks:

https://www.bloomberg.com/news/videos/2018-01-25/why-banks-don-t-want-ripple-s-80-bln-of-digital-money-video

The banks Bloomberg spoke to said that while they were interested in Ripple's payment processor, they arn't interested in XRP.

(The video is about 7 minutes long).
1842  Economy / Speculation / Re: BTC tested 10K Support. and got bounced . on: January 26, 2018, 11:32:04 AM
It's testing the $10k level again... I think some people are selling in anticipation of the CME futures close, even though those futures are cash settled and don't affect the underlying market.

Sometimes I think traders just manufacture "news" to have a reason to sell. We're going to see CME FUD every quarter (now that China FUD is dying down).
1843  Bitcoin / Bitcoin Discussion / Re: Bitcoin for Survivalists on: January 26, 2018, 02:40:51 AM
The only person I have ever met who invested in physical gold (coins) on an ongoing basis was a survivalist who basically kept them under his bed with the aim of bartering them when the system broke down.

It is possible to invest in gold funds etc., but many people like to physically possess it.

Could Bitcoin overtake gold on this basis i.e. an asset you alone control without having to keep it under your bed?

The answer is No.

The amount of places you can spend bitcoin shrinks by the week, because of scaling issues, so it's worse than gold.

However, there is a chance that an alt might take the place of bitcoin and be the substitute for gold.

For example, this week Stripe (payment processors) announced that they were dropping bitcoin because it was unusable. But at the same time they announced they were thinking of enabling LTC, BCH, ETH and stellar lumens in bitcoin's place. The more people that do this the more likely it will be that bitcoin gets taken over by an alt.
1844  Alternate cryptocurrencies / Speculation (Altcoins) / Re: People paying $1200 for 1 Ethereum are crazy... You only get rich buying CHEAP on: January 26, 2018, 12:46:58 AM
So I made x30 with Verge and Tron. Also made x20 with some other coins. I like to buy cheap and sell for a great price and I made a little fortune in only a few months.

Now I look at ETH. Its very high. Why people would buy it now? Before you ever make a dollar all the people that bought ETH for $5, $10 or even $0.25 will cash out their thousands of ETH. Its a classic pyramid scheme.



It depends entirely on your time scame. Sure Verge and Tron might have made you profits - IF you cashed out.

But ultimately it is about sustainable percentage profits. Long term ETH has potential. Verge and Tron not so much (if you are still holding these last two you are a candidate to be a bagholder).
1845  Economy / Trading Discussion / Re: Leave full time office job to trade crypto? on: January 26, 2018, 12:32:29 AM
Trading is a risky craft, but with enough experience and capital, you can potentially earn more than just a living, it could make you rich.. I would prefer long term investing while working though.. It's a lot safer..
Yes.I believe so.I also left my job a couple of year ago and now i am living with so much fun and excitement.Excited because a lot of opportunities are always surprising me every now and then.These things do not come in my life when i was still employed.Trading really made my day complete.The profit it gave me was so much incomparable when compared to any of my activities who's giving me a source of income from the day i dropped my job.
Thank you for your encouragement. I find myself at the same job, doing the same ol’ same ol’, for an extended period, so i think my working time is long enough. This time i feeling really free and comfortable, doing any thing i like, and sometime i tried many things that i have never done before: wrote a short review article about a potential currency, managed a small Tele and FB group, all about crypto. Yes, "These things do not come in my life when i was still employed" Grin Maybe, if BTC can rise to 1m $ in 2020 like McAfee said, i'll go to travel and write a blog.
Some time, we need try to jump out of our safe zone  Cheesy

Okay... Don't go by what McAree said, he's a nutjob and a scammer, based on the stuff he has been promoting.

It is possible to make a living out of crypto, but you a) need a certain amount of savings in the bank so that you don't make trades out of fear and b) need to understand that bitcoin might not make it, the winner might be another coin, and you must not be ideologically attached to any coin in order to make a profit. As soon as you are a "true believer" as though you have found religion, you are vulnerable to being fleeced and impoverished.
1846  Economy / Speculation / Re: stupid people sell at 11160, but they do not know what to expect in 3 hours on: January 25, 2018, 11:40:25 PM
stupid people sell now, but they do not know what to expect in the next 3 hours
just watch next hours.

dont sell at 11160 usd. you wil lose a lot!

from 23:00 H is important hour EU Time

Gone 23:00 EU now & fuck all is happening bruh!

Some people don't understand that bitcoin is way past the point where a small group of people can pump it. It would take millions of dollars, LOL.
1847  Other / Meta / Re: how you guys think about MERIT ? on: January 25, 2018, 11:36:26 PM
but how does merit work?

If someone does an interesting post or provides information that you haven't seen before, which you find useful, just click the "merit" button on the top right hand corner of the post to give them merit.
1848  Bitcoin / Bitcoin Discussion / Re: Is it even possible to regulate bitcoins? on: January 25, 2018, 09:55:25 PM
governments are not able to provide directly regulations into btc but they do it on exchanges where you trade the btc and other alts in my opinion and whenever you cash out you pay taxes as well.

This.

The only way to evade this is if we could spend bitcoin directly without using exchanges. Sadly we have been going backwards on this with Steam, Stripe, Microsoft and Dell all removing the option to pay with bitcoin. That means that to spend you need the exchanges to convert to fiat. And fiat can be regulated.
1849  Bitcoin / Bitcoin Discussion / Re: Opinion by SEC and CFTC chairs on Bitcoin Regulation on: January 25, 2018, 09:25:35 PM
Regulation seems to be a gift and a curse.


If market participants self-regulate and stay away from shady behaviour there won't be anything for the SEC to get a hold of.

The problem is that so many participants can only see $$$s and don't think about consequences.
1850  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: January 25, 2018, 03:43:51 PM
Friedman LLP no longer lists bitfinex as a client:

https://www.reddit.com/r/BitcoinMarkets/comments/7smm8r/friedman_llp_website_no_longer_lists_bitfinex_as/

>Looks like they've removed the mention of auditing Bitfinex from their website sometime between December and now.

I think we can conclude that the audit will not happen.

I recommend reading the thread linked to above for more info.
1851  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you trust XLM stellar lumens? on: January 25, 2018, 03:39:21 PM
It looks like Stellar might be included in the Stripe wallet:

https://www.cnbc.com/2018/01/24/stellar-jumps-20-percent-after-stripe-says-it-may-add-support-for-the-digital-coin.html

Stripe remember has disabled Bitcoin because it has become unusuable - but they are looking for alternatives, and stellar is one of them.
1852  Alternate cryptocurrencies / Speculation (Altcoins) / Re: If Amazon were to announce Bitcoin support on Feb 2nd.... on: January 25, 2018, 03:34:56 PM
If Amazon were to announce Bitcoin support on Feb 2nd which currencies would you think would be best to be holding?

They won't do it. They might promote their own coin though:

https://futurism.com/could-amazon-be-launching-its-own-cryptocurrency/

Quote
Domain Name Wire (DNW) reports that three domains were registered this week that are related to blockchain technology and cryptocurrencies: amazoncryptocurrencies.com, amazoncryptocurrency.com and amazonethereum.com. Initially, one may think the retailer is preparing to reveal something related to Ethereum and Ether tokens, or that it’s about to launch its own crytocurrency.

They've either bought these domains so no-one else can squat on them. Or they are going to launch their own cryptocurrency.
1853  Alternate cryptocurrencies / Altcoin Discussion / Re: Stellar coin the reason why Stripe is dumping Bitcoin ? on: January 25, 2018, 03:20:43 PM
This is actually big news.

It means that Stripe is not ditching cryptocurrency - instead they are picking a more efficient coin.

A bit more on it in the following article:

https://www.newsbtc.com/2018/01/25/online-payments-company-stripe-drops-bitcoin-eyes-stellar-omisego/

Quote
The online payments processor will need an alternative cryptocurrency to facilitate payments and it is already looking at Stellar Lumens and OmiseGO. Karlo went on to state;

    “OmiseGO is an ambitious and clever proposal; more broadly, Ethereum continues to spawn many high-potential projects. We may add support for Stellar (to which we provided seed funding) if substantive use continues to grow.”

The blog post mentioned a few other altcoins such as Litecoin, Bitcoin Cash, and ‘other Bitcoin variants’.

It looks like they'll enable several cryptocurrencies and let users choose which one they want to use.
1854  Alternate cryptocurrencies / Altcoin Discussion / Re: is litecoin as an investment done? on: January 25, 2018, 03:07:52 PM
Litecoin is starting to get negative press - so much so that the press is writing about it:

https://cryptovest.com/news/litecoin-getting-hate-5-biggest-criticisms-against-ltc/

Quote
Litecoin Getting Hate: 5 Biggest Criticisms Against LTC

Litecoin has had a quite good public image in 2017, adding to the phenomenal rise from around $4 to a peak of $370. However, as the digital asset came into the spotlight, and the Litecoin Foundation tentatively started to promote Litecoin more, criticisms appeared. Popularity came with closer scrutiny, and a previously drama-free coin acquired its own negative points.

1. Litecoin was artificially inflated

2. Litecoin is not actually used that much

3. The Lightning Network is still missing

4. Charlie Lee has abandoned the project

5. Litecoin is boring, but not boring enough
1855  Bitcoin / Bitcoin Discussion / Re: Impact of Weiss C+ and Kryptous C- Ratings on: January 25, 2018, 02:31:24 PM
Anyone think the C+ Weiss Rating and Kryptous C-  Rating will hurt BTC short term?

The rating by Kryptous of a C- uses 10 factors. They explain all the things BTC has right and all the negatives.

The Weiss rating has only 4 Dynamics.

Some strong A's but lots of D's.

Pretty elaborate 10 factor system.
50 Max score BTC got 27 points for a C- or almost C Rating.

https://kryptous.com/btc-bitcoin-rating-by-kryptous/



I don't think this stuff is going to have any impact at all. Ratings are used in mainstream finance as a way of covering people's backsides (they can say, "it's not my fault that our pension fund invested, we followed the ratings").

But pension funds and institutions are not the main investors in bitcoin, it's dominated instead by private individuals, most of whom know loads more about cryptocurrency than these ratings agencies.
1856  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Steemit.com: Blogging is the new Mining on: January 25, 2018, 02:00:23 PM
Steem got a "B-" in the new Weiss ratings. See

https://news.bitcoin.com/new-weiss-ratings-for-cryptocurrencies-award-no-as-and-score-bitcoin-a-c/

Quote
According to Weiss Ratings, bitcoin scores a C+ (“fair”) while ethereum earns a B (“good”), and steem a B-. That’s right: steem scores higher than bitcoin. No cryptocurrency earns the highest possible rating of an A. In a report issued today, the company explained: “A grade of A or B can also be interpreted as the investment rating equivalent of  “buy.” At the same time, investors should not be overly alarmed by a C rating.” Electing not to invoke crypto’s most famous meme, they continued: “It is a passing grade, and for investors, implies the equivalent of ‘hold.'” Grades of D and E, are the equivalent of a sell, with the release citing crypto minnows Novacoin and Salus as examples of a D.
1857  Bitcoin / Bitcoin Discussion / Opinion by SEC and CFTC chairs on Bitcoin Regulation on: January 25, 2018, 01:45:03 PM
They've written an article in the Wall Street Journal:

https://www.wsj.com/articles/regulators-are-looking-at-cryptocurrency-1516836363

Quote
Distributed ledger technology, or DLT, is the advancement that underpins an array of new financial products, including cryptocurrencies and digital payment services. Many have identified DLT as the next great driver of economic efficiency. Some have even compared it to productivity-driving innovations such as the steam engine and personal computer.

Our task, as market regulators, is to set and enforce rules that foster innovation while promoting market integrity and confidence. In recent months we have seen a wide range of market participants, including retail investors, seeking to invest in DLT initiatives, including through cryptocurrencies and so-called ICOs, initial coin offerings. Experience tells us that while some market participants may make fortunes, the risks to all investors are high. Caution is merited.

For perspective, look to the 1990s. Countless companies chased the dot-com promise, yet only a fraction survived. Fewer still provided their investors with life-changing returns.

This is not a statement against investments in innovation. The willingness to pursue the commercialization of innovation is one of America’s great strengths. Together Americans embrace new technology and contribute resources to developing it. Through great human effort and competition, strong companies emerge. Some of the dot-com survivors are the among the world’s leading companies today. This longstanding, uniquely American characteristic is the envy of the world. Our regulatory efforts should embrace it.

History also has proved that transparency, investor protection and market integrity are critical to ensuring that innovation continues. But today we are seeing substantial DLT-related market activity that shows little or no regard to our proven regulatory approach. This concerns us.

Earlier this month, the collective market capitalization of cryptocurrencies topped $700 billion. Direct participation by U.S. investors in cryptocurrencies is significant. The prices for these currencies are set by trading on “spot” platforms. Many of these platforms are based offshore—and none are registered with the Commodity Futures Trading Commission or the Securities and Exchange Commission.

Advocates and investors initially promoted cryptocurrencies as a payment-facilitation alternative to traditional currencies such as the dollar and the euro. But cryptocurrencies lack a fundamental characteristic of traditional currencies, namely sovereign backing. They also lack other hallmarks of traditional currencies, such as governance standards, accountability and oversight, and regular and reliable reporting of trading and related financial data. Significantly, cryptocurrencies are now being promoted, pursued and traded as investment assets, with their purported utility as an efficient medium of exchange being a distant secondary characteristic.

A key issue before market regulators is whether our historical approach to the regulation of currency transactions is appropriate for the cryptocurrency markets. Check-cashing and money-transmission services that operate in the U.S. are primarily regulated by states. Many of the internet-based cryptocurrency-trading platforms have registered as payment services and are not subject to direct oversight by the SEC or the CFTC. We would support policy efforts to revisit these frameworks and ensure they are effective and efficient for the digital era.

In some areas, federal authority to police cryptocurrencies is clear. The Bank Secrecy Act and its implementing regulations establish federal anti-money-laundering obligations that apply to most people engaged in the business of accepting and transmitting, selling or storing cryptocurrencies. In other areas, some say, federal authority is murkier. Some proponents of cryptocurrencies note that the jurisdiction of the CFTC and SEC over cryptocurrency transactions is limited and cite the absence of U.S. and other government market regulation as an investment attribute. Such claims should give prospective investors pause.

Recently, two of the largest CFTC-regulated exchanges listed bitcoin futures products. Although the exchanges are permitted to “self-certify” and commence trading futures products without CFTC approval, for bitcoin futures they spent significant time engaging with CFTC staff and agreed to implement risk-mitigation and oversight measures, including heightened margin requirements and a requirement that the exchanges have information-sharing agreements in place with underlying bitcoin trading platforms. As a result, the CFTC gained oversight over the U.S. bitcoin futures market and access to data that can facilitate the detection and pursuit of bad actors in underlying spot markets.

The SEC does not have direct oversight of transactions in currencies or commodities. Yet some products that are labeled cryptocurrencies have characteristics that make them securities. The offer, sale and trading of such products must be carried out in compliance with securities law. The SEC will vigorously pursue those who seek to evade the registration, disclosure and antifraud requirements of our securities laws. In addition, the SEC is monitoring the cryptocurrency-related activities of the market participants it regulates, including broker-dealers, investment advisers and trading platforms.

The SEC is devoting a significant portion of its resources to the ICO market. Through statements, reports and enforcement actions the SEC has made it clear that federal securities laws apply regardless of whether the offered security—a purposefully broad and flexible term—is labeled a “coin” or “utility token” rather than a stock, bond or investment contract. Market participants, including lawyers, trading venues and financial services firms, should be aware that we are disturbed by many examples of form being elevated over substance, with form-based arguments depriving investors of mandatory protections.

The CFTC and SEC, along with other federal and state regulators and criminal authorities, will continue to work together to bring transparency and integrity to these markets and, importantly, to deter and prosecute fraud and abuse. These markets are new, evolving and international. As such they require us to be nimble and forward-looking; coordinated with our state, federal and international colleagues; and engaged with important stakeholders, including Congress.

Distributed ledger technology may in fact be the next great disruptive and productivity-enhancing economic development. If history is any guide, DLT is likely to be followed by many more life-changing innovations. But we will not allow it or any other advancement to disrupt our commitment to fair and sound markets.

Mr. Clayton is chairman of the Securities and Exchange Commission. Mr. Giancarlo is chairman of the Commodity Futures Trading Commission.
1858  Alternate cryptocurrencies / Altcoin Discussion / Re: Weiss Ratings starts grading cryptocurrencies - What can we expect? on: January 25, 2018, 01:37:22 PM
Bitcoin C+ (meaning “fair”), Ethereum B (“good”), Novacoin (D), SaluS (D) and Steem (B-). None of the cryptocurrencies covered currently get a grade of A (“excellent”). Regarding Bitcoin, it is a fair assessment during these times. Lightning and Segwit are indeed showing some initial success but are not fully there yet.

They also gave Neo a B - and I'm absolutely amazed by that. It's a Chinese ICO, and China has banned ICOs, exchanges and cryptocurrencies. So where do they think the value comes from?
1859  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum at $1000 in Jan 2018? on: January 25, 2018, 01:33:06 PM
I'm planning to buy some ETH, will it hit $1000 in 2018?

Need your suggestions

Now it is easy to say this, but Ether price is quite driven by a few large actors. Normally it follows an upward patter, but there are frequent dips. Just catch one of those to avoid heavy losses.

Ethereum is also being driven by adoption. See the following article:

https://www.coindesk.com/canadian-research-body-pilots-ethereum-in-transparency-push/

Quote
The National Research Council of Canada (NRC), a government initiative, is trialing the ethereum blockchain for recording government contracts.

For the pilot, the NRC is using the Catena platform from blockchain startup Bitaccess for publishing information on government grants and contributions over the open-source blockchain.

The effort is part of a move to make the government's administration boost transparency, according to a press release. The NRC's Industrial Research Assistance Program is the first entity to test the technology, and is already releasing contributions information. The group will also assess how the government can apply blockchain technology in other areas.

The interesting thing about what they are doing is that they've decided to put it on the ethereum network instead of other networks...
1860  Economy / Speculation / Re: CME contracts expire and the BITCOIN price..? on: January 25, 2018, 01:19:41 PM
The expiry of these futures contracts won't have any effect at all. Because a) they are being settled in cash, not bitcoin. and b) for every person going short there is a person going long (the other party to the contract). So even if those going short try to manipulate the underlying market by selling bitcoins, their counterparties can try to manipulate the underlying market by BUYING bitcoins and they cancel each other out.
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