This should be yet another reminder to never store coins online for long term, and always use strong 2FA on your account and your email.
I'm afraid that there is nothing that will help making people aware of that. Even if the existing crypto coiners stop using exchanges as online wallets, the newbies who enter the market will replace them and make the same mistake. At the end of the day, the speculative side of crypto makes people less interested in self storage, especially when it comes to shitcoins. People rather use an exchange to store them than having to search for clients and do it themselves. I do however have to point out that there have been a few clients released in the last couple of months that allow people to conveniently store even the most trashy coins themselves. |
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I wonder who is the main one to blame for the price drop?
Everyone is in a way. I'm sure that even the most firm hodlers have unloaded a part of their total number of coins. I have sold some as well, and I'm happy that I did because I bought back more coins than I had before. The interesting thing about bull runs is that when you're going through one, you don't really see it as a bull run, but a continuation of growth, and that after every increase we go through. Yes, you can say that people were stupid to buy at $20k, but they are only stupid in hindsight. If the price went up to $30 or even $40k, which was possible if there were more fiat on-ramps, these buyers would be in the profits. There is no way to know where the party ends.... |
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If blockchain.com wanted to increase their user base they would have been one of the first to adopt Segwit as it means lower fees for all. They've had a long, long time to do it and there's no sign of it arriving.
They're not doing that and possibly never will because Roger Ver is at the wheel. This move is another bit of disingenuousness.
It's easy for them to not adopt SegWit right now with how the fees have been near their lowest ever point (lowest with all blocks nearly full) for a long period of time now. They will continue to not upgrade as long as this is the case. I want to see how they will react when the network gets clogged up and people slowly start to move away from blockchain, because that's exactly what will happen when legacy fees are expensive and SegWit fees super low. If they still don't upgrade with the fees shooting up sky high, then you can be sure that they never will, but that toxic attitude will very likely be their downfall with how saturated the wallet part of the industry is today.... |
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This pump is largely fueled by those who were short. I doubt this pump is going to hold. I hope it will, but I'm not going to put faith in a minor up movement after all the decreases we have gone through.
Litecoin is going nuts right now with still 6 months to go before its block rewards get cut in half. If this continues, it could positively affect the overall market, but it's too soon to already be sure of that right now.
The thing with crypto is that a 10% dump means noobs turn ultra bears, and a 10% pump means noobs turn ultra bulls. People here are just as volatile as the Bitcoin price itself is....
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As someone who stepped into this sector in 2014, I would like to start by noting that I have not used Poloniex once. Especially in 2015 I saw so many complaints about Poloniex that keeping my money here was always a scary activity for me.
Poloniex was the main exchange to trade altcoins till they messed up and Bittrex took over their spot. Funny thing is that Bittrex then became the biggest exchange for a while, and lost its status the exact way Poloniex did. I remember when Ethereum was up and coming with Poloniex generating 100K BTC volumes on a daily basis from that coin alone! The previous Poloniex owners made insane profits, plus sold the exchange itself for $400 million. Binance is the exchange you want to deal with right now as newbie and veteran crypto trader. It's the first time that I have seen an altcoin exchange manage to maintain its position as top exchange for such a long period of time. |
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I don't know why other people do consider gambling as a way of investment?
Because they are lazy and ignorant fools. There are people who legit believe that there are certain methods you can utilize to continue winning, regardless of what type of gambling it concerns, which is beyond insane. Every method works till it doesn't. Luck can make you win 10 bets/rolls/sports games in a row, but also make you lose in a similar way. It really seems that people want to do everything to avoid thinking about working for their money.... |
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I wonder if Bunq is a bank on its own, or one that utilizes the services provided by an actual bank. In case of the latter, you're basically dealing with a massive risk factor because you don't know how the underlying bank responds to crypto payments.
It seems that Bunq offers quite a few features that go against the core business model of banks in general. It's pretty disruptive if you ask me. I'll dive into it in the weekend, sounds like a decent alternative.
I think that OP tries to figure out if there are any problems moving wire transfers back and forth between Bunq and crypto exchanges. I'm curious myself now too.
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Normally I wouldn't, but the interesting thing about this one is its supposed pedigree yet it's the same old shite.
I don't think it will ever change. Even if Bitcoin or blockchain in general does everything right, and energy consumption is no longer a problem, there will still be enough nutters thinking that there is something wrong with it. Gold bugs fit in that category as well. Peter Schiff has been trashing Bitcoin ever since it was hovering around the $100 mark. He knows that Bitcoin is superior in most aspects, but doesn't want to admit it, ever. I'm sure that he will rather swallow a lump of gold and choke on it than to speak out about Bitcoin in a positive manner. At least, gold has some momentum behind it while he's using Bitcoin's bear market to fuel his anti Bitcoin narrative. |
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People right now seem to be overly bearish, and we'll see if it pays off to long their bearish sentiment. I am currently long.
Did you open a position today or are you long just as in being long term bullish? If you opened a position today, it paid off well with a near 10% spike. Overall, I have been saying for a while now that it's better to do the opposite of what the rest of the market is doing, and people seem to acknowledge that, but still aren't confident enough to actually put it in action. we probably won't
1.800$ is too low a low and I am sure people will start buying if the price is going lower than 2500$
I know for sure I would and so do many of the traders/hodlers I know
I'm sure that some people will grab themselves some coins at these levels, but the thing is that once the price turns out to reach certain lower levels, people suddenly no longer buy.... |
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Even with the 2 and 5 year contracts that they have currently, I doubt that they will be profitable at all.
You need a massive bull run similar to the one we've gone through in 2017 to have these contracts pay out decently, and then still, the few months that you manage to scoop up these payouts won't be enough to break even. I'm sure that people are more likely going to reinvest their payouts rather than withdrawing them. By doing that you basically give back the service all the money it paid out to you, which is the worst thing you can do. They want you to reinvest because they know it means that you have to start earning money from scratch again. It's such an obvious trap, yet people continue to fall for it, and that even after years of people warning them.... |
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BNB's performance is actually highly affected by Binance's (exchange) performance. With every good update (such as the recent Binance's acquisition of Trust Wallet) provided by Binance, BNB shows some positivity in value. Moreover, Binance just keeps adding more & more new advantages (for traders) for holding/buying BNB. In simple words, if you're a believer of Binance (and especially the upcoming Binance DEX), you should get some BNB.
The future's Binance decentralized exchange (Binance DEX) will be highly dependent upon Binance Chain (blockchain of BNB coin), and even yesterday, when CZ in an AMA session at Twitter announced that the DEX is now near to completion (and the testnet of BNB coin will be made public soon), the BNB token pumped almost 5% immediately.
I like it. It's almost like an STO which follows the performance of the underlying business, and offers some benefits too. I do however have to point out that it still continues to follow Bitcoin closely. If it wasn't for BTT and TRX pumping hard and using Binance as platform, the price would be a notch or two lower right now. It would be a good start for once to see it go its own path, but I doubt it at this point. It could be that the decentralized exchange will be that push, but there is a lot needed to get people to use it, even for an entity like Binance. I only see it take off if they reward users.... |
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Heck, even Bitfinex got hacked in the past; and yes, even giants like Coinbase and Binance aren't vulnerable to hacks, even though they might be more secure compared to the smaller exchanges.
These exchanges have their reputation at stake, and for that reason I highly doubt that they will admit being hacked. The fact that you highlight these exchanges once again shows that people value them above anything else. It definitely wouldn't surprise me if turns out that Coinbase or Binance have been hacked in the past. They hold so many coins (coins that people don't withdraw), that no one will even notice something. They generate enough profits to fill up the gaps at a later point. Coinbase holds over 800k BTC on behalf of their users, Binance at least 250k BTC. With these amounts you can imagine that no one will miss 5-10k BTC in case of a hack. |
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The is the longest bear market that I've experienced so far after that short amount of time during the bull run.
It may look short to you, but prior to the mania that started in 2017, we had around two years worth of gradual increases. It wouldn't surprise me if we see a similar trend, but then to the downside. If we're still dealing with the same repetitive cycles, then we should bottom out this year (if we haven't bottomed out already). Looking at the charts and the general sentiment, it's not really a surprise that most people are bearish. If the mass at this point is still functioning as counter indicator, we should be up for a bounce up this or next month, but there are just as many reasons to expect the price to fall down even more. It's a 50/50 shot in my opinion. |
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I at the end of the year thought: if in January BAKKT is postponed, then we will see another disastrous year
It was bound to be delayed with how the government shutdown is affecting their functioning. If ICE doesn't manage to get Bakkt approved within 6 months, then you can be sure that it won't ever be approved in its current state. The price itself can also play a role in this with how the CFTC might consider this industry to be an unhealthy environment to operate in, especially if the price keeps going down in the coming months. Let's be honest here, the price going down for such a long period of time isn't a sign of strength. If the 200WMA breaks, you should expect this bear cycle to be different from all the bear cycles we went through in previous years. |
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If i were these weak-handed people, i would rather not go on the news but look the chart to see the difference of pump and dump. They will figure it out soon once they know that there is a manipulation.
People don't consider themselves weak handed, and I'm pretty sure that they don't understand what the charts indicate other than the price itself either. They are easy targets for news outlets, because they click on anything. People's problem here is that they overestimate themselves, and underestimate the market. If the price isn't going up, they claim that the market is being manipulated by institutions and whatnot. I have been trying to figure out what the manipulation is that people refer to, but haven't seen anything actually indicating that. Most of the massive dumps aren't whale dumps, but stop losses triggering each other.... |
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I am not getting charged any fees for using my debit card, which includes internet banking. I would however get charged for utilizing the credit side of it, which is purely optional, but I don't use it so it doesn't cost me anything.
I feel bad for people who do use credit, because the interest rate of the debt is 1.5% for the first month, then becomes a whopping ~20% on a monthly basis. It's pure extortion, but then again, no one forces you to use it.
Withdrawing credit from an ATM comes at a basic €5 fee. I guess that the reason for the debit card itself to not cost anything is that they hope you borrow money and this will be their income from there.
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An exchange can't simple steal or lose 200 millions dollars because a CEO died. There must be security measures such as the ones you saw in your job. There will be some obligations regarding how privatekeys of someone else's money will be kept. It's somehow sad to think that those measures are necessary.
With time and stricter regulations concerning exchanges it will be something of the past. Everything that happens right now will be used by regulators to understand how badly things can go wrong in the crypto world. We need these events (regardless of how bad they are) to happen in order to improve, and let's be honest, it's better that they happen today rather than somewhere in 2025 with very likely way higher amounts of user funds at stake. I wish there was a way to make these mistakes without losing money, but that option isn't available. Only when money is lost, people, services and regulators are motivated enough to make sure it doesn't happen again. |
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Why ? Whhhyy would it make the same thing again? What makes it sooo sure that it will happen again. I can't really believe people who keep on thinking bitcoin did something once and it will do it again, why don't you guys understand just because something happened once it will happen again.
Why would it pass that golden cross again, maybe it wont ? I mean I understand its bitcoin and price will probably go up one day or another and even if it takes 20 years bitcoin will go up again but why does it have to be according to the chart ? Have you ever looked at all the charts that were shared here all this time ?
Almost ALL of them were wrong and none of them found the perfect time to get into bitcoin, there has been a lot of charts that said THIS is the time to join and all failed. I don't doubt bitcoin will increase once again but it has nothing to do with 2014-2015 and it has nothing to do with charts as well.
It's called hindsight analysis. If things were so obvious, why didn't any of these so called TA cowboys pointed out the importance of the corrective cross? They probably didn't because they might have thought it would pump.... The thing with traders is that you cant blame them even if they guess wrong, because it's a probability based trade that they either win or lose, and that's always what they point to when they guess wrong. People have been quite bearish already, so they expect lower prices even without an indication or understanding of TA. If we do head lower, TA cowboys and those blindly guessing that the price will go down are right. We'll see. |
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It's hard to say but $6,000 could've been the bottom if it wasn't for Kobyashi dumping the GOX coins on the open market as opposed to doing it OTC through Kraken and the hash wars.
If that was the case, the market would have rebounded in a more convincing manner, but it didn't. It was likely too tempting for whales to open massive shorts, trigger stops below $6000 and count profits. $6000 was hyped up badly, where people, even a number of legendary members here believed that $6000 was the bottom because of how miners need that level to not lose money. In other words, a break-even point. We have clearly seen that the hashrate dropped and the difficulty as result of that as well. I am sure that at $6000 large farms were still 50% in profits. It was the media that hyped it up.... |
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Bitcoin has been linked to illicit activies and cyber crimes for many years, you would think that they would have a big impact on the market and especially bitcoin, but nothing has happened.
It doesn't have a big impact because it's simply not true. I mean, sure, there definitely is criminal demand for Bitcoin, but it's by far not as bad as news outlets want you to believe it is. They are only out to make Bitcoin look bad, or to spice up their articles to have them generate more revenue through ads. It's a business at the end of the day, and they will do everything they can to make money. With how widely Bitcoin is accepted and adopted, it's the easiest way for them to at least try to collect funds. How many people will donate if you accept Monero? Not many I guess.... |
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