I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that
I suggest us all not to do that. It's always risky to go all in, specially when you don't know what you are doing, so stay put my friend. I think he's trolling. Bitcoin is probably going to range trade for a while. It won't hit the heady heights of $20,000 for a while (too many underlying problems and too much competition from ETH, LTC, BCH and others).
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OK, the bear party, FUD-mongering, and printing of all the garbage "TA" charts talking about $3000 is over.
Bitcoin has fully recovered, and although we may see one more weak attempt by bears (may not even break 10k lol), we are now heading to the moon.
I recently bought some BTC, and it's BTC's turn now to BOOM.
ALSO, Alt-season is over:
(1) Newbies contributed most to the alt-market (2) Newbies are no longer that "new" anymore, because they experienced a serious correction. (3) Newbies will now take profits, and are probably tired of alts, and so will go to Bitcoin, which didn't got down like 60% during the correction.
So it's time for BTC to soar.
Bear party has lasted long enough (2 years, then another month on top of that), and ACCORDING TO HISTORICAL CHARTS, we will see a sure but certain recovery.
Set some buy orders at around 9k-10k (although mostly close to 10k), because you don't want to miss out on this!
The last year hasn't been a bear year!!! It's been a bull year where bitcoin went from $1000 to $20,000. I don't think BTC will fall to $3000 or even $8000. It will hold above $10,000. But I think it will range trade for a while between $10,000 and $13,000 till some of the underlying problems with fees and transactions are solved.
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Today I was lucky to take advantage of a bump on Smartcash (on hitbtc). The price has dropped by 84%. the only thing is that i haven't invested a lot because of the fear, my mistake (I gained $ 15/20 anyway). I also put 30 smart on my trading account.
I regret not having bought more smartCash at the price of 0,08$, if i had invested those $ 40 that I wanted to put, now i would have $ 1150 (now is at 2.30$). patience, as soon as the deposits re-open the price will fall, do not buy smartcash at this price. Current BALANCE: 92.77$ Never look back at what "could have been". It's prudent not to overinvest in anything, because one bad trade can wipe you out. Risk management is as important as picking winners.
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Hi folks. Just sharing this interesting views of a poster on reddit: The cause of today's chaos is likely large hedge funds using expiring BTC futures contracts as safety nets to exploit the only sure-thing in this market: a large amount of new/overextended investors who are easily moved to panic sell during a flash-crash.
It is likely that such drop is clearly caused by manipulation indeed, I find this theory interesting. One can also notice that every year since 2015 there is always a drop in January and this may be also due to Chinese new year. This is also possible but I don't believe small holders will cause such drop, so the hedge funds theory is more likely. You can read more here > theory on the real cause of today's chaosRemember that with these futures contracts, if someone is going short, the other party to the contract is going long. Sure the shorters have an incentive to try to tank the underlying market in bitcoin. But their counterparties have an equal incentive to prevent the underlying market from dropping...
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These dips are good for two reasons
It allows people who haven't invested yet to invest
It brings awareness to the market, growing the potential investors
Absolutely true. Dips gives opportunities to investors to invest in bitcoin. Also it gives lesson to those who are doing panic selling which they are now regretting because prices of coins are now pumping. Especially institutional investors. Hedge funds in particular like investments that are not correlated with their other investments (the essense of hedging) and only bitcoin appears to be moving independently, other assets like stocks and bonds have become correlated.
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Not really. Bitconnect has been to know to be a ponzi scheme for quite some time now, and it didn't affect the crypto community or cryptocurrencies in general. Actually, the crypto community has been very vocal and very active about letting people know that Bitconnect was a ponzi scheme. Now this is only the beginning, there are still a lot more ponzi schemes and scamcoins in the market, it's a matter of time before they also get exposed.
Yes - and I don't think that many new people were invested in it. Most noobs start off at Coinbase where they offer only BTC, LTC and ETH. It was some greedy people on this forum that piled into bitconnect, but as they're a small number, it's just another crypto scam that doesn't affect teh big picture.
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Every new year's begining, all exchanges goes down, because of the big companies new schedules. This year blockchain exchanges went down very hard. We were excepting this but to be honest not like this hard.
Lots of stop losses got triggered, which caused a wave of selling, which triggered more stop losses. That is why the market went down so hard.
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https://www.cnbc.com/2018/01/18/old-hands-in-south-korea-bitcoin-market-unfazed-by-threats-of-ban.htmlThreats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent.
Although the cryptocurrency market lost about $200 billion this week, or a third of its value, these investors - known within the community as "hodlers" after a misspelled meme that went viral during Bitcoin's early days - are used to rollercoaster rides.
China's shutdown of local exchanges in September, for instance, caused a 50 percent drop in Bitcoin, but prices rebounded eight-fold to almost $20,000. Currently valued around $10,000, Bitcoin could be poised for a similar whirlwind this time around, some say.
"In case the government shuts down all local exchanges,investors can always go abroad and open an account there," said a South Korean student who declined to be named because of legal risks. "I can ask my friends who study abroad or travel there myself. It's not that big of a problem."
Cryptocurrency experts say the student probably has good reason to be relaxed. A ban could discourage new market entrants, but the anonymity of buyers and sellers and the ability to move digital assets anywhere in the world with a click makes it hard to impose restrictions on existing participants without a global consensus.
Places like Singapore and Hong Kong maintain light regulations, while neighboring Japan has encouraged a vast ecosystem of companies and investors around digital assets by pioneering a set of rules for the industry. Germany has said national restrictions may be useless.
According to industry experts, the first step to circumventing a ban is hiding IP addresses from authorities via virtual private networks (VPNs).
Traders can then continue business as usual. Decentralized exchanges, such as Shapeshift or Stellar Dex, do not require identification and can be accessed from anywhere.
Cryptocurrency wallets such as Exodus and Jaxx are linked to such exchanges, so trading and storing the assets can still be anonymous. Authorities in countries with strong legal protections may need a warrant to check computers or smartphones for proof of such activity
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i was trading on bittrex for a few years then early november my acount was disabled without warning all locked out cant take my coins out nor trade. they disabled my acount before posting the notice about legacy acounts. all i got from suport was 2 msg about getting verified and some crap then all i got was your account is under review bla bla even when i sent an other ticket from a unrelated issue seems support is locked out aswell internaly. so they are a scam for some people you could be next. here is proof of the shady pratices i found. as you can see in web archives here dated 18 octobre 2017 its a notice from bittrex from 2016 https://archive.fo/19xjq you can clearly see it states . Please check below to see what limit your account falls under. Unverified Accounts created before 08/01/17: 0.025 BTC (or equivalent) per day. so legacy accounts had no reason to think they would be locked out of funds . here is the updated notice from 30 nov 2017 after most people having problems accounts were locked out https://archive.fo/VXjZm here is states lease check below to see what limit your account falls under. New/Unverified Accounts: Unverified accounts have a 0 BTC withdrawal limit. as you can see they again updated an old msg from 2016 like if they posted this over a year ago . me like many others did not think an old over 1 year old notice was worth reading because we expected to allready have done so , bittrex clearly is doing something shady by editing an old msg multiple times to suit thers current needs. Editing old messages is definitely scammy. A big clue something was wrong was the way they increased their withdrawal fees too. Even bitcoincash had high withdrawal fees when it costs a cent to move money. That was pretty much the scam Cryptsy pulled before they disappeared.
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I think there are a lot of buy orders sitting just below $10,000 from institutional investors who want their portfolios to have some bitcoin "just in case".
Especially if the stock market tanks but bitcoin doesn't, the BTC in their portfolios will save their bacon.
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Up and downs happen in any market including cryptos. Bitcoin went up so much so fast, it was bound to correct. Bitcoin will go much much higher in the coming months. But whether to hold or not depends on an individual and his/her circumstances. Otherwise its one of the best investments any one can do.
This. People forget that bitcoin only breached the $10,000 level in December. As long as it stays above $10,000 we should be celebrating.
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I really do not understand why all of a sudden market has just been down.Knowing some countries that banned the mining of bitcoins it really got a big impact on the market.And now i begin to panic.
It isn't sudden. The market has been drifting down since the Dec 6th highs. A lot of transactions that were stuck in the mempool finally hit the exchanges and people sold. Day traders also sold and then you had a bunch of stop losses being triggered which sent the market down further. That's all.
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I am still holding my Bitcoin and even if the market dropped to $1,000 I will still be holding because I believe in bitcoin and I always said to my friends that the future of bitcoin is bigger than whatever is happening now. If the whales are manipulating the market because they what to dump the market so they can buying cheap I will not still sell because of that. I will encourages us to keep holding and by June or July we would not regret were the Bitcoin prices will be. [/quote] Even if you believe in bitcoin, it never hurts to take profits when you see an extraordinary move upwards. Those who sold at around $16,000 -$19,000 are now able to buy back much more. Food for thought for next time it pumps...
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Yeah, I don't see Bitcoin Cash taking over anytime soon. Bitcoin acts like an index fund because every single exchange in this world trades BTC into altcoins. It's very difficult to buy a random coin without Bitcoin. I can't buy Ripple on Bittrex without BTC. Every single coin on Bittrexs is traded with BTC, not Bitcoin Cash. That's the reason why BTC can bring the entire market down or even lift the entire market up. Bitcoin Cash will remain second rate until this changes but I don't believe this will happen anytime soon.
Depends on merchant adoption. Many merchants are removing bitcoin because of transaction fees and delays - but if they adopt bitcoincash instead that's a different story. Bitcoincash has this coming 12 months to make it's mark. If it can get merchants to adopt it instead of BTC, then it has legs. If it doesn't it will die in a year's time.
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All markets are manipulated (not just cryptocurrency markets). But just remember they are manipulated on the way up as well as down.
Where investors go wrong is not taking profits when the markets are up. Remember that moon shorts are rare, if you are in profit, realise that profit before your coin falls back down to earth.
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I think the Market crash caused Bitconnect to collapse. No more money to payout.
This. The market crash was down to people finding an excuse to sell when the Korean news came out (and the move down was helped by a lot of stop losses being triggered). It effed bitconnect badly and they collapsed as a result.
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Which exchange do you use? I assume you live in the US, right? as you have to pay taxes for withdrawal cash out of the exchange.
I'm in Europe - but by next weekend, I will have taken up residency in Panama. Once I have established residency there, I want to either change address associated with my existing exchange account or open up a new one. are you referring to coinbase or gdax? have you ever tried Kraken? When i tried recently, I couldn't seem to be able to open up a GDAX account. i am currently a Kraken account holder. However, they have simply ignored the query I sent them ref. change of address the best part of 2 weeks ago. If you are a Kraken account holder, I recommend you do a SEPA withdrawal to your European bank account and then use your bank to transfer funds to your new account in Panama.
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I heard Bitconnect's owners collected BTC50000 from people and scammed them. the owners sold BTC50000 from 2 days ago till now. This is a big reason for crashing price. don't panic and put some buy orders at different lower price. If BTC fall down to $1500 don't panic and do buying more at different steps.
If they have sold people's money and kept it for themselves, they're looking at jail...
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https://www.cnbc.com/2018/01/17/visa-will-not-process-bitcoin-transactions-says-ceo-alfred-kelly.htmlVisa CEO Alfred Kelly weighs in on tax cuts, bitcoin and global transactions
Bitcoin, the world's largest cryptocurrency, is not really money and Visa won't touch it, the credit card giant's CEO told CNBC.
"I don't view it as payment system player," Alfred Kelly said in an interview recorded on Tuesday at the National Retail Federation conference in New York City.
Despite the emergence of bitcoin as digital money that can be used in a limited fashion to buy things, Kelly said, "We at Visa won't process transactions that are cryptocurrency-based. We will only process fiat currency-based transactions."
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People, rather than try to time the market and call the bottom (or indeed catch falling knives), dollar cost average your purchases. Buy a little each week and while you may not buy all your stash at the bottom, at least you won't be buying it all at the top.
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