In my opinion, mostly coins that had dipped big enough to at least 20% after the dip. If your you purpose to gain big enough then this would be a good strategy. Of course, you still need to evaluate the coin before buying.
Altcoin movements tend to be much bigger than bitcoin moves - so a 20% dip is nothing, they can and do fall 50%, 80%. Before you make any buys, look at the charts and look at previous lows and previous movements. Sometimes there is a support after it dips 50%, but rarely at 20%. If that is the case for the coin you are looking at, WAIT till it gets to your desired buy price. |
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Need more details on this. How are they getting money out without exchanges? How do you know that they are whales and what's this about LTC?
I want to know the answer to this too - are they using local bitcoin? Or are they making trips abroad to buy their bitcoin? |
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Ripple has made some interesting deals for their technology to be used by businesses such as Moneygram.
What happens next depends of whether those deals are successful and they can expand them and get other financial businesses on board.
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Again, I'm been asking the same question, why are you guys like somewhat attach to $20K price? Can't you have just a little bit of patience to just wait? We are going to $20K, but it will take a little time to get there. I guess you really bought bitcoin during its peak at $19K, right? Then you can't do anything but have some patience. Short term we may be plunging to $10K or below, but long term, bitcoin can get to $20K-$50K.
People who bought near the $20k price are attached to that price level - it represents profit to them. Don't forget lots of noobs entered crypto in November and December 2017, which means they bought in the $10,000 - $20,000 range. |
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It won't transfer back to bitcoin. Alts are going to go from strength to strength. Partly because some are innovative. Parly because alts are volatile so offer trading opportunities.
Lots of exchanges even allow you to trade some alts directly for fiat, bypassing bitcoin.
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The biggest mistake is not doing proper risk management. Don't go all in! If the market goes against you, it wipes you out.
Only stake about a tenth of your stash - because you are not staking everything, you can wait for the trade to pan out without panicking.
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whos need this forks ?
only btccash is good others is just for speculations
These forks are happening because people like free money. Usually what happens is that an exchange announces it is supporting the new forked coin. This prompts people to send their bitcoins to the exchange to qualify for the airdrop. The exchange then has a full bitcoin wallet (which is what they are really after). |
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Really I don't understand you people , are you freaking stupid of what ? I don't understand how you put money into a coin that is dead long time ago , the project was barred and the devs run away , when I see a 300% price grow in just 24 hours I just ask a question , did you make research before buying or you're just stupid enough to do such a shity cheap coin buy? What the fuck? Open your damn eyes !!! And don't comeback crying like a baby saying I was scammed and lost my money!
As long as it is listed on an exchange it isn't dead. It's just waiting for someone to pump it... |
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Short term speaking I wouldn't see bitcoin go down under $10k. We have already tested the support two times and both times, we came close to crashing under the $10k figure but on both occasions stopped just short of it.
So what we can conclude from last week's crash and this recent correction is that $10k is the main support right now, and based on that support we can slowly recovery to the price levels that we saw late last year.
It's tested the $10k mark again today. The Bitcoin price is correlated with the Google Trends graph for searches about bitcoin. And as you can see: https://trends.google.com/trends/explore?q=bitcoininterest is heading down to what we saw back in November, so it's not surprising that the price is at November levels too. |
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I don't think I want my investments to be at the mercy of some dictator making laws in Korea. Next week it might be a different story from some other country that decides to ban Bitcoin.
They're not "dictators". They are elected representatives and just want to make sure there arn't any scams unfolding. Here are the official South Korean Government Guidelines for Cryptocurrency by the Finance Committee: (hat tip reddit) 1 - There will be no exchange ban. 2 - Exchanges will be diligently regulated. Already an exchange was found to have mixed up customer's accounts with the exchange's business account and the CEO's personal account. 3 - Government will make sure all exchanges pay correct taxes. 4 - Individual taxes will be researched. 5 - Everyone can only invest with real identification. No foreigners and the underage will be allowed to trade/invest. 6 - Deposit or withdrawals of more than Daily $10,000, Weekly $20,000 will automatically reported. If it seems like there is suspicious activity, you might be asked how you earned that money during the deposit, or what trades you did to earn that amount. 7 - These guidelines are not to encourage investing in cryptocurrency but to warn the public in the dangers of speculation. 8 - Government also admitted that there is no difference between blockchain technology and cryptocurrency |
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It's sitting at $10,063 at the moment. I think it might try to go beneath $10k, but there are lots of buys around $9000 which should bump the price back up.
I think $8000 is definitely the base line.
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Bloomberg thinks there will be another 50 bitcoin forks this year: https://www.bloomberg.com/news/articles/2018-01-23/bitcoin-may-split-50-times-in-2018-as-forking-craze-acceleratesSome 19 Bitcoin forks came out last year -- but up to 50 more could happen this year, according to Lex Sokolin, global director of fintech strategy at Autonomous Research. Ultimately, the number could run even higher now that Forkgen, a site enabling anyone with rudimentary programming skills to launch a clone, is in operation. In a Jan. 14 tweet, hedge fund manager Ari Paul predicted more than 10 percent of the current value of Bitcoin and Bitcoin Cash will reside in new offshoots. |
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You know something is happening when Goldman Sachs weighs in with a bubble warning! - this time for Ethereum: https://www.fnlondon.com/articles/goldman-issues-warning-on-bitcoin-and-an-even-bigger-one-on-ethereum-20180123Goldman is not the first analyst to deem crypto the biggest bubble in history, and it sees ether as a potentially larger one than even bitcoin. When Ether’s price move is compared against stocks, tulips, and bitcoin, the scale of the other rises essentially disappears in comparison, a fact Goldman called “astonishing”.
“While we do not know if bitcoin or any other cryptocurrency will double or triple from prevailing prices, we do not believe that these cryptocurrencies will retain their value in the long run in their current incarnation,” it wrote to clients. |
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http://www.independent.co.uk/news/business/news/bitflyer-bitcoin-exchange-worlds-largest-cryptocurrency-launch-europe-when-date-approval-a8173536.htmlBitFlyer, the world's largest bitcoin exchange, has been given the green light for a European launch.
The Tokyo-based firm has been awarded a payment institution (PI) licence for the European Union, building on its regulatory approval in the US and Japan.
BitFlyer handles about a quarter of the globe's bitcoin exchange volumes, with more than $250bn (£180bn) worth of bitcoin being traded on its platform last year.
Yuzo Kano, founder and chief executive of bitFlyer, said: “When I set up bitFlyer in 2014, I did so with global ambitions and the belief that approved regulatory status is fundamental to the long-term future of bitcoin and the virtual currency industry.
“I am proud that we are now the most compliant virtual currency exchange in the world; this coveted regulatory status gives our customers, our company and the virtual currency industry as a whole a very positive future outlook.”
BitFlyer is the only exchange licensed in Europe, and can give traders access to the globe's biggest bitcoin trading market in Japan.
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from my point of view I think people are scared and withdrawing as much as they can before btc goes down more
I don't think this is right - if more and more people were withdrawing their coins, the mempool would be full. But the mempool is clearing which means LESS transactions are being made (less people sending coins from their wallets to the exchanges). |
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Doge, but only when priced under 20 satoshis (that is doge's support line, and it tends to pump up from that poiint to at least 70 satoshis).
At present doge is overvalued, but should start to drop back down again.
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Microsoft has stopped accepting bitcoin, maybe some big companies like facebook and twitter will receive bitcoin as a means of transactions
The mempool is clearing - see the following: https://dedi.jochen-hoenicke.de/queue/#24hFees will become normal - it remains to be seen whether merchants will start accepting bitcoin again, but at least the fooror stories about fees will cease. |
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I am even wondering if this is even legal to begin with, no entity has the right to forbid anyone even if it’s their employees what to invest and what not to invest in. If the Banks have made their policy clear they can’t force its worriers on what to do.
I'm not sure it is legal either - Sweden hasn't banned bitcoin and individuals should be able to do whatever they like with their own money. |
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The thing is, the Bitcoin mempool is clearing. It now appears that it was caused by one or more exchanges not batching their transactions when sending. Whoever they are, they appear to have started to do this around January 20th - and the mempool has been dropping ever since,
If the mempool clears and bitcoin fees drop down to low/bearable, bitcoin has a future.
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I don't think it's anything to do with bitcoin futures.
I think what happened is that a lot of people who bought when bitcoin was about $500 or less had a $10,000 target.
When Bitcoin went completely mad in December 2017 and went up in a vertical line to nearly $20,000, these people sent coins to the exchanges and sold. And the combined weight of their selling pushed it back to about $10,000.
$10,000 is actually a good price. $20,000 was too much given Bitcoin's scaling issues which it needs to solve before it can make another push upwards.
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